The Shubhshree Biofuels Energy IPO is set to open on September 9, 2024, and will close on September 11, 2024. Notably, this is a Book Built Issue, with the company aiming to raise approximately ₹16.56 crores. Specifically, the IPO comprises a fresh issue of ₹16.56 crores, along with an offer for the sale of up to [.] equity shares, each having a face value of ₹10.
Table of contents
- Shubhshree Biofuels Energy IPO Overview
- Company Details
- Key Dates
- Financials (₹ in Crores)
- IPO Lot Size
- The objective of the Issue
- Company Promoters
- Shubhshree Biofuels Energy IPO GMP (Grey Market Premium)
- Shubhshree Biofuels Energy IPO Application Form PDF
- Shubhshree Biofuels Energy IPO Subscription Status
- Shubhshree Biofuels Energy IPO Allotment Status
- IPO Review
- Shubhshree Biofuels Energy IPO Registrar
- Shubhshree Biofuels Energy IPO Lead Manager
- Shubhshree Biofuels Energy Limited Contact
- FAQs
Shubhshree Biofuels Energy IPO Overview
| Overview Points | Description |
|---|---|
| Company Name | Shubhshree Biofuels Energy Limited |
| Industry | Biomass Fuel |
| IPO Issue Type | Book Built Issue |
| Open Date | September 09, 2024 |
| Close Date | September 11, 2024 |
| Total Issue Size | ₹16.56 Crores(1,392,000 Equity Shares) |
| Face Value | ₹10 Per Equity Share |
| Fresh Issue | ₹16.56 Crores(1,392,000 Equity Shares) |
| Price Band | ₹113 to ₹119 per share |
| Listing on | NSE SME |
| Lot Size | 1200 Shares |
| Offer for Sale | N/A |
| Shares Offered to Retail | 35% |
| Shares Offered to QIB | 50% |
| Shares Offered to HNI | 15% |
Company Details
Since 2013, ShubhShree Biofuels Energy Ltd has been a key player in Biomass Supply Chain Management in India. Initially, the company focused on manufacturing building materials like fly ash bricks. However, it has since shifted its focus to supplying biomass fuels, including pellets and briquettes, which are used for commercial and industrial heating, cooking, and electricity generation.
Annually, ShubhShree Biofuels sells 1.2 lakh metric tons of biofuel, primarily in Northern India, including Uttar Pradesh, Haryana, Rajasthan, and the NCR region, which are its top revenue contributors.
Moreover, the company operates three briquetting and pelleting machines—one owned and two leased—with a combined capacity of 132 tonnes per day. From October 2023 to February 2024, ShubhShree produced 12,090 tonnes of biomass fuels, while its total sales volume was approximately 50,600 tonnes, with manufactured goods accounting for about 23.8% of this volume.
Furthermore, ShubhShree Biofuels Energy Ltd serves various sectors, including recycled materials, textile processing, pharmaceuticals, and metals, particularly in Northern India.
Key Dates
| Events | Date |
|---|---|
| IPO Open Date | September 09, 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 |
Financials (₹ in Crores)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | ₹13.96 | ₹5.93 | ₹1.85 |
| Revenue | ₹94.88 | ₹59.71 | ₹7.91 |
| Profit After Tax | ₹3.29 | ₹2.42 | ₹0.27 |
| Net Worth | ₹7.11 | ₹2.56 | ₹0.14 |
| Reserves and Surplus | ₹3.26 | ₹2.55 | ₹0.13 |
| Total Borrowing | ₹0.60 | ₹0.91 | ₹0.48 |
IPO Lot Size
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2,400 | ₹285,600 |
The objective of the Issue
- First, invest in the installation of additional plant and machinery.
- Next, supporting ongoing working capital needs.
- Finally, addressing general corporate purposes.
Company Promoters
- Mr. Anurag Agarwal
- Mrs. Astha Agarwal
- Mr. Sagar Agrawal
- Mrs. Upasna Srivastava Dattani
Shubhshree Biofuels Energy IPO GMP (Grey Market Premium)
Are you curious about the latest Grey Market Premium (GMP) for the Shubhshree Biofuels Energy IPO? Look no further! Visit our dedicated IPO GMP section where we keep you in the loop with daily updates on all IPOs, including Shubhshree Biofuels Energy Limited. Additionally, stay ahead of the game with real-time GMP insights that can help you make informed investment decisions. Whether you’re a seasoned investor or just getting started, our updates have got you covered!
Shubhshree Biofuels Energy IPO Application Form PDF
To download the Shubhshree Biofuels Energy IPO application form, simply check out the IPO Forms. Additionally, you can download the ASBA IPO Forms PDF.
Shubhshree Biofuels Energy IPO Subscription Status
This IPO subscription kicks off on September 9, 2024! Meanwhile, if you’re looking to stay updated with the latest subscription figures, head over to our IPO Subscription section for real-time data on all ongoing IPOs. Moreover, don’t miss out on the action—track the progress as it happens!
Shubhshree Biofuels Energy IPO Allotment Status
To check the Shubhshree Biofuels Energy IPO allotment status go to the IPO registrar website Bigshare Services or go to IPO Allotment.
To check allotment status. Firstly, follow the steps below:
- Firstly, go to the link given above.
- Secondly, select the company name.
- Then, enter your PAN Number, Beneficiary Number, Application Number, or CAF Number.
- Finally, submit the details to get the allotment status.
IPO Review
Strengths:
- To begin with, the company benefits from a strategic location advantage.
- In addition, it maintains a strong focus on customer-centric solutions.
- Furthermore, the company is committed to offering environmentally friendly products.
- Lastly, it is led by an experienced and skilled leadership and management team.
Risks:
- Firstly, the company’s past net losses may adversely affect its operations if profitability is not achieved.
- Additionally, as the biomass fuel industry is new, the company faces resistance from customers in switching from conventional fuels.
- Moreover, losing key clients or seeing a drop in their demand could significantly impact the company’s business and financial health.
- Furthermore, with most sales concentrated in Northern India, adverse developments in this region could harm revenue and performance.
- Finally, seasonal variations may cause fluctuations in the company’s operating results.
Shubhshree Biofuels Energy IPO 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 IPO Lead Manager
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 Limited Contact
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
FAQs
Firstly, Shubhshree Biofuels Energy’s IPO size ranges between ₹15.73 and 16.56 crores.
Next, the price band for Shubhshree Biofuels Energy’s public offer is set between ₹113 and ₹119 per share.
Additionally, the IPO lot size consists of 1,200 shares.
Moreover, Shubhshree Biofuels Energy’s IPO will open on September 09, 2024, and close on September 11, 2024.
Finally, the investors’ portion is allocated as follows: 50% for QIB, 15% for NII, and 35% for retail investors.
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