Shreni Shares Limited
Shreni Shares Limited
INE0G1R01014
Incorporation Date: 17-Sep-2009
Listing Status: DRHP Filed
About Shreni Shares Limited
Overview of Shreni Shares Limited
Shreni Shares Limited
Shreni Shares Limited is a Mumbai-based financial services and capital-markets company established in 2009. The company operates across stock broking, merchant banking, market making, depository services, margin trading and investment-related services. Its platform is designed to provide multiple financial-market solutions under one roof, supported by digital trading technology, research capabilities and personalised investor services.
🏢 Introduction & Infrastructure
Established: 2009; converted from a private limited company to a public limited company in 2023.
Headquarters: Mumbai, Maharashtra.
Stock Exchange Membership: Member of BSE and NSE.
Depository Services: Registered Depository Participant with CDSL.
Merchant Banking: SEBI-registered Category-I Merchant Banker.
Market Making: Active in the SME market-making ecosystem across BSE and NSE.
Branch Network: Operates through branches, authorised persons and digital platforms.
Technology Infrastructure: Digital trading and investment platforms supporting online account opening, trading, portfolio access and market information.
⚙️ Business Model & Operational Verticals
Shreni Shares follows a diversified capital-markets services model, combining transaction-based broking with merchant banking, market making and investment products.
1. Stock Broking — Core Vertical
Equity cash-market trading
Futures & options
Currency derivatives
Commodity derivatives
Online and assisted trading
Retail and proprietary trading services
2. Margin Trading Funding (MTF)
Provides funding facilities to eligible investors for purchasing securities.
Enables customers to take leveraged positions subject to applicable regulatory and risk parameters.
3. Merchant Banking
SME IPO management
Issue management
Underwriting
Rights issues
Open offers
Delisting
Valuation and transaction advisory
Direct listing and capital-market advisory
4. Market Making
Market-making services for SME-listed companies.
Supports liquidity and continuous two-way quotes in eligible securities.
Has developed significant experience in the SME IPO ecosystem.
5. Depository Services
CDSL Depository Participant services.
Demat account opening and securities holding.
Electronic settlement and transfer of securities.
6. Investment Products
Mutual funds
Bonds
ETFs
IPOs
Offer for Sale (OFS)
Securities Lending & Borrowing Mechanism (SLBM)
👥 Management Structure
Shreni Shares is led by professionals with extensive experience across capital markets, stock broking, merchant banking and financial services.
Bhavesh H. Shah — Managing Director & Chairperson
Hitesh N. Punjani — Director & Compliance Officer
Nidhi Sanghvi — Director, Broking Division
Supported by directors and professional teams across broking, merchant banking, compliance, research, technology, operations and client servicing.
📦 Key Product & Service Portfolio
| Product / Service | Key Offering |
|---|---|
| Equity Broking | Cash-market trading and investment services |
| Futures & Options | Equity derivatives trading |
| Commodity Derivatives | Commodity-market trading |
| Currency Derivatives | Currency futures and related trading |
| Margin Trading Funding | Funded investment facility |
| Merchant Banking | IPOs, rights issues, open offers and advisory |
| Market Making | SME-market liquidity and quotation services |
| Mutual Funds | Mutual-fund investment platform |
| Bonds | Fixed-income investment products |
| IPO & OFS | Primary and secondary market participation |
| ETF | Exchange-traded investment products |
| SLBM | Securities lending and borrowing services |
| Depository Services | CDSL-based demat and securities settlement |
💻 Technology & Research Capabilities
Taurus Trader digital trading platform for investors and traders.
Online trading and investment infrastructure across multiple market segments.
Real-time market information and trading tools.
Research and market insights supporting investment decisions.
Digital onboarding and account-opening capabilities.
Technology-enabled access to equities, derivatives, mutual funds, IPOs and other investment products.
Combination of technology with personalised relationship and investor support.
🏦 SME Capital-Market Ecosystem
A significant part of Shreni Shares' differentiated capabilities lies in the SME capital-market ecosystem.
The company provides services across the SME listing lifecycle, including:
SME IPO management
Merchant banking
Issue management
Underwriting
Market making
Post-listing market support
Valuation and transaction advisory
This creates an integrated ecosystem connecting SMEs, entrepreneurs, investors and capital markets.
⭐ Key Business Highlights
More than 15 years of operating experience in India's financial markets.
Member of BSE and NSE and a CDSL Depository Participant.
SEBI-registered Category-I Merchant Banker.
Established presence in SME IPOs and market making.
Diversified platform covering broking, merchant banking, MTF, market making, mutual funds, bonds, IPOs, ETFs and SLBM.
Technology-enabled trading platform combined with personalised investor services.
Focus on building a one-stop financial-services platform covering multiple stages of the investment and capital-market lifecycle.
Insights of Shreni Shares Limited
Shreni Shares Limited
1. Financial Highlights – FY25 vs FY26
All monetary values are in ₹ Crore.
| Metric | FY25 | FY26 | YoY Growth | Margin FY25 | Margin FY26 |
|---|---|---|---|---|---|
| Net Revenue | 28.53 | 45.75 | +60.40% | — | — |
| EBITDA | 24.80 | 40.06 | +61.53% | 86.92% | 87.56% |
| PBT | 22.83 | 37.55 | +64.48% | 80.02% | 82.08% |
| PAT | 23.14 | 27.75 | +19.92% | 81.11% | 60.66% |
Key Insights:
Revenue increased 60.4% to ₹45.75 Cr, while EBITDA grew 61.5% to ₹40.06 Cr, with the EBITDA margin remaining very high at 87.56%.
Reported PAT increased only 19.9%, mainly because FY25 included ₹6.33 Cr profit from discontinuing operations. On continuing operations, PAT increased from ₹16.81 Cr to ₹27.85 Cr, a much stronger improvement.
Finance costs increased from ₹0.58 Cr to ₹1.32 Cr, but remained relatively small compared with operating profit.
2. Key Company Developments
Stock broking & market making platform: Shreni Shares is a SEBI-registered stock broking firm engaged in share broking and market-making services. The annual report describes the company as one of the leading players among the top 10 market makers in the SME ecosystem and notes 37 mandates during FY23–FY25.
Growing market presence: The company provides broking and margin-trading facilities through a network covering 7 cities, authorised persons and online/digital platforms.
Digital transformation: Management is investing in advanced trading platforms, applications and data analytics to improve customer experience, execution efficiency and turnaround times.
Client-base expansion: The company intends to expand its retail and emerging-segment client base through stronger outreach and onboarding capabilities.
Technology-led operating model: The company identifies technology and automation as important tools for improving operational efficiency and customer engagement.
3. Industry Insights & Trends
Retail participation continues to deepen: India's capital-market ecosystem has experienced increased retail participation, higher demat-account penetration and greater investor engagement, supporting opportunities for brokers and market intermediaries.
Digital investing is becoming central: Online platforms, mobile applications and technology-driven execution are increasingly important for attracting and retaining retail investors.
SME market-making remains an opportunity: Increased activity in India's SME capital markets creates opportunities for specialised market makers and intermediaries.
Competitive intensity remains high: Shreni specifically identifies competition across India's financial-services and broking industry as a key challenge.
Technology and exchange dependence are key risks: The company's operations depend heavily on IT systems and Indian stock exchanges, making technology reliability, regulatory requirements and exchange-related changes important factors for the business.
Key Takeaways
Shreni Shares delivered strong FY26 operating growth, with revenue and EBITDA both increasing by more than 60%.
The underlying continuing business performed particularly well, with continuing PAT rising from ₹16.81 Cr to ₹27.85 Cr, while the reported PAT growth was moderated by the absence of FY25's discontinuing-operation profit.
The company's growth strategy is centred on client-base expansion, SME market-making, digital platforms, technology and automation.
Going forward, sustaining high profitability, expanding the client base, increasing market-making mandates and managing technology/regulatory risks will be important for the company's growth.
Financial Charts of Shreni Shares Limited
Balance Sheet of Shreni Shares Limited
Profit and Loss of Shreni Shares Limited
Ancillary of Shreni Shares Limited
Ratio Analysis
Peers
Industry Benchmarking
Segment Revenue
Subsidaries
Security Allotment
Corporate Governance
Team Management Details
FAQs of Shreni Shares Limited
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How to buy Shreni Shares Limited?
Below are three ways through which you can purchase Shreni Shares Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to buy Shreni Shares Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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How to sell Shreni Shares Limited?
Below are three ways through which you can sell Shreni Shares Limited:
- We at Altius Investech have many actively traded scripts and are market makers of unlisted shares. To check out all the unlisted shares traded. (Click on link). To submit a request to sell Shreni Shares Limited, please click on the trade button at the top of this page
- Additionally, you can download our app from your play store or app store, register on our application, and engage in active trading there.
Download the Altius App here https://onelink.to/hf4m72 - You can also reach out to us at : +91 8240614850 / +91 8240861716
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What is the price of Shreni Shares Limited?
We provide a two way quote on all the shares we deal in. Your buy price for Shreni Shares Limited is ₹135 and your sell price for Shreni Shares Limited is ₹121.5. The price is based on our estimates and market conditions.
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What is the lock-in period of Shreni Shares Limited?
The lock-in period for Shreni Shares Limited varies depending on the category of investors:
- For retail Investors, HNIs, or Body Corporates, the lock-in period is 6 months from the date of the listing of Shreni Shares Limited
- For Venture Capital Funds or Foreign Venture Capital Investors, there is a lock-in period of 6 months from the date of acquisition of Shreni Shares Limited
- For AIF-II (Alternative Investment Funds - Category II), there is no lock-in period
August 2021 saw the introduction of this regulation by SEBI. The purpose of the regulation change, which lowered the lock-in period from a year to six months, was to incentivize additional investments in firms getting ready for initial public offerings, or IPOs. Since its introduction, a number of Portfolio Management Services (PMS) have advised their clients to purchase Pre-IPO shares in order to take advantage of the advantages associated with early-stage investments. This reduction in the lock-in period is considered as a significant step forward.
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How is the Shreni Shares Limited price calculated?
Fundamental & Comparative valuation models and the forces of demand and supply in the market for unlisted shares dictate the price. These prices are based on our estimates and transaction history of Shreni Shares Limited. The price is also determined from the most recent funding round for Shreni Shares Limited. This provides us with a benchmark valuation, offering a clear indication of the company's current market value as perceived by investors and industry experts.
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What are the lot sizes of Shreni Shares Limited?
We can generally arrange lot sizes starting with an investment of INR 20,000. To confirm the lot sizes of Shreni Shares Limited with us kindly click here.
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What are the financials of Shreni Shares Limited?
The financials of Shreni Shares Limited which includes the P/L of Shreni Shares Limited and the Balance Sheet of Shreni Shares Limited is in the financials section (Click on link).
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Where can I find the annual report of Shreni Shares Limited?
The annual report of Shreni Shares Limited is available in the annual report section (Click on link).
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Is buying Shreni Shares Limited legal in India?
Yes, buying and selling unlisted shares in India is indeed 100% legal. This activity is regulated and governed under the guidelines provided by the Securities and Exchange Board of India (SEBI). Investors and traders must adhere to these regulations and guidelines to ensure compliance with legal and financial standards. It's important for participants in the unlisted share market to be aware of and understand these regulations to engage in transactions legally and securely.
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Short-term Capital Gain taxes to be paid on Shreni Shares Limited?
When you sell unlisted shares within a period of two years from the date of acquisition, any profit earned from the sale is classified as Short-term Capital Gain (STCG). This gain is then added to your total income for that financial year. The tax on this short-term capital gain is calculated based on your applicable individual income tax slab rates. Therefore, the rate at which you will pay tax on the STCG from unlisted shares depends on your total income, including this gain, and the tax slab it falls under as per the prevailing income tax laws in India. It's important for investors to consider these tax implications when engaging in transactions involving unlisted shares.
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Long-term Capital Gain taxes to be paid on Shreni Shares Limited and how are They Taxed?
Long-term Capital Gains (LTCG) on unlisted shares in India refer to the profits earned from the sale of unlisted shares that have been held for more than two years. The key aspects of LTCG on unlisted shares include:
- Tax Rate: LTCG on unlisted shares is taxed at a rate of 20%.
- Indexation Benefit: This is a significant advantage for investors. Indexation allows for adjusting the purchase price of the shares for inflation, which can reduce the taxable gain.
- Importance for Investors: Understanding LTCG is crucial, especially for High Net-worth Individuals (HNIs) and retail investors, as it impacts their investment strategy and tax planning. Knowing these details helps in making informed investment decisions.
- Calculation: LTCG is calculated by subtracting the indexed cost of acquisition (the purchase price adjusted for inflation) from the sale price of the shares. The profit thus calculated is subject to a 20% tax.
- Applicability: LTCG tax is applicable to profits from the sale of unlisted shares held for more than two years.
- Relevance: This tax is particularly relevant to investors in the unlisted share market, including those considering selling their holdings after a period of more than two years.
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Applicability of Taxes on Shreni Shares Limited once it is listed?
When shares initially bought in the unlisted market become listed, the taxation rules change significantly if these shares are sold through a stock exchange. Here's what investors need to know:
Transition to Listed Market Tax Rates: Once unlisted shares are listed on the stock exchange and subsequently sold, the tax rates applicable to listed securities come into effect. This shift means that the favourable tax treatments for listed shares, as per the prevailing tax laws, will apply.
Taxation Based on Holding Period: The crucial factor in determining the type of capital gains tax (Long-term or Short-term) is the holding period of the shares. Importantly, this period is calculated from the original purchase date when the shares were unlisted.
Long-term vs. Short-term Capital Gains: If the shares are sold after being held for more than one year from the date of purchase (including the period when they were unlisted), they are subject to Long-term Capital Gains (LTCG) tax.
Conversely, if sold within one-year, Short-term Capital Gains (STCG) tax rates apply.
Significance for Investors: This information is vital for investors in the unlisted market, as it impacts their tax planning and decision-making process. Understanding these nuances ensures that investors can strategically plan the sale of their shares post-listing to optimize tax implications.
Advice for Investors: It's advisable for investors to keep a record of their purchase dates and monitor the listing dates closely. Additionally, staying updated with the latest tax regulations or consulting with a financial advisor is recommended for accurate tax calculations and compliance. -
How does Altius Investech source Shreni Shares Limited?
At Altius Investech, our approach to sourcing Shreni Shares Limited unlisted shares involves a strategic and direct method. Primarily, we acquire these shares from the below key groups:
Employees of the Company: Employee stock option plans (ESOPs) or other compensation packages frequently include shares for firm employees. For a various reasons, such as including portfolio diversification or financial considerations, some of these employees may eventually choose to sell their shares. We engage with these employees, providing them a platform to sell their shares.
Initial Investors: These are the angel or early-stage investors who provided capital to the business in its early stages. These original investors may look to sell all or part of their ownership position in the company as it develops and flourishes. This might be done for various reasons such as in order to maximise their investment, reallocate resources, or make other calculated financial decisions.
Funding rounds and VC funds: Altius Investech sources the shares from private placement rounds in which private companies seek to obtain capital from the market. Through our platform, venture capital funds can liquidate their shares and we receive the inventory from them when they decide to sell a portion of their ownership through block trades.
By establishing connections with these groups, Altius Investech guarantees our clients a steady and dependable supply of Shreni Shares Limited unlisted shares. This process not only makes it easier for employees and initial investors in liquidating their assets, but it also gives our clients access to shares that aren't often found on the open market. Our platform effectively facilitates a win-win situation for both buyers and sellers. -
How to trust Altius Investech before buying Shreni Shares Limited from its platform?
Altius Investech stands at being India's fastest growing and leading marketplace for buying and selling unlisted shares. We believe in enabling access to alternative sources of investments at lower entry barriers to private equity investments.
With more than 25 years of experience, Altius Investech has carved a niche in the financial market by serving more than 8000 clients. The incredible journey is further highlighted by the vast number of transactions that Altius Investech has facilitated transactions that have already exceeded 300 crores.
For investors Altius Investech curates investment opportunities in companies at reasonable valuations which are on the verge of an IPO leading to massive value unlocking. Investments are backed by thorough research and sound investment thesis, with a time bound exit plan.
For ESOP Shareholder and existing Investors, we assist them to liquidate their shares even if they are not publicly traded by creating a platform where we find the right buyers and sellers for the best prices.
Altius Investech have been featured in top media news outlets like Economic Times, Financial Express, Money control. Check out about us on these - leading publications (Click on link) Our journey over these years has not just been about numbers; it's been about building trust and reliability.
We at Altius Investech are dedicated to upholding the greatest levels of ethics and transparency, making sure that your investment experience is not only profitable but also safe and reliable.
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Annual Report of Shreni Shares Limited
Company Information of Shreni Shares Limited
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