Shubhshree Biofuels Energy Limited IPO

NiftyTrader • September 9, 2024

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Shubhshree Biofuels Energy Limited IPO

Shubhshree Biofuels Energy Limited IPO opens on September 9, 2024, and closes on September 11, 2024. The allotment for the Shubhshree Biofuels Energy Limited IPO is anticipated to be completed on Thursday, September 12, 2024. The IPO will be tentatively listed on the NSE and SME on Monday, September 16, 2024.

Shubhshree Biofuels Energy Limited IPO’s price band is Rs 113 to Rs 119 per share. The IPO is a book-built issue of Rs 16.56 crores. The issue is entirely a fresh issue of 13.92 lakh shares.

Shubhshree Biofuels Energy IPO Details

IPO Date	September 9, 2024 to September 11, 2024
Listing Date	[.]
Face Value	₹10 per share
Price	₹113 to ₹119 per share
Lot Size	1200 Shares
Total Issue Size	1,392,000 shares (aggregating up to ₹16.56 Cr)
Fresh Issue	1,392,000 shares (aggregating up to ₹16.56 Cr)
Issue Type	Book Built Issue IPO
Listing At	NSE SME
Shareholding pre-issue	3,850,000
Shareholding post-issue	5,242,000
Market Maker portion	72,000 shares

Shubhshree Biofuels Energy IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application	Lots	Shares	Amount
Retail (Min)	1	1200	₹142,800
Retail (Max)	1	1200	₹142,800
S-HNI (Min)	2	2400	₹285,600

Shubhshree Biofuels Energy IPO Objectives

The company intends to utilize the proceeds of the Issue to meet the following objectives:

To Meet Working Capital Requirement.
Funding Capital Expenditure towards the installation of additional plant and machinery;
To meet the General Corporate Purposes; and

About Shubhshree Biofuels Energy Limited

Shubhshree Biofuels Energy Limited, founded in 2013, specializes in supplying biomass fuels like pellets and briquettes to sectors such as recycling, textiles, pharmaceuticals, and metals. The company operates three briquetting and pelleting machines with a total capacity of 132 tonnes per day—one machine is owned, and two are leased. From October 2023 to February 2024, Shubhshree produced 12,090 tonnes of biomass fuels from a total sales volume of 50,600 tonnes, making up about 23.8% of their sales. The company primarily serves customers in northern India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, Shubhshree employs 26 people.

Shubhshree Biofuels Energy Limited Financial Information

Shubhshree Biofuels Energy Limited’s revenue increased by 59% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,396.84	593.12	185.61
Revenue	9,488.32	5,971.24	791.83
Profit After Tax	329.77	242.38	27.46
Net Worth	711.27	256.5	14.12
Reserves and Surplus	326.27	255.5	13.12
Total Borrowing	60.66	91.06	48.82
			Amount in ₹ Lakhs

Shubhshree Biofuels Energy IPO Reservation

Shubhshree Biofuels Energy IPO offers 13,61,900 shares. 2,33,900 (17.17%) to QIB, 1,99,200 (14.63%) to NII, 4,63,200 (34.01%) to RII, and 3,93,600 (28.9%) to Anchor investors.

Investor Category	Shares Offered
Anchor Investor Shares Offered	3,93,600 (28.9%)
Market Maker Shares Offered	72,000 (5.29%)
QIB Shares Offered	2,33,900 (17.17%)
NII (HNI) Shares Offered	1,99,200 (14.63%)
Retail Shares Offered	4,63,200 (34.01%)
Total Shares Offered	13,61,900 (100%)

Shubhshree Biofuels Energy IPO Timeline

Shubhshree Biofuels Energy IPO opens on September 9, 2024, and closes on September 11, 2024.

IPO Open Date	Monday, September 9, 2024
IPO Close Date	Wednesday, September 11, 2024
Basis of Allotment	Thursday, September 12, 2024
Initiation of Refunds	Friday, September 13, 2024
A credit of Shares to Demat	Friday, September 13, 2024
Listing Date	Monday, September 16, 2024
Cut-off time for UPI mandate confirmation	5 PM on September 11, 2024