Introduction
Shreni Shares Limited is a public limited company based in Mumbai, Maharashtra, originally incorporated in 2009. It's a SEBI-registered Category-I Merchant Banker and a member of both BSE and NSE, also registered as a Depository Participant with CDSL.
Business
The company offers share broking, market making, and margin trading services to over 2,620 clients, and operates through 8 branches across 7 cities, along with authorised persons and digital platforms. It's ranked among the top 10 market makers in India's SME exchange space, handling mandates for a significant number of IPOs between FY2023 and FY2025. As a merchant banker, it has helped list companies like delaPlex Limited and Manoj Ceramic Limited on NSE Emerge/BSE SME platforms.
Leadership: Bhavesh Shah (Managing Director, a CA with 25+ years in financial markets), Nidhi Shah (CFO), and Hitesh Punjani (Whole-Time Director).
Recent development — IPO filing: On March 4, 2026, Shreni Shares filed its DRHP with SEBI for an IPO — a book-built issue of up to 15.1 million shares (₹10 face value each), split between a fresh issue of up to 6.9 million shares and an offer for sale of up to 8.2 million shares by existing shareholders.
For FY25, the company reported revenue of about ₹54.5 crore. Aryaman Financial Services is the book-running lead manager and Bigshare Services is the registrar. As of the latest reports, the exact IPO price band and dates hadn't been announced yet — it's still in the pre-listing/regulatory stage.
