Shubhshree Biofuels Energy Limited IPO Message Board (Page 2)

NO GMP SHOWING ON OTHER SITES, EXPERTS PLEASE SUGGEST IS ANY ACTIVITY OR BUYER IN GREY MARKET ?

Since there is a cash crunch, this is the only one I can apply for. Apart from the 2 Mainboards that is.

Out of the 4 SMEs closing today.

Another HEM issue. Decent record. Anchors are minimal but given the size its unusual to have QIB and Anchors.

Co. uses agro scrap to deal in biomass, in turn into biofuel. Mostly trading of biofuel but recently they have procured machinery from various sources (buy and rent as well) to manufacture on their own, around 22% revenue share from manufacturing, started in Oct 23. Clientele served have some good names like Patanjali, Sun Pharma, Bicano, Lupin, Nissin. But other than those, client concentration is high with single customer contributing around 40% revenues. Promoter group is such that a group of like minded people coming together to make something work out.

Current capacity utilisation is around 70% and for which IPO proceeds are being used 2.12 cr which increases capacity by 3.5x roughly (132 tonnes per day currently to 462 tonnes per day after expansion). Results should be visible by year end for the new capex. 9 cr is being used for Working capital which project revenues near 145 cr, in line with 50% recent increase YoY. PAT margins are near 4% at 22% manufacturing levels, so if the increase in revenue comes more from the manufacturing part, margins improve and so does the overall outlook. One pharma order around 1600 tonnes and one from power sector for 14800 tonnes (co-generation guideline mandatory for power sectors) has been received

Priced near 18 P/E, company has no listed peer as mentioned. An out and out peer can be India Glycol which has recently started showing bio-fuel as separate revenue item with 250 cr revenue in Q1 FY25 and trades near 22 P/E with around 8% PAT margins.

Shubhshree has ethanol sector as part of their biomass production that they can enter to but that comes with its own pros and cons but no hints from mgmt yet. So scope is there but since the scale of operations is low and there is no entry barriers Shubhshree will have a hard time scaling up until manufacturing ramps up

Small issue size, QIB, Anchors will make allotment difficult but in essence gets easy to swing it on either side. If someone can play this, its one for the short term but nothing as of now for long term.

Bought few lots yesterday!
Company is looking good👍
Sector is picking up pace !
Financial growth is very good!
But company needs to perform in future to capture big portion of mkt size.

Will keep an eye on H1 results👍

Not an investment reco.

Big UC today✅🔥

Shubhshree anchor allocation

Shubhshree Biofuels Energy Limited was established in 2013. This is mentioned here. Where as the company website says the company established in Jan 2021. Which one is correct? Why the company financials show results up to March 2024? Why only up tp Sept 2023? How the company started making profit from day one?
Some such queries came up while checking about the company? Who will answer?

Jaipur m koi nhi janta is compnay ko