SME market maker and stock broker Shreni Shares files IPO papers to raise funds for working capital

Shreni Shares IPO News

• Shreni Shares files IPO papers to raise funds for working capital
• Offer size could be in the range of Rs 170-200 crore
• IPO comprises of fresh issue of 69 lakh shares, offer-for-sale of 82 lakh shares

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Mumbai-based SME market maker and stock broker Shreni Shares has approached capital markets by filing preliminary papers with SEBI to raise funds for working capital requirements and lowering debt. People familiar with the public issue told Moneycontrol that the offer size could be in the range of Rs 170-200 crore.

The 1.51-crore shares initial public offering (IPO) comprises of fresh issue of 69 lakh shares, and an offer-for-sale of 82 lakh shares by promoters, as per the DRHP filed on March 4.

The company that offers share broking and market making services claims one of the leading players among the top 10 market makers in the SME exchange eco-system. It provides broking services and margin trading facilities to over its 2,620 clients.

As of December 2025, it was doing active market-making of 41 companies listed on SME platforms, which involves providing two-way quotes during trading hours to ensure liquidity in the SME segment.

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Shreni Shares that competes with bigger brokerage firms like Share India Securities, SMC Global Securities, and Rikhav Securities will spend Rs 57 crore of proceeds from fresh issue for working capital requirements, Rs 8 crore for cutting down debt, and the remainder funds for general corporate purposes.

The company has recorded profit of Rs 29.8 crore in the nine months period ended December 2025 on revenue of Rs 45.9 crore, but in the past years, there was inconsistency in numbers.

Profit in the fiscal ended March 2025 declined 1.9 percent to Rs 23.2 crore down from Rs 23.6 crore in previous year. Revenue during the same period dropped 9.9 percent to Rs 28.5 crore from Rs 31.7 crore.

Aryaman Financial Services is appointed as the sole merchant banker for the Shreni Shares IPO.