Shreni Shares is heading for an IPO
An IPO has been announced. Issue details are on the IPO page.
Shreni Shares Unlisted Shares
Shreni Shares Limited is a SEBI registered stock broking firm in Mumbai that offers share broking, margin trading funding and market making services. It earned revenue from operations of ₹285.29 million in FY25.
Read the full company profileShreni Shares share details
- Lot size
- 1,000 shares
- Min. investment
- ₹138,000
- Face value
- ₹10
- Implied market cap
- ₹732 Cr
- Shares outstanding
- 53,031,600
- Founded
- 2009
- Headquarters
- Kandivali West, Mumbai, Maharashtra
- Website
- shreni.in
- ISIN
- INE0G1R01014
- CIN
- U67190MH2009PLC195845
- Lock-in after IPO
- 6 months
Shreni Shares share price chart
Indicative off-market dealer quotes, not exchange prices. A flat stretch means the quote did not change on those days.
Shreni Shares IPO status: SEBI review completed
Shreni Shares has completed SEBI's review of its draft offer document. The next step is a red herring prospectus with the issue dates.
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9 Mar 2026DRHP filed with SEBI
About Shreni Shares
Strengths
- Profit has grown fast from a small base. Restated profit rose from ₹55.55 million in FY23 to ₹196.00 million in FY24 and ₹168.26 million in FY25.
- Margins are high because the company is asset-light. EBITDA margin was 86.47% and PAT margin 58.98% in FY25.
- Net worth grew from ₹205.08 million in FY23 to ₹1,415.93 million in FY25, helped by profits and fresh share issues of ₹400.00 million in FY24 and ₹366.72 million in FY25.
- Debt is small against equity. Total borrowings were ₹97.16 million in FY25 and the net debt to equity ratio was 0.07 times.
- The company has a presence in market making for SME listings, handling 37 mandates over FY2023 to FY2025 per the D&B industry report cited in the DRHP.
- The business reaches clients through 8 branches in 7 cities, 6 Authorised Persons and online platforms, and its margin trading book reached ₹447.22 million by December 31, 2025.
Risks
- Revenue depends heavily on the company's own treasury trading. Treasury was 76.77% of revenue from operations in the nine months to December 31, 2025, so a market fall can hurt results quickly.
- Earnings are volatile. Revenue from operations fell from ₹316.62 million in FY24 to ₹285.29 million in FY25 and restated profit fell from ₹196.00 million to ₹168.26 million.
- Operating cash flow has been negative. Net cash used in operating activities was ₹91.57 million in FY25 and ₹229.31 million in FY24, even though profits were positive.
- The margin trading and loan book is growing. Loans given were ₹447.47 million at December 31, 2025 against ₹252.45 million in FY25, so a client default or a market crash can cause losses.
- Return ratios have moved a lot. ROE fell from 23.27% in FY24 to 11.88% in FY25 as new equity came in.
- The company has faced regulatory action. SEBI imposed penalties totalling ₹0.26 million by an adjudication order in 2021 and the MCA imposed another ₹0.26 million penalty, and the NSE has issued warnings.
- Broking is heavily regulated and sensitive to exchange rules, brokerage fee limits and net worth requirements.
- Branch offices are on rented or leave and license premises, including one owned by an employee, so losing a lease could disrupt service.
- Promoters will hold a large stake after the IPO and can influence shareholder decisions. Some borrowings are backed by promoter guarantees.
- Unlisted share prices are indicative, there is no formal market before listing, and the IPO price is not yet decided.
Shreni Shares financial performance
Revenue, profit and balance-sheet figures by fiscal year.
| Metric | FY25Latest | FY24 | FY23 |
|---|---|---|---|
| Revenue (₹ Cr) | 28.53 | 31.66 | 11.95 |
| EBITDA (₹ Cr) | 24.67 | 28.46 | 9.23 |
| PAT (₹ Cr) | 16.83 | 19.60 | 5.56 |
| EBITDA Margin (%) | 86.47 | 89.89 | 77.24 |
| PAT Margin (%) | 58.99 | 61.91 | 46.53 |
| RoNW (%) | 11.89 | 23.27 | 27.11 |
| EPS (₹) | 3.34 | 4.43 | 1.39 |
| Book Value (₹) | 26.70 | 33.71 | 20.52 |
| Debt / Equity | 0.07 | 0.06 | 0.66 |
| Total Assets (₹ Cr) | 171 | 102 | 39 |
| Net Worth (₹ Cr) | 142 | 84 | 21 |
Swipe the table sideways for earlier years →
Management team
Events & announcements
Shreni Shares filed its draft red herring prospectus with SEBI, the first public step towards an IPO.
Buy or sell Shreni Shares unlisted shares
Get a live quote on WhatsApp in under 60 seconds. Current price ₹138. Shares are delivered to your own demat in 24–48 hours, never to a custodian.
Indicative off-market price, not an exchange quote. Read the disclaimer.
Shreni Shares unlisted shares: common questions
Important disclaimer
Unlisted shares are not traded on stock exchanges. Prices shown are indicative and based on off-market transactions; they may differ from eventual listing or future market prices. Exit liquidity depends on counter-party availability. SEBI mandates a 6-month lock-in on pre-IPO shares post-listing. Gains held beyond 24 months are taxed at 12.5% LTCG (no indexation). IPO Guru is not a SEBI Registered Investment Advisor. Information here is for general awareness, not personalised investment advice. Please consult your tax advisor before investing.
