Pune-based Shreni Shares Files Draft Red Herring Prospectus for IPO to Raise Funds for Working Capital

Shreni Shares Files Preliminary Papers for IPO to Raise Rs 170-200 Crore

Overview Shreni Shares, a Mumbai-based SME market maker and stock broker, has filed preliminary papers with the Securities and Exchange Board of India (SEBI) to raise funds for working capital requirements and debt reduction. The company plans to raise Rs 170-200 crore through an initial public offering (IPO).

Offer Details The IPO comprises a fresh issue of 69 lakh shares and an offer-for-sale of 82 lakh shares by promoters. The offer size is expected to be in the range of Rs 170-200 crore. The draft red herring prospectus (DRHP) was filed on March 4.

Business Overview Shreni Shares offers share broking and market making services and claims to be one of the leading players among the top 10 market makers in the SME exchange ecosystem. The company provides broking services and margin trading facilities to 2,620 clients and is actively involved in market-making of 41 companies listed on SME platforms.

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Use of Proceeds The company plans to utilize the proceeds from the fresh issue as follows:

• Rs 57 crore for working capital requirements
• Rs 8 crore for debt reduction
• The remaining funds for general corporate purposes

Financial Performance Shreni Shares recorded a profit of Rs 29.8 crore in the nine months period ended December 2025 on revenue of Rs 45.9 crore. However, the company has experienced inconsistency in numbers in previous years. In the fiscal year ended March 2025, profit declined 1.9% to Rs 23.2 crore, while revenue dropped 9.9% to Rs 28.5 crore.

IPO Details Aryaman Financial Services has been appointed as the sole merchant banker for the Shreni Shares IPO.

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