August 25, 2025
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Snehaa Organics IPO Key Dates
| Anchor Investor Subscription | |
| IPO opens on | 29 August 2025 |
| IPO Closes on | 2 September 2025 |
| Allotment on | 3 September 2025 |
| Credit of shares on | 4 September 2025 |
| Tentative Listing on | 5 September 2025 |
Snehaa Organics IPO Condenses Verdict
Snehaa Organics, engaged in solvent recovery and trading, has reported strong growth in FY 2025 with income of Rs. 26.29 crore (vs. Rs. 23.80 crore in FY 2024) and PAT of Rs. 7.34 crore (vs. Rs. 3.66 crore). EBITDA nearly doubled to Rs. 11.41 crore. Net worth has improved to Rs. 14.78 crore. However, trade receivables of Rs. 9.43 crore and inventory of Rs. 3.66 crore are relatively high compared to its monthly revenues. While the financial growth is notable, valuations need careful consideration.
Final Subscription Tally
| Size Rs. 46.80 Crore | ||||
| QIB | NII x | RII x | Total x | Applications |
| Subscription Review: |
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About Snehaa Organics
Incorporated in October 2017, Snehaa Organics Limited is engaged in solvent recovery and recycling, offering sustainable solutions to industries dependent on solvents. The company collects spent solvents and, through advanced distillation and purification processes, makes them reusable. Alongside recovery, it is also active in direct solvent trading by sourcing raw materials, ensuring quality checks, and selling in the open market. Its manufacturing facility is located at Hyderabad, Telangana, spread over 3,300 sq. ft.
Snehaa Organics IPO Details
|
Sector: Spent Oil Processing |
|
| IPO opens on | 29 August 2025 |
| IPO closes on | 2 September2025 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 26,79,000 Shares / Rs 32.68 Crore |
| * Fresh Issue | – |
| * Offer for Sale – | – |
| Market Maker Portion | 134,000 Shares |
| Net offer to Public | 25,45,000 Shares Rs. 31.05 Crores |
| Face Value per share | Rs. 10 |
| Price Band | Rs. 115-122 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 1000 Shares |
| Listing will at | NSE SME |
How shares are being offered
| Investor Category | Shares Offered |
| Market Maker Shares Offered | 1,34,000 (5.00%) |
| QIB Shares Offered | 1,26,000 |
| NII (HNI) Shares Offered | 12,09,000 (45.13%) |
| Retail Shares Offered | 12,10,000 (45.17%) |
| Total Shares Offered | 26,79,000 (100.00%) |
| Application | Lots | Shares | Amount |
| Individual investors (Retail) (Min) | 2 | 2,000 | ₹2,44,000 |
| Individual investors (Retail) (Max) | 2 | 2,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,98,000 |
Who are the Promoters of Snehaa Organics IPO?
The promoters hold 99.99% of the pre-IPO capital
What are the Objects of Snehaa Organics IPO?
The Company proposes to utilize the Net Proceeds from Issue towards funding the following objects
+Working Capital Requirement Rs. 23.94Crore
+To Repayment of loans availed by our Company Rs. 3.50 Crore
+General Corporate purposes
Snehaa Organics IPO Lead Managers
Fasttrack Finsex Pvt ltd
| Registered Office of the Company |
| Snehaa Organics Ltd. Plot No 290 & 291 Dulapally Adjacent to Ida Jeedimetla, Quthbullapur, Rangareddi Quthbullapur, Telangana, 500055 |
| Who is the Registrar to the IPO? Skyline Financial Services Pvt ltd |
Snehaa Organics Financials Snapshot
| Period Ended | 31-Mar-25 | 31-Mar-24 | 31-Mar-23 |
| Assets | 30.06 | 17.1 | 10.8 |
| Total Income | 26.29 | 23.8 | 20.41 |
| Profit After Tax | 7.34 | 3.66 | 3.25 |
| EBITDA | 11.41 | 5.83 | 4.17 |
| Net Worth | 14.78 | 7.44 | 3.78 |
| Reserves and Surplus | 7.28 | 6.44 | 2.78 |
| Total Borrowing | 9.09 | 3.92 | 3.59 |
| Amount in Rs. Crore | |||
Performance Indicators
| KPI | Values |
| ROE | 49.66% |
| ROCE | 50.38% |
| Debt/Equity | 0.61 |
| RoNW | 49.66% |
| PAT Margin | 27.98% |
| EBITDA Margin | 43.52% |
| Price to Book Value | 0.83 |
| EPS-Pre | 9.78 |
| PER-Pre | 12.47 |
How Snehaa Organics IPO compares with the Peers?
There is no listed company in India having business similar to this company.
Snehaa Organics IPO Review
by Paresh Gordhandas, CA & Research Analyst
Incorporated in 2017, Snehaa Organics Limited operates in solvent recovery and recycling, offering sustainable industrial solutions. It also trades solvents in the open market after quality checks and sourcing. The company runs its plant in Hyderabad, Telangana, across 3,300 sq. ft.
Financially, Snehaa Organics has shown a consistent growth trajectory. In FY 2025, the company clocked total income of Rs. 26.29 crore, with PAT at Rs. 7.34 crore compared to Rs. 3.66 crore in FY 2024 and Rs. 3.25 crore in FY 2023. EBITDA surged to Rs. 11.41 crore from Rs. 5.83 crore a year earlier. Net worth stood at Rs. 14.78 crore, supported by reserves of Rs. 7.28 crore. Borrowings increased to Rs. 9.09 crore as against Rs. 3.92 crore in FY 2024.
One point of caution: trade receivables (Rs. 9.43 crore) and inventory (Rs. 3.66 crore) are on the higher side relative to its monthly revenue of Rs. 2.18 crore, which may affect cash flow efficiency. Additionally, FY 2025 revenue includes Rs. 4.91 crore from stock-in-trade purchase, showing reliance on trading activity besides core solvent recovery.
Chanakya View: Snehaa Organics presents strong growth in topline and bottomline with improving margins. However, stretched receivables and higher borrowings require attention. Investors should weigh these risks against the consistent profitability track record.
The company specializes in solvent recovery and recycling. It also trades solvents directly after sourcing and quality checks
In FY 2025, total income rose to Rs. 26.29 crore and PAT doubled to Rs. 7.34 crore. EBITDA nearly doubled to Rs. 11.41 crore, indicating improving profitability.
Yes. Trade receivables of Rs. 9.43 crore and inventory of Rs. 3.66 crore are relatively high compared to monthly revenues, which could impact liquidity. Borrowings have also risen to Rs. 9.09 crore.
The company shows strong growth and profitability. However, receivables and valuation levels should be kept in mind. Risk-tolerant investors may consider; conservative investors should be cautious.
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