Shreni Shares Files IPO Papers to Raise Funds for Working Capital and Debt Repayment

Shreni Shares, a stock broking firm and SME market maker, has filed preliminary IPO papers with SEBI to raise funds through a fresh issue of up to 69 lakh equity shares and an offer for sale of up to 82 lakh shares by existing shareholders. The company plans to use the proceeds for working capital, debt repayment, and general corporate purposes. Operating across seven Indian cities with over 2,620 clients, Shreni Shares is among the top 10 SME exchange market makers. The IPO will be listed on BSE and NSE, with Aryaman Financial Services as the lead manager.