Snehaa Organics, incorporated in 2017, operates in the solvent recovery and recycling sector, providing sustainable solutions for industries utilising solvents. The company collects spent solvents from various industries and employs distillation and purification technologies to process them for reuse.
Snehaa Organics IPO
Solvent Recovery & Recycling Company
LIVE IPO₹122,000 (Retail)
Event | Date |
---|---|
Issue Open Date | 29 Aug 2025 |
Issue Close Date | 02 Sep 2025 |
UPI Mandate Deadline | 02 Sep 2025 (5 PM) |
Allotment Finalization | 03 Sep 2025 |
Refund Initiation | 04 Sep 2025 |
Share Credit | 04 Sep 2025 |
Listing Date | 05 Sep 2025 |
Mandate End Date | 17 Sep 2025 |
Lock-in End Date (50% Anchor) | 03 Oct 2025 |
Lock-in End Date (Remaining Anchor) | 02 Dec 2026 |
Snehaa Organics, incorporated in 2017, operates in the solvent recovery and recycling sector, providing sustainable solutions for industries utilising solvents. The company collects spent solvents from various industries and employs distillation and purification technologies to process them for reuse.
With 54 employees as of February 2025, Snehaa maintains a testing facility and implements comprehensive quality control measures for diverse solvent mixtures with batch variability. The company returns recovered solvents to clients for reuse whilst selling additional purified solvents in the open market, and also engages in direct solvent trading through sourcing, quality assessment, and market sales.
Issue Size Breakdown
Fund Utilization
- Experienced and qualified management team with a skilled employee base providing operational excellence
- Strong and consistent financial performance demonstrating business stability and growth trajectory
- Growing customer base across various industries requiring solvent recovery and recycling services
- Scalable and reliable business model with sustainable solutions for industrial solvent management
- Experienced promoters and senior management with extensive domain knowledge in solvent recovery sector
- High dependence on selected customers for significant revenue, and losing major clients could adversely affect business operations
- Operations conducted from leased properties create vulnerability where lease termination could disrupt business activities
- Contingent liabilities exist that may materially affect the company’s financial condition and operational flexibility
Application statistics recorded at 5:00 PM on September 01, 2025:
Category | Reserved (Lakhs) | Applied (Lakhs) | Subscription |
---|---|---|---|
Institutional | 1.26 | 1.29 | 1.02x |
NII | 12.09 | 35.03 | 2.90x |
Retail | 12.10 | 159.24 | 13.16x |
Total | 25.45 | 195.56 | 7.68x |