Snehaa Organics IPO Subscription Status – Day 2 Update
Snehaa Organics IPO saw strong demand, being subscribed 7.72 times by the end of Day 2 (till 5:00 PM, September 1, 2025).
- Qualified Institutional Buyers (QIBs): 1.02x
- Non-Institutional Investors (NIIs): 2.90x
- Retail Individual Investors (RIIs): 13.22x
The IPO received 1,96,38,000 bids against the issue size of 25,45,000 shares. Retail participation has been exceptionally strong, oversubscribed more than 13 times, indicating high investor interest.
- Day 1 Subscription: 1.94x
- Day 2 Subscription: 7.72x
About Snehaa Organics Limited
- Incorporated: October 2017
- Business: A fast-growing player in the solvent recovery & recycling industry, providing eco-friendly solutions for companies that use solvents in their processes.
- Operations:
- Collects used solvents from industries.
- Processes them using distillation and purification technology.
- Ensures quality compliance before resupplying to clients or selling in the open market.
- Trading Activity: Apart from recovery, Snehaa Organics also trades solvents by sourcing from suppliers, conducting quality checks, and selling commercially.
- Employees: 54 (as of February 28, 2025).
- Industries Served: Pharmaceuticals, chemicals, textiles, and agro-chemicals.
The company’s focus on sustainability and waste reduction positions it strongly in India’s growing circular economy and green manufacturing sector.
Snehaa Organics Financial Performance (₹ in Crores)
- Revenue grew 73.4% YoY (₹13.72 Cr → ₹23.80 Cr).
- Net profit increased by 12.9%, though margins compressed due to higher input costs.
- Net worth improved 43% YoY, reflecting a stronger balance sheet.
- The company maintains healthy profitability, even during expansion.
Snehaa Organics IPO GMP
As of September 1, 2025, the Grey Market Premium (GMP) stood at ₹35.
- Issue Price: ₹122
- GMP Price: ₹157 (₹122 + ₹35)
- Expected Listing Gain: ~28.7%
The steady GMP reflects positive sentiment, supported by strong retail subscription and sectoral tailwinds in green recycling.
Key Insights
- High investor demand with overall subscription at 7.72x, led by strong retail participation.
- Robust revenue growth (+73%) in FY24 highlights strong business momentum.
- Sustainability-driven model aligns with global and Indian ESG trends.
- GMP suggests double-digit listing gains if demand sustains in final bidding day.
