The Indian stock market opened mid-week with a fresh SME IPO listing—Shreeji Global FMCG—and the debut certainly drew attention. For many market watchers tracking SME IPO listing trends, today’s listing carried its own story. The stock stepped into the market under pressure, but also hinted at quick intraday attempts to recover.
Market Performance: A Quiet Start for the SME IPO Listing
The broader sentiment in the Indian stock market remained steady, but the tone around the Shreeji Global FMCG IPO listing was clearly muted. As trading kicked off, the newly-listed SME stock witnessed a cautious opening, reflecting a mix of curiosity and restraint among participants.
Shortly after the market opened, the stock began showing initial volatility—something not uncommon for SME IPO listings—adding an extra layer of interest around how the day might shape up.
Shreeji Global FMCG IPO Listing Today: A Discounted Debut
When the stock finally hit the NSE SME platform, the response was softer than many anticipated. Instead of premium gains, the stock opened notably below its issue price.
Key Listing Details
- IPO issue price: ₹125 per share
- Shreeji Global FMCG IPO listing price: ₹100 per share
- Listing impact: ~20% discount
- Shreeji Global FMCG share price NSE (opening): ₹100
A 20% listing discount meant that allottees saw their investment value drop right at the opening tick—a sentiment that resonates strongly across the IPO listing ecosystem.
However, what made the day interesting was how the stock attempted a quick rebound after the opening.
Intraday Move
- Shreeji Global FMCG share price today: climbed to ₹104.80
- Intraday jump from listing price: ~4.80%
This mild recovery effort showed that buyers were active around the lower levels, even though the opening was soft.
Shreeji Global FMCG IPO Details: Subscription, Issue Structure & Fund Allocation
The company’s ₹85 crore IPO drew a fair amount of traction during the subscription window, supported across QIB, NII, and retail categories.
Subscription Snapshot
- Overall subscription: 3.27×
- QIB segment: 1.64×
- NII segment: 5.06×
- Retail investors: 2.91×
The IPO structure was entirely fresh, meaning all funds raised are going directly into the company’s expansion and operational requirements.
Issue Structure
- Fresh shares: 6.8 million
- Face value: ₹10 per share
Fund Utilization
- Factory premises: ₹5.67 crore
- Plant, machinery & cold storage: ₹29.01 crore
- Solar power (internal use): ₹4.05 crore
- Working capital requirements: ₹33.54 crore
- General corporate purposes: Balance amount
This allocation reflects a focus on strengthening infrastructure, operational efficiency, and long-term capacity.
Company Overview: What Shreeji Global FMCG Does
Shreeji Global FMCG operates in the everyday essential foods category, offering a wide mix of products under its brand “Sethji.” The lineup spans household staples familiar to kitchens across India.
Product Range
- Whole & ground spices
- Pulses and flours
Some of the key items processed and marketed include:
- Chickpeas
- Cumin
- Coriander
- Peanuts
- Fennel
- Coriander powder
- Turmeric powder
- Red chili powder
The company also imports multiple raw materials from different countries, adding depth to its product sourcing strategy.
Imported Items (Processed In-House)
- UAE coriander
- Madagascar cloves
- Low-fat dried coconut (Sri Lanka)
- Star anise (Vietnam)
- Cigar cassia, split cassia, broken cassia (Vietnam)
- Milled wheat (Singapore)
The business model blends global sourcing with in-house processing to create a steady supply chain across categories.
Summary: Soft Debut, Mild Recovery, and a Growing FMCG Player
The Shreeji Global FMCG IPO listing entered the market with a discount, opening at ₹100 against the issue price of ₹125. While the debut meant no listing gains for investors, the stock’s quick move toward ₹104.80 showed some early attempts to stabilize.
With a ₹85 crore IPO, 3.27× subscription, and a diversified FMCG product portfolio under its “Sethji” brand, the company has stepped into the public markets with clear operational plans and capital allocation strategies.
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