IPO Corner: Snehaa Organics Limited

It’s the first chemical recycling company to be listed on SME platform.

Snehaa Organics IPO opens for subscription on Aug 29, 2025 and closes on Sep 2, 2025. The allotment is expected to be finalized on Sep 3, 2025. Snehaa Organics IPO will list on NSE SME with a tentative listing date fixed as Sep 5, 2025. It is a book build issue of ₹32.68 crores. The issue is entirely a fresh issue of 0.27 crore shares of ₹32.68 crore.

• Issue Opens: August 29, 2025
• Issue Closes: September 2, 2025
• Face Value: Rs 10 each
• Price Band: Rs 115- 122 per share
• Lot Size: 1000 Shares
• Sale Type: Fresh Capital
• Issue Type: Bookbuilding IPO
• Issue Size: Rs 32.68 crore
• Listing date: September 5, 2025
• Listing: NSE SME

The price band is set at ₹115.00 to ₹122.00 per share and the lot size for an application is 1,000. The minimum amount of investment required by an individual investor is ₹2,30,000 or 2,000 shares. The minimum lot size investment for HNI is 3 lots or 3,000 shares, amounting to ₹3,66,000.

Incorporated in October 2017, Snehaa Organics Limited operates in solvent recovery, providing sustainable solutions for industries that use solvents. The company collects spent solvents and uses distillation and purification technologies to reuse them.

Its workforce ensures efficient recovery from diverse solvent mixtures with high batch variability. The company trades solvents directly, sourcing raw materials, assessing quality, and selling in the open market. It has a manufacturing facility in Hyderabad, Telangana across 3,300 sq. ft.

The market capitalization of Snehaa Organics IPO is ₹124.18 Crore.

About Snehaa Organics Limited

Established in 2017 and restructured in 2019, Snehaa Organics Limited operates in the solvent recovery and recycling sector, delivering sustainable solutions for industries that rely on solvents in their operations. The company collects spent solvents from diverse industries and utilizes advanced distillation and purification technologies to process them for reuse. It also operates a dedicated testing facility to cater to specific customer requirements. Recovered solvents are supplied back to the original companies for reuse, while surplus purified solvents are sold in the open market, promoting resource efficiency and reducing waste.

Opportunities in Snehaa Organics Limited 

First of all, its geographic expansion as it is expanding into other Indian states or international markets that can reduce market concentration risks and unlock new customer bases.

The second is its Product & Margin Diversification – as the company is focusing on high-value solvents like Acetonitrile, THF, and 2TB can tap into more profitable niches, especially within pharma applications.

The third is its forward Integration with Pharma. Direct entry into pharmaceutical-grade solvent production presents a high-growth opportunity driven by rising demand in the sector.

Financials:

Snehaa Organics Ltd.’s revenue increased by 10% and profit after tax (PAT) rose by 101% between the financial year ending with March 31, 2025 and March 31, 2024.

Attraction:

This will be the first chemical recycling company which is going to be listed on SME Platform, a sector which has immense possibilities, being virtually a new concept in India.