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Shubhshree Biofuels Energy 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 bidding started from September 9, 2024 and ended on September 11, 2024. The allotment for the Shubhshree Biofuels Energy IPO is expected to be finalized on Thursday, September 12, 2024. Shubhshree Biofuels Energy IPO will list on NSE SME with tentative listing date fixed as Monday, September 16, 2024.
Shubhshree Biofuels Energy IPO price band is set at ₹113 to ₹119 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹142,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹285,600.
Hem Securities Limited is the book running lead manager of the Shubhshree Biofuels Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shubhshree Biofuels Energy IPO is Hem Finlease.
Refer to Shubhshree Biofuels Energy IPO RHP for detailed information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price Band | ₹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 |
| Share holding pre issue | 3,850,000 |
| Share holding post issue | 5,242,000 |
| Market Maker portion | 72,000 shares Hem Finlease |
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 raises Rs 4.68 crore from anchor investors. Shubhshree Biofuels Energy IPO Anchor bid date is September 6, 2024. Shubhshree Biofuels Energy IPO Anchor Investors list
| Bid Date | September 6, 2024 |
| Shares Offered | 393,600 |
| Anchor Portion Size (In Cr.) | 4.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 11, 2024 |
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 |
| 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 |
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 |
| HNI (Min) | 2 | 2,400 | ₹285,600 |
| Lot Size Calculator | |||
Anurag Agarwal, Astha Agarwal, Sagar Agrawal and Upasna Srivastava Dattani are the promoters of the company.
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.45% |
Shubhshree Biofuels Energy Limited was established in 2013 and supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors.
The company has installed three briquetting and pelleting machines, one of which is owned by the company and the other two have been leased together with the premises, which have a combined capacity of 132 tonnes per day. In the period from October 2023 to February 2024, the company produced 12090 tonnes of biomass fuels, while the total sales volume was approximately 50600 tonnes and the share of manufactured goods accounted for approximately 23.8% of the total sales volume.
The company's customers are mainly from the northern states of India, especially Haryana, Uttar Pradesh, Rajasthan, and the NCR region.
As at March 30, 2024, the company employed 26 people.
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 | ||||||||||||||||||||||||||||||
The market capitalization of Shubhshree Biofuels Energy IPO is Rs 62.38 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt/Equity | 0.09 |
| RoNW | 46.36% |
| PAT Margin (%) | 3.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.57 | 6.29 |
| P/E (x) | 13.89 | 18.92 |
The company intends to utilize the proceeds of the Issue to meet the following objects:
[Dilip Davda] The company is engaged in the business of manufacturing & supplying of biomass fuels primarily in the northern region. It posted spectacular growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears fully priced. Post-IPO small equity base indicates longer gestation for migration to mainboard. Well-informed investors may park funds for long term. Read detail review...
The Shubhshree Biofuels Energy IPO is subscribed 132.89 times on September 11, 2024 6:20:00 PM. The public issue subscribed 135.65 times in the retail category, 31.32 times in the QIB category, and 245.74 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 31.32 |
| NII | 245.74 |
| Retail | 135.65 |
| Total | 132.89 |
Total Application : 52,361 (135.65 times)
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/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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Shubhshree Biofuels Energy IPO is a SME IPO of 1,392,000 equity shares of the face value of ₹10 aggregating up to ₹16.56 Crores. The issue is priced at ₹113 to ₹119 per share. The minimum order quantity is 1200 Shares.
The IPO opens on September 9, 2024, and closes on September 11, 2024.
Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shubhshree Biofuels Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Shubhshree Biofuels Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shubhshree Biofuels Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shubhshree Biofuels Energy IPO opens on September 9, 2024 and closes on September 11, 2024.
Shubhshree Biofuels Energy IPO lot size is 1200 Shares, and the minimum amount required is ₹142,800.
You can apply in Shubhshree Biofuels Energy IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Shubhshree Biofuels Energy IPO will be done on Thursday, September 12, 2024, and the allotted shares will be credited to your demat account by Friday, September 13, 2024. Check the Shubhshree Biofuels Energy IPO allotment status.
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