In 2025, India’s SME IPO market has seen renewed activity, with multiple companies raising capital through public offerings. Snehaa Organics Ltd., a specialist in solvent recovery and recycling, is set to launch its IPO in this backdrop, giving investors exposure to the sustainable chemical recycling sector.
Snehaa Organics Ltd. IPO opens on August 29, 2025, with the company aiming to raise ₹32.68 crore entirely through a fresh issue of 26.79 lakh shares. This IPO provides retail investors and HNIs an opportunity to participate in a niche, environmentally conscious business.
About Snehaa Organics Ltd.
Incorporated in October 2017, Snehaa Organics Ltd. (SOL) operates in the solvent recovery and recycling sector, providing sustainable solutions to industries using solvents. The company collects spent solvents, purifies and distills them, and reintroduces them into industrial use, minimizing waste and environmental impact.
SOL also trades solvents directly, sourcing raw materials, ensuring quality, and selling them in open markets. The company operates a manufacturing facility of 3,300 sq. ft. in Hyderabad, Telangana, equipped with modern technology to ensure high-efficiency solvent recovery.
Competitive Strengths:
- Advanced technology and infrastructure for solvent recovery processes
- Strong reputation in the pharmaceutical sector
- Strategic location aiding logistics and distribution
Snehaa Organics IPO Timeline (Tentative Schedule)
| Event | Date |
| IPO Open Date | Fri, Aug 29, 2025 |
| IPO Close Date | Tue, Sep 2, 2025 |
| Tentative Allotment | Wed, Sep 3, 2025 |
| Initiation of Refunds | Thu, Sep 4, 2025 |
| Credit of Shares to Demat | Thu, Sep 4, 2025 |
| Tentative Listing Date | Fri, Sep 5, 2025 |
| Cut-off time for UPI mandate confirmation | 5 PM on Sep 2, 2025 |
Snehaa Organics IPO Details
| Parameter | Details |
| Face Value | ₹10 per share |
| Issue Price Band | ₹115 to ₹122 per share |
| Lot Size | 1,000 shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 26,79,000 shares (aggregating up to ₹32.68 Cr) |
| Reserved for Market Maker | 1,34,000 shares (aggregating up to ₹1.63 Cr) |
| Net Offered to Public | 25,45,000 shares (aggregating up to ₹31.05 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Shareholding Pre Issue | 75,00,000 shares |
| Shareholding Post Issue | 1,01,79,000 shares |
Snehaa Organics IPO Reservation
| Investor Category | Shares Offered | Percentage |
| Market Maker | 1,34,000 | 5% |
| QIB | 1,26,000 | – |
| NII (HNI) | 12,09,000 | 45.13% |
| Retail (RII) | 12,10,000 | 45.17% |
| Total | 26,79,000 | 100% |
Snehaa Organics IPO Lot Size
| Application | Lots | Shares | Amount |
| Retail (Min) | 2 | 2,000 | ₹2,44,000 |
| Retail (Max) | 2 | 2,000 | ₹2,44,000 |
| S-HNI (Min) | 3 | 3,000 | ₹3,66,000 |
| S-HNI (Max) | 8 | 8,000 | ₹9,76,000 |
| B-HNI (Min) | 9 | 9,000 | ₹10,98,000 |
Snehaa Organics Ltd.: Promoter Holding
The promoters of the company are:
- Mr. Nandigala Venkata Sai Harish
- Mr. Nandigala Venkata Sai Kiran
- Ms. Samhitha Reddy Tera
| Shareholding | Pre Issue | Post Issue |
| Promoters | 99.99% | 73.68% |
Snehaa Organics Ltd. Financials
Restated Consolidated Financials (₹ Crore)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 30.06 | 17.10 | 10.80 |
| Total Income | 26.29 | 23.80 | 20.41 |
| Profit After Tax | 7.34 | 3.66 | 3.25 |
| EBITDA | 11.41 | 5.83 | 4.17 |
| Net Worth | 14.78 | 7.44 | 3.78 |
| Reserves & Surplus | 7.28 | 6.44 | 2.78 |
| Total Borrowing | 9.09 | 3.92 | 3.59 |
KPIs (as of Mon, Mar 31, 2025)
The market capitalisation of Snehaa Organics IPO is ₹124.18 Cr.
| KPI | Value |
| ROE | 49.66% |
| ROCE | 50.38% |
| Debt/Equity | 0.61 |
| RoNW | 49.66% |
| PAT Margin | 27.98% |
| EBITDA Margin | 43.52% |
| Price to Book Value | 0.83 |
| EPS (Pre IPO) (Rs) | 9.78 |
| EPS (Post IPO) (Rs) | 7.21 |
| P/E (Pre IPO) (x) | 12.47 |
| P/E (Post IPO) (x) | 16.92 |
Objects of the Issue
| S.No | Objective | Expected Amount (₹ Cr) |
| 1 | Working Capital Requirement | 23.94 |
| 2 | Repayment of Loans | 3.50 |
| 3 | General Corporate Purposes | – |
| 4 | Issue Expenses | – |
Snehaa Organics Ltd.: Industry Outlook
- The solvent recovery and recycling market is gaining traction as industries focus on sustainability and cost efficiency.
- Increasing environmental regulations and corporate ESG mandates are driving demand for solvent recycling services.
- Pharma sector and chemical sector are primary consumers of recovered solvents due to high-volume usage and cost-saving benefits.
- Companies with modern recovery technologies and strategic locations, like Snehaa Organics Ltd., are positioned to benefit from increasing market demand.
Conclusion
Snehaa Organics Ltd. IPO presents an opportunity to invest in a fast-growing solvent recovery business with strong financial metrics, high PAT margins, and a niche sustainable industry focus. Investors should weigh the aggressive pricing of the issue against its growth potential and consider market competition and sector fragmentation before applying.
If you are exploring more investment opportunities, check out our dedicated page on upcoming IPO listings to stay updated on the latest market offerings.
