Shreenath Paper Products' Rs 23 crore IPO, opened for subscription today, has witnessed a 6.5% subscription on the first day. By noon, 3,54,000 shares were bid for, out of the 53,10,000 shares reserved for allotment. Retail investors led with 3,18,000 shares, while non-institutional investors bid for 36,000. The IPO closes on February 28, 2025.