Shubhshree Biofuels Energy IPO: Date, Review, GMP Price & Allotment Details

IPO Date: 9 September - 11 September - 2024

Price: ₹119
Lot Size: 1200 Shares
Allotment Date: 12-Sept-2024
Listing Date: 16-Sept-2024
IPO Size: Approx ₹16.56 Crores

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.

Shubhshree Biofuels Energy IPO Objectives:

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

  1. Funding Capital Expenditure towards the installation of additional plant and machinery;
  2. To meet working capital requirements; and
  3. 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.

ApplicationLot SizeSharesAmount
Retail Minimum11200₹142,800
Retail Maximum11200₹142,800
HNI Minimum22,400₹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 EndedRevenueExpenseProfit After TaxAssets
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.

KPIValues
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

CompanyEPSPE RatioRoNW %NAVIncome
NANANANANANA

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.






IPO Date: 9 September - 11 September - 2024

Price: ₹119
Lot Size: 1200 Shares
Allotment Date: 12-Sept-2024
Listing Date: 16-Sept-2024
IPO Size: Approx ₹16.56 Crores

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