Shree Refrigerations IPO Subscribed 187.55x on Final Day; NII and Retail Investors Drive Massive Demand

Shree Refrigerations' initial public offering (IPO) has demonstrated extraordinary investor demand through its third and final day of subscription, with Shree Refrigerations' stock price set at ₹125 per share reflecting overwhelming market reception. The ₹117.33 crore IPO surged dramatically to 187.55 times by 5:04:45 PM on day three, indicating exceptional investor interest in this HVAC systems manufacturer incorporated in 2006.

Shree Refrigerations IPO non-institutional investors segment leads with phenomenal 197.01 times subscription, whilst individual investors demonstrate outstanding participation at 195.05 times and qualified institutional buyers show exceptional interest at 167.32 times, reflecting tremendous investor confidence in this company.

Shree Refrigerations IPO subscription reached an exceptional 187.55 times on day three, led by NII (197.01x), Individual Investors (195.05x), and QIB (167.32x). Total applications reached 3,10,087.

Subscription Status of Shree Refrigerations IPO:

Here are the subscription details for Shree Refrigerations IPO as of Day 3 (July 29, 2025, 5:04:45 PM):

Key Highlights - Day 3:

• Overall subscription reaching exceptional 187.55 times, a massive surge from day two's 20.62 times
• bNII category leading with phenomenal demand at 214.75 times, dramatically exploding from day two's 10.04 times
• NII segment demonstrating outstanding participation at 197.01 times, substantially increasing from day two's 11.88 times
• Individual investors maintaining exceptional performance at 195.05 times, building impressively from day two's 34.85 times
• QIB segment showing remarkable growth at 167.32 times, dramatically increasing from day two's 2.25 times
• sNII category displaying extraordinary interest at 158.70 times, indicating tremendous smaller HNI enthusiasm
• Total applications reached 3,10,087, indicating massive investor participation for this SME IPO
• Cumulative bid amount reached ₹14,633.88 crores against the issue size of ₹117.33 crores
   

Shree Refrigerations IPO - Day 2 Subscription at 20.62 Times

Key Highlights - Day 2:

• Overall subscription reaching solid 20.62 times, building substantially from day one's 2.11 times
• Individual investors demonstrating exceptional growth at 34.85 times, building dramatically from day one's 3.60 times
• sNII segment showing impressive improvement at 16.27 times, building from day one's 2.08 times
• NII segment displaying encouraging participation at 11.88 times, substantially increasing from day one's 1.43 times
• bNII category showing solid growth at 10.04 times, building from day one's 1.11 times
• QIB segment showing modest improvement at 2.25 times, building from day one's 0.00 times

Shree Refrigerations IPO - Day 1 Subscription at 2.11 Times

Key Highlights - Day 1:

• Overall subscription opening modestly at 2.11 times, showing measured initial investor interest
• Individual investors demonstrating early confidence at 3.60 times, showing positive retail sentiment
• sNII segment showing encouraging initial demand at 2.08 times, indicating solid smaller HNI appetite
• NII segment displaying modest participation at 1.43 times, indicating cautious high-net-worth approach
• bNII category showing measured interest at 1.11 times, reflecting careful larger HNI approach
• QIB segment showing no participation at 0.00 times, indicating highly cautious institutional approach

About Shree Refrigerations Limited

Incorporated in 2006, Shree Refrigerations Limited is engaged in the manufacturing of HVAC systems, including air and water-cooled condensing units, chillers, and spray dampening systems. The company serves various sectors, such as automotive, marine, print media, chemical, pharmaceutical, and general engineering. The company offers a range of products, including chillers, test equipment, marine HVAC systems, and printing chillers, along with customised fabrication services to meet engineering industry standards and client needs.