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 |
