Shree Refrigerations Ltd

Shree Refrigerations will hold a meeting of the Board of Directors of the Company on 11 November 2025.Powered by Capital Market - Live

Shree Refrigerations (SRL) through its wholly-owned subsidiary, Trezor Technologies, has tied up with Canada-based Smardt Chillers, a global player in oil-free chillers for data centre cooling solutions. The association aims to strengthen the company's presence in the $1.9 billion data center cooling segment in India. Trezor Technologies will handle the promotion, marketing, sales, installation, and after-sales services of Smardt chillers across India. Smardt Chillers will provide the necessary technical support, training, and promotional materials while sharing marketing costs with Trezor. This collaboration enables Shree Refrigerations to expand its footprint in the high-growth data center sector while leveraging Smardt's international expertise in advanced chiller solutions. The agreement is not a related-party transaction and carries no impact on the management or control of Shree Refrigerations. 'Through this strategic association, SRL will bring state-of-the-art magnetic bearing chiller technology , specially designed for mission-critical data center applications,' the company said on Tuesday. RG Shende, Chairman and Managing Director, Shree Refrigerations, said, 'Data centers demand the highest levels of efficiency and uptime. Our association with Smardt allows us to deliver cutting-edge magnetic bearing chiller technology to Indian customers, strengthening our commitment to deliver efficient and reliable cooling solutions for mission-critical infrastructure .' Shende added that this portfolio expansion opens new opportunities for the company beyond the traditional defence base. 'Over the next three years, SRL expects this vertical to contribute 10-15% revenues, creating a balanced business mix while unlocking additional growth and margin potential,' he said.Powered by Capital Market - Live

Shree Refrigerations announced that the 19th Annual General Meeting(AGM) of the company will be held on 23 September 2025.Powered by Capital Market - Live

The scope of work includes the supply and installation of heating, ventilation, and air conditioning (HVAC) systems for five Fleet Support Ships. The project is to be executed with a delivery deadline of 31 March 2028, from the date of execution of the supply order. Shree Refrigerations made a debut on the stock exchanges on 1 August 2025, with its shares listing at Rs 169.85, a 35.88% premium to the issue price of Rs 125. The company's initial public offering (IPO), which closed on 29 July 2025, was subscribed 174.24 times. The IPO was priced within a band of Rs 119 to Rs 125 per share. The stock hit a record high of Rs 214.80 on 25 August 2025. Shree Refrigerations is a defense-focused manufacturer of advanced refrigeration and HVAC systems. The company recorded revenue from operations of Rs 98.73 crore and a net profit of Rs 13.55 crore for the period ended 31 March 2025.Powered by Capital Market - Live

Shree Refrigerations has received an order worth Rs 106.62 crore from Hindustan Shipyard for supply of HVAC system for 5 Fleet Support ships and application/installation. Powered by Capital Market - Live

The scrip was listed at Rs 169.85, a premium of 35.88% compared with the initial public offer (IPO) price. The stock is currently up 3.62% over its listing price. The counter hit a high of Rs 177.70 and a low of Rs 161.50. About 44.40 lakh shares of the company changed hands at the counter. Shree Refrigerations' IPO was subscribed 174.24 times. The issue opened for bidding on 25 July 2025 and it closed on 29 July 2025. The price band of the IPO was set at Rs 119 to Rs 125 per share. The IPO comprised 93,86,000 equity shares, including a fresh issue of 75,61,000 equity shares and offer for sale (OFS) of 18,25,000 equity shares. The promoter and promoter group shareholding diluted to 44.59% from 56.60% pre-offer. The company intends to utilize the net proceeds for funding the working capital requirement and general corporate purposes. Ahead of the Shree Refrigerations on 24 July 2025, raised Rs 33.41 crore from anchor investors. The board has allotted 26.73 lakh shares at Rs 125 per share to 11 anchor investors. Shree Refrigerations is engaged in the business of manufacturing chillers, refrigeration and air conditioning appliances, and other components of the Heating, Ventilation, and Air Conditioning (HVAC) industry. The company offers a range of advanced systems and equipment primarily to the domestic market. Its product portfolio serves multiple industries, including automotive, marine, print media, chemical, pharmaceutical, and general engineering sectors. The company is also actively involved in the manufacturing of marine chillers and holds approved supplier registrations from various professional directorates of the Indian Navy, including the Directorate of Electrical Engineering and the Directorate of Quality Assurance ' Warship Projects. As of 31 May 2025, the company had 129 permanent employees and 165 contractual employees. The company recorded revenue from operations of Rs 98.73 crore and net profit of Rs 13.55 crore for the period ended 31 March 2025. Powered by Capital Market - Live