Shubhshree Biofuels Energy IPO will open for subscription on 09 September 2024. The company aims for an issue size of ₹16.56 Cr through this IPO.
Company Overview
| Full name | Shubhshree Biofuels Energy Limited |
| Sector | Miscellaneous |
| Industry | Miscellaneous |
| Company Website | https://shubhshreebiofuels.co.in/ |
About Company
Established in 2013, Shubhshree Biofuels Energy supplies biomass fuels, such as biomass pellets and briquettes, to customers in various sectors, including recycled materials, textile processing, pharmaceuticals, and metal industries. Shubhshree Biofuels Energy has installed three briquette-cum-pelleting machines, one of which is owned by the company and the other two rented along with their premises. The machines provide a combined capacity of 132 tonnes per day. From October 2023 to February 2024, the company produced 12,090 tonnes of biomass fuels, which represented approximately 23.8% of the total sales of around 50,600 tonnes.
Shubhshree Biofuels Energy primarily sells its products in the northern states of India, with Haryana, Uttar Pradesh, Rajasthan, and the NCR region being the largest contributors to its revenue from operations. As of 31 March 2024, the company employed 26 people.
The Objectives of the Issue
- Funding Capital Expenditure towards the installation of additional plant and machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Shubhshree Biofuels Energy IPO Timetable
| IPO Opening date | 09 September 2024 |
| IPO Closing | 11 September 2024 |
| Basis of Allotment | 12 September 2024 |
| Initiation Refund | 13 September 2024 |
| Credit to Demat Account | 13 September 2024 |
| Listing Date | 16 September 2024 |
Shubhshree Biofuels Energy IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹16.56 Cr – 1,392,000 shares |
| Fresh Issue | ₹16.56 Cr – 1,392,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Price Band | ₹113 to ₹119 per share |
| Lot size | 1200 Shares |
| Market Maker portion | 72,000 shares |
| Shareholding pre-issue | 3,850,000 |
| Shareholding post-issue | 5,242,000 |
| Listing Exchange | NSE SME |
Shubhshree Biofuels Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2,400 | ₹285,600 |
Shubhshree Biofuels Energy Offer Documents
Shubhshree Biofuels Energy IPO Reservation Details
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| NII (HNI) Shares Offered | Not more than 15.00% of the Net offer |
| Retail Shares Offered | Not more than 35.00% of the Net offer |
Shubhshree Biofuels Energy Financial Performance
| FY 2022 | FY 2023 | FY 2024 | |
| Revenue | 7.92 | 58.62 | 94.15 |
| Expenses | 7.60 | 56.47 | 90.27 |
| Net income | 0.27 | 2.42 | 3.30 |
Shubhshree Biofuels Energy Valuations & Margins
| FY 2022 | FY 2023 | FY 2024 | |
| EPS | 0.72 | 6.34 | 8.60 |
| PE ratio | – | – | 13.14 – 13.84 |
| RONW (%) | 194.54 | 94.50 | 46.36 |
| NAV | 0.37 | 6.71 | 18.56 |
| ROCE (%) | 50.71 | 94.45 | 61.67 |
| EBITDA (%) | 4.32 | 3.85 | 4.42 |
| Debt/Equity | 3.46 | 0.36 | 0.09 |
Company Promoters
- Anurag Agarwal
- Astha Agarwal
- Sagar Agrawal
- Upasna Srivastava Dattani
Promoter Holding
| Pre Issue Share Holding | 100% |
| Post Issue Share Holding | 73.45% |
Shubhshree Biofuels Energy Offer GMP Update
Coming Soon
Shubhshree Biofuels Energy IPO Subscription Update
Coming Soon
Shubhshree Biofuels Energy IPO Allotment Status
Shubhshree Biofuels IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Shubhshree Biofuels Energy IPO Listing Details
| Listing Date | 16 September 2024 |
| BSE Scrip Code | Coming Soon |
| NSE Symbol | |
| ISIN | |
| Final Issue Price |
Listing Day Update
| Listing Exchange | NSE SME |
| Final Issue Price | Coming Soon |
| Open | |
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Shubhshree Biofuels Energy IPO Lead Manager(s)
HEM SECURITIES LIMITED
904, A wing, 9 Floor, Naman Midtown,
Senapati Bapat Marg, Elphinstone Road,
Lower Parel, Mumbai 400 013.
Phone: +91- 22- 4906 0000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Shubhshree Biofuels Energy Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali Caves Road, Andheri
(East), Mumbai – 400 093, Maharashtra
Phone: 022 – 6263 8200
E-mail: ipo@bigshareonline.com
Website: www.bigshareonline.com
Shubhshree Biofuels Energy Contact Details
SHUBHSHREE BIOFUELS ENERGY LIMITED
Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg,
Nirman Nagar, Shyam Nagar, Jaipur, Rajasthan, 302019
Phone: +91 9799998880
E-mail: shubhshree@biomassfuel.co.in
Website: www.shubhshreebiofuels.co.in
Shubhshree Biofuels Energy IPO FAQs
What is the Shubhshree Biofuels offer size?
Shubhshree Biofuels Energy IPO size is ₹ 15.73 – 16.56 crores.
What is the Shubhshree Biofuels Energy Offer price band?
Shubhshree Biofuels Energy’s public offer price is INR 113 – 119 per share.
What is the lot size of the Shubhshree Biofuels IPO?
Shubhshree Biofuels offers a lot size is 1,200 shares.
What is Shubhshree Biofuels IPO GMP today?
Shubhshree Biofuels IPO GMP today is ₹ NA per share.
What is the Shubhshree Biofuels kostak rate today?
Shubhshree Biofuels kostak rate today is ₹ NA per application.
What is Shubhshree Biofuels Subject to the Sauda rate today?
Shubhshree Biofuels is Subject to the Sauda rate today is ₹ NA per application.
Final thoughts
Shubhshree Biofuels Energy IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. Study the company well and subscribe if you feel good about it. I hope this post will give you enough details to research the company fundamentally. learn well and make wise decisions.
Happy Investing
