As is the case with most other SME IPOs, the company will use the funds raised for meeting incremental working capital requirements and general corporate purposes.
Shreenath Paper Products has fixed a price band of Rs 44 per share, where investors can bid for 3,000 shares in one lot and in multiples thereafter.
Shreenath Paper Products has no GMP in the unlisted market. This has been the trend for SME IPOs this year, where there is literally zero premium in the grey market ahead of issue opening.
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