Snehaa Organics IPO Subscription Status

The Snehaa Organics IPO witnessed strong investor demand, being subscribed 27.75 times on the final day (September 2, 2025, till 5:00 PM).

• Qualified Institutional Buyers (QIBs): 42.19x
• Non-Institutional Investors (NIIs): 16.23x
• Retail Individual Investors (RIIs): 37.75x

In total, the company received bids for 7,06,17,000 shares against 25,45,000 shares on offer.

Day-wise subscription status:

• Day 1: 1.94x
• Day 2: 7.72x
• Day 3 (Final Day): 27.75x

About Snehaa Organics Limited

Incorporated in October 2017, Snehaa Organics Limited is among the leading players in solvent recovery and recycling, providing eco-friendly solutions to industries using solvents.

The company’s process involves:

• Collecting used solvents from various industries.
• Applying distillation and purification methods to recover and recycle them.
• Delivering purified solvents back to customers or selling them in the open market.

Additionally, Snehaa Organics is engaged in solvent trading, where it purchases solvents from suppliers, ensures quality testing, and then sells them commercially.

As of February 28, 2025, the company employs 54 people.

Financial Performance

• Revenue: ₹23.80 crore in FY 2024 vs. ₹13.72 crore in FY 2023 (growth of ~73%).
• Profit After Tax (PAT): ₹3.66 crore in FY 2024 vs. ₹3.24 crore in FY 2023 (growth of ~12.9%).

This steady growth highlights both increased demand for solvent recovery and the company’s ability to scale operations effectively.

Snehaa Organics IPO GMP

As of Tuesday, September 2, 2025, the Grey Market Premium (GMP) stood at ₹20. This suggests the IPO shares are trading at ₹142 in the grey market, reflecting a premium over the issue price of ₹122.