Snehaa Organics IPO Subscription Status

The Snehaa Organics IPO opened with a healthy response, being subscribed 1.94 times on the very first day of bidding, till 5:00 PM on August 29, 2025.

• QIB (Qualified Institutional Buyers): 1.00x
• NII (Non-Institutional Investors): 1.05x
• RII (Retail Individual Investors): 2.92x

The company received bids for 49,37,000 equity shares against the issue size of 25,45,000 shares on Day 1.

Day-wise subscription status:

• Day 1: 1.94x

This reflects stronger participation from retail investors, while institutional investors have also shown steady interest on the opening day.

About Snehaa Organics Limited

Incorporated in October 2017, Snehaa Organics Limited is engaged in the solvent recovery and recycling business, providing eco-friendly and sustainable solutions for industries that extensively use solvents.

Key Business Activities:

• Collects and recovers used solvents from different industries.
• Processes them using distillation and purification techniques.
• Ensures strict quality checks before re-supplying recovered solvents back to companies.
• Also engages in solvent trading — procuring solvents from suppliers, testing quality, and selling in the open market.

As of February 28, 2025, the company has a workforce of 54 employees. Snehaa Organics has positioned itself as a growing player in the green chemistry and recycling sector, aligned with increasing environmental awareness and demand for sustainable practices.

Financial Performance (₹ in Crores)

• Revenue grew by 73% YoY, reflecting expansion in solvent recovery and trading volumes.
• Net profit increased modestly, showing stable margins despite higher operational scale.

Snehaa Organics IPO GMP

As of Friday, August 29, 2025, the Grey Market Premium (GMP) for the IPO stood at ₹38.

• Issue Price: ₹122
• GMP: ₹38
• Estimated Listing Price: ₹160 (₹122 + ₹38)

This indicates a 31% premium in the grey market, suggesting strong investor sentiment and potential upside on listing day if the momentum continues.