The Shubhshree Biofuels Energy IPO is scheduled to open on September 9, 2024, and will close on September 11, 2024. This IPO follows a Book Built Issue structure, with a goal of raising around ₹16.56 crores. The issue includes a fresh issue worth ₹16.56 crores, along with an offer for sale of up to [.] equity shares, each having a face value of ₹10.
The price band for the IPO is set between ₹113 and ₹119 per share. The allocation is distributed as follows: 35% for retail investors, 50% for Qualified Institutional Buyers (QIBs), and 15% for High Net-Worth Individuals (HNIs). The allotment date is expected to be September 12, 2024, with the listing on the NSE set for September 16, 2024.
On the financial front, Shubhshree Biofuels Energy recorded a revenue of ₹59.71 crores in 2023, a notable increase from ₹7.92 crores in 2022. The company’s profit also rose to ₹2.42 crores in 2023, up from ₹0.27 crores in the previous year. Based on these strong financials, the IPO may appeal to investors with a long-term investment outlook.
Shubhshree Biofuels Energy IPO Objectives:
The proceeds from the Shubhshree Biofuels Energy IPO will be used for the following purposes:
Funding capital expenditure for the installation of additional plant and machinery.
Meeting working capital requirements.
General corporate purposes.
Shubhshree Biofuels Energy IPO Review (Apply or Not):
Review update: Coming soon.
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Shubhshree Biofuels Energy IPO Date & Price Band Details:
Stay tuned for more information.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹113 to ₹119 Per Share |
| Issue Size: | Approx ₹16.56 Crores |
| Fresh Issue: | Approx ₹16.56 Crores |
| Offer for Sale: | NA |
| Issue Type: | Book Built Issue |
| IPO Listing: | NSE SME |
| Retail Quota: | Not more than 35% |
| QIB Quota: | Not more than 50% |
| NII Quota: | Not more than 15% |
Shubhshree Biofuels Energy IPO Lot Size:
The minimum lot size for the Shubhshree Biofuels Energy IPO is 1,200 shares, with a required investment of ₹142,800
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 1200 | ₹ 1,42,800 |
| Retail Maximum | 1 | 1200 | ₹ 1,42,800 |
| HNI Minimum | 2 | 2,400 | ₹ 2,85,600 |
Shubhshree Biofuels Energy IPO Timeline:
The Shubhshree Biofuels Energy IPO will open on September 9 and close on September 11. The allotment of shares will be finalized on September 12, with the IPO listing scheduled for September 16.
| IPO Open Date: | September 9, 2024 |
| IPO Close Date: | September 11, 2024 |
| Basis of Allotment: | September 12, 2024 |
| Refunds: | September 13, 2024 |
| Credit to Demat Account: | September 13, 2024 |
| IPO Listing Date: | September 16, 2024 |
Shubhshree Biofuels Energy IPO GMP Update:
As of today, the Grey Market Premium (GMP) for the Shubhshree Biofuels Energy IPO has not yet been released. We provide daily updates on GMP, so check back soon for the latest information.
Promoters of Shubhshree Biofuels Energy:
The promoters of Shubhshree Biofuels Energy Ltd. are Anurag Agarwal, Astha Agarwal, Sagar Agrawal, and Upasna Srivastava Dattani.
About Shubhshree Biofuels Energy:
Founded in 2013, Shubhshree Biofuels Energy Ltd. has become a prominent player in India’s Biomass Supply Chain Management sector. Originally focused on producing construction materials like fly ash bricks, the company has since shifted to supplying biomass fuels such as pellets and briquettes. These fuels are used for industrial heating, cooking, and electricity generation.
Shubhshree Biofuels Energy sells approximately 1.2 lakh metric tons of biomass fuel annually, primarily in northern India, including Uttar Pradesh, Haryana, Rajasthan, and the NCR region, which contribute significantly to its revenue.
Shubhshree Biofuels Energy Financial Report:
In 2023, the company reported a revenue of ₹59.71 crores, a significant increase from ₹7.92 crores in 2022. Profits also rose, with the company reporting ₹2.42 crores in 2023, compared to ₹0.27 crores in 2022.
| Amount in crores | ||||
| Period Ended | Revenue | Expense | Profit After Tax | Assets |
| 2021 | ₹ 0.19 | ₹ 0.20 | ₹ 0.02 | ₹ 0.48 |
| 2022 | ₹ 7.92 | ₹ 7.60 | ₹ 0.27 | ₹ 1.86 |
| 2023 | ₹ 59.71 | ₹ 56.47 | ₹ 2.42 | ₹ 5.93 |
| Sep-23 | ₹ 43.86 | ₹ 42.03 | ₹ 1.37 | ₹ 8.60 |
Shubhshree Biofuels Energy IPO Valuation – FY2023
Explore the key valuation metrics for Shubhshree Biofuels Energy IPO, including details on Earnings Per Share (EPS), Price-to-Earnings (P/E) Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV).
| KPI | Values |
| ROE: | 179.13% |
| ROCE: | 94.45% |
| EBITDA Margin: | 3.85% |
| PAT Margin: | 4.14% |
| Debt to equity ratio: | 0.36 |
| Earning Per Share (EPS): | ₹6.30 (Basic) |
| Price/Earning P/E Ratio: | N/A |
| Return on Net Worth (RoNW): | 94.50% |
| Net Asset Value (NAV): | ₹ 10.21 |
Shubhshree Biofuels Energy IPO Registrar
- Bigshare Services Pvt Ltd
- Phone: +91-22-6263 8200
- Email: ipo@bigshareonline.com
- Website: https://ipo.bigshareonline.com/ipo_status.html
IPO Lead Managers aka Merchant Bankers
- Hem Securities Limited
Company Address
- Shubhshree Biofuels Energy Limited
- Plot No. 8 Ganesh Vihar B,
- Pandit T.N Mishra Marg, Nirman Nagar,
- Shyam Nagar (Jaipur), Jaipur – 302019
- Phone: +91 9799998880
- Email: shubhshree@biomassfuel.co.in
- Website: http://www.shubhshreebiofuels.co.in/
Shubhshree Biofuels Energy IPO FAQs
What is Shubhshree Biofuels Energy IPO?
Shubhshree Biofuels Energy is a main-board IPO, aiming to raise ₹16.56 crores. The issue is priced between ₹113 and ₹119 per equity share, and it will be listed on the NSE & SME platform.
When will the Shubhshree Biofuels Energy IPO open for subscription?
The IPO will open on September 9, 2024, for QIB, NII, and Retail Investors, and will close on September 11, 2024.
What is the investor allocation for Shubhshree Biofuels Energy IPO?
The allocation for Qualified Institutional Buyers (QIB) is 50%, Non-Institutional Investors (NII) is 15%, and Retail Investors is 35%.
How can I apply for the Shubhshree Biofuels Energy IPO?
You can apply through ASBA online via your bank account or through UPI using your stockbroker. Alternatively, you can apply offline by filling out a form with your stockbroker.
What is the issue size for Shubhshree Biofuels Energy IPO?
The total issue size is ₹16.56 crores.
What is the price band for Shubhshree Biofuels Energy IPO?
The price band is set between ₹113 and ₹119 per share.
What is the lot size for Shubhshree Biofuels Energy IPO?
The minimum bid is for 1,200 shares, requiring an investment of ₹142,800.
When is the allotment date for Shubhshree Biofuels Energy IPO?
The allotment date is set for September 12, 2024.
