Shubhshree Biofuels Energy IPO Details: The Shubhshree Biofuels Energy IPO is set to open on September 9, 2024, and will close on September 11, 2024. This IPO follows the Book Built Issue format, aiming to raise approximately ₹16.56 crores. The offering consists of a fresh issue worth ₹16.56 crores and an offer for sale of up to [.] equity shares with a face value of ₹10 each.
The IPO price band is set between ₹113 and ₹119 per share. The allocation for retail investors is 35%, for Qualified Institutional Buyers (QIB) is 50%, and for High Net-worth Individuals (HNI) is 15%. The shares are expected to be listed on the NSE on September 16, 2024, with allotment expected on September 12, 2024.
Financially, Shubhshree Biofuels Energy reported a revenue of ₹59.71 crores in 2023, a significant increase from ₹7.92 crores in 2022. The company also posted a profit of ₹2.42 crores in 2023, compared to ₹0.27 crores in 2022. Given these financials, investors may consider applying for the IPO with a long-term perspective.
Table of Contents
ToggleShubhshree Biofuels Energy IPO Objectives:
The company intends to utilize the proceeds of the Issue to meet the following objects:
- Funding Capital Expenditure towards the installation of additional plant and machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Shubhshree Biofuels Energy IPO Review (Apply or Not)
- Update soon
Shubhshree Biofuels Energy IPO Date & Price Band Details:
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 market lot for the Shubhshree Biofuels Energy IPO is 1,200 shares, requiring an application amount of ₹142,800.
Application | Lot Size | Shares | Amount |
Retail Minimum | 1 | 1200 | ₹142,800 |
Retail Maximum | 1 | 1200 | ₹142,800 |
HNI Minimum | 2 | 2,400 | ₹285,600 |
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 Today:
GMP for Shubhshree Biofuels Energy SME IPO has not started yet. We are updating the GMP information on a daily basis. Please visit us again soon for the latest GMP updates.
Promoters of Shubhshree Biofuels Energy
The promoters of Shubhshree Biofuels Energy are Anurag Agarwal, Astha Agarwal, Sagar Agrawal, and Upasna Srivastava Dattani.
About Shubhshree Biofuels Energy
Founded in 2013, Shubhshree Biofuels Energy Ltd has established itself as a leading player in Biomass Supply Chain Management in India. The company originally focused on manufacturing and supplying building and construction materials, such as fly ash bricks.
However, it has since shifted its focus and now specializes in supplying biomass fuels, including biomass pellets and briquettes, which are used for commercial and industrial heating, cooking, and electricity generation. Shubhshree Biofuels Energy sells approximately 1.2 lakh metric tons of biofuel annually, with most of its products being sold in northern Indian states such as Uttar Pradesh, Haryana, Rajasthan, and the NCR region. These regions are the company’s largest revenue contributors.
Shubhshree Biofuels Energy Company Financial Report
The company reported revenue of ₹59.71 crores in 2023 against ₹7.92 crore in 2022. The company reported profit of ₹2.42 crores in 2023 against profit of ₹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 |
September 2023 | ₹43.86 | ₹42.03 | ₹1.37 | ₹8.60 |
Shubhshree Biofuels Energy IPO Valuation – FY2023
Check Shubhshree Biofuels Energy IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.
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 |
Peer Group Comparison
Company | EPS | PE Ratio | RoNW % | NAV | Income |
NA | NA | NA | NA | NA | NA |
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
1. What are the key dates for the Shubhshree Biofuels Energy IPO?
- IPO Open Date: September 9, 2024
- IPO Close Date: September 11, 2024
- Allotment Date: September 12, 2024
- Listing Date: September 16, 2024
2. What is the price band for the Shubhshree Biofuels Energy IPO?
The price band for the IPO is ₹113 to ₹119 per share.
3. How many shares can I apply for in the Shubhshree Biofuels Energy IPO?
The minimum market lot is 1,200 shares, which requires an application amount of ₹142,800.
4. What is the allocation percentage for different investor categories?
- Retail Investors: 35%
- Qualified Institutional Buyers (QIBs): 50%
- High Net-Worth Individuals (HNIs): 15%
5. What is the objective of the Shubhshree Biofuels Energy IPO?
The IPO aims to raise approximately ₹16.56 crores through a fresh issue and an offer for sale. The funds will be used for general corporate purposes.
6. Who are the promoters of Shubhshree Biofuels Energy?
The promoters are Anurag Agarwal, Astha Agarwal, Sagar Agrawal, and Upasna Srivastava Dattani.
7. What does Shubhshree Biofuels Energy specialize in?
Shubhshree Biofuels Energy specializes in the supply of biomass fuels, including biomass pellets and briquettes, used for commercial and industrial heating, cooking, and electricity generation.
8. Where does Shubhshree Biofuels Energy primarily sell its products?
The company primarily sells its products in northern Indian states such as Uttar Pradesh, Haryana, Rajasthan, and the NCR region, which are the highest contributors to its revenue.
9. What were the financial highlights of Shubhshree Biofuels Energy for the previous years?
In 2023, the company reported a revenue of ₹59.71 crores and a profit of ₹2.42 crores. This is a significant increase from 2022, when it reported revenue of ₹7.92 crores and a profit of ₹0.27 crores.
10. Should investors consider applying for the Shubhshree Biofuels Energy IPO?
Based on the company’s financial performance and growth trajectory, investors may consider applying for the IPO with a long-term investment perspective.