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Shree Refrigations Share Marathi News: Shares of Shri Refrigerations increased by more than 90 percent on Monday. After receiving an order of Rs 1.5 crore for the supply of five flat support ships from Hindustan Shipyard Limited, their shares increased by more than 90 percent.

The stock price of this small-cap company increased by 19.5 percent a day to a record of Rs. 8.5 per share, which has been the biggest intrade from the earlier this month. Compared to the growth of 8.5 per cent in the Nifty 2 at 8am, the stock increased by 8.5 percent to Rs.

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Shares of the company increased the next day and has increased by more than 5 percent since the listing on August 7. The total market capital of Shri Refrigerations is Rs.

Shri Refrigerations received an order of Rs.

The company received an order worth Rs. This agreement includes the supply and installation of the HVAC system for five flat support ships as per the statements of technical requirements. The delivery is planned to be completed by March 7. The company explained that its promoters or group companies have no interest in the Hindustan Shipyard and this transaction does not come under the corresponding-party transaction.

Mr. Refrigeration IPO details

The IPO of Shri Refrigerations includes a new issue of 9.5 million equity shares worth Rs. By offs, Maharashtra Defense and Aerospace Venture Fund, their investment manager IDBI Capital Markets and Securities Limited is selling their share.

Mr. Refrigerations have proposed the income from new issues to meet their playful capital needs and use it for general corporate purposes.

Mr. Refrigeration is involved in the manufacture of chillers, refrigeration and air conditioning equipment and other components in heating, ventilation and air conditioning (HVAC) industry.

Shri refrigerations are also actively involved in the production of maritime chillers, and holds the registration of approved suppliers from several directors of the Indian Navy, which includes the Directorate of Electrical Engineering and the Directorate of Quality Guarantee – The support of the War Naka project.

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