SME IPOs: Shreeji Global lists at 2% discount on NSE
Shreeji Global FMCG, known for processing spices and grains, made its stock market debut on the NSE SME platform on November 12.
The company raised ₹85 crore through its IPO, which was subscribed 3.27 times—showing decent investor participation.
No gray market premium suggests expectations of a flat debut, as investors have turned cautious toward SME listings after recent volatility.
Retail investors showed strong interest in the issue
Shares were priced at ₹120-125 each, with the final allotment at ₹125.
Retail investors oversubscribed their share by nearly three times, while non-institutional and institutional buyers also showed decent interest.
The funds will go toward expanding manufacturing, adding new machinery, building cold storage and solar facilities, and boosting working capital.
Revenue and profit more than doubled in FY25
Started in Rajkot in 2018, Shreeji Global runs two plants making spices, seeds, grains, pulses, and flours under the "SHETHJI" brand.
They source ingredients from India and abroad to serve both local and export markets.
In FY25, revenue grew by 11% to ₹650.85 crore—and net profit more than doubled to ₹12.15 crore—so they're definitely picking up steam!