Shree Refrigerations Limited, established on April 24, 2006, transitioned from a private to a public limited company on December 5, 2023. Headquartered in Pune, Maharashtra, the company operates in the Heating, Ventilation, and Air Conditioning (HVAC) industry, manufacturing chillers, refrigeration, and air conditioning systems. With its production facility located in Karad, Satara district, Maharashtra, the company supplies advanced systems to diverse domestic markets within industries including automotive, marine, print media, chemicals, pharmaceuticals, and general engineering.
A notable focus of the company is its expertise in marine chillers, with supplier approvals from Indian Navy entities like the Directorate of Electrical Engineering and Directorate of Quality Assurance - Warship Projects. Their marine products play a crucial role in ensuring crew comfort and the operational efficiency of ships, particularly in maintaining optimal temperatures for electronic warfare systems. Across other industries, Shree Refrigerations' solutions address critical temperature regulation needs, supporting operational efficiency, safety, and product quality.
The company is preparing for an Initial Public Offering (IPO) comprising up to 93,59,200 equity shares. This will include a fresh issue of 74,75,820 equity shares and an offer for sale of 18,83,380 equity shares. Investors considering this IPO can expect to leverage Shree Refrigerations' positioning as a significant player in the HVAC sector with its niche product line and strong industry partnerships, particularly in the high-value marine and defense markets.
