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Shubhshree Biofuels Energy IPO Dates, Price Band, Rating, Analysis, and Allotment Details 2024

Shubhshree Biofuels Energy IPO

#1. Quick Intro to Shubhshree Biofuels Energy IPO

The initial public offering (IPO) of Shubhshree Biofuels Energy will open for subscription on September 09 and close on September 11, comprising issues of Rs.16.56 crore. An investor can apply for the issue for a minimum of 1200 shares and the listing will happen on September 16, 2024.  

Shubhshree Biofuels Energy Limited (2013) is engaged in the business of manufacturing & supplying biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy that is used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste etc. The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. The company are currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal etc.

Check out the IPO allotment status on IPO Deliver.

#2. IPO Object of Shubhshree Biofuels Energy    

The company intends to use the IPO Funds for the following purposes: 

  1. Funding capital expenditure for plant and machinery 
  2. Funding the working capital requirement of the company.
  3. General corporate purposes and issue expenses. 

#3. Shubhshree Biofuels Energy Core Strengths 

  1. Eco-friendly products
  2. Customer-centric approach 
  3. Location Advantage
  4. Experienced promoter director with extensive knowledge. 

#4. Shubhshree Biofuels Energy IPO Review & Rating

Issue Size  Rs.16.56 crore
Issue Price  Rs.113-119 per share 
Minimum Lot Size 1200 Shares
Total Profit (Latest)  Rs.329.77 Lakhs
ROE (%) 68.15
RONW (%) 161.67
Listing on NSE (SME)
IPO Deliver Rating One

 

Click here for the previous SME IPO

#5. Shubhshree Biofuels Energy IPO Dates, Price Band & Details

Shubhshree Biofuels Energy IPO will open on September 09, 2024, and close on September 11, 2024. The IPO is to be listed on September 16, 2024.  

Type of issue Book Built issue IPO
Issue Size Rs.16.56 crore
Price Brand Rs.113-119 per share
Face Value Rs. 10/- per share
IPO Open Date September 09, 2024
IPO Close Date September 11, 2024
IPO Allotment Date September 12, 2024
Refund Date September 13, 2024
Share Credit Date September 13, 2024
Listing Date September 16, 2024

 

#6. Shubhshree Biofuels Energy IPO Offer Details

Shubhshree Biofuels Energy IPO’s total issue size is 13,92,000 shares, comprising the below-mentioned categories. 

Offer Category Shares Offer Amount (Crore)
Fresh Issue 13,92,000       Rs.16.56
Offer for Sale (OFS)

 

#7. Shubhshree Biofuels Energy Financials Overview (Lakhs)

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022.

Category (Rs.) March 2024 March 2023 March 2022
Total Revenue 9488.32 5971.24 791.83
Net Worth 711.27 256.5 14.12
Profit 329.77 242.38 27.46
Total Borrowings 60.66 91.06 48.82

 

#8. Shubhshree Biofuels Energy Quantitative Factors 

The following table sets forth the summary of financial information of the company for the period March 31, 2024, March 31, 2023 and March 31, 2022. 

Category March 2024 March 2023 March 2022
EPS (Rs.) 8.60 6.34 0.72
RoNW (%) 46.36 94.50 194.54
NAV (Rs.) 18.56 6.71 0.37

 

#9. Shubhshree Biofuels Energy Comparison with Other Peer Companies (Top 2)

No Listed companies in India are comparable in all aspects of the business. 

Company Names Total Revenue

(In Lakhs)

RoNW (%) NAV

 

#10. Shubhshree Biofuels Energy Company Promoters 

The company has four promoters as per the Draft Red Herring Prospectus (DRHP) and Red Herring Prospectus (RHP).(TOP-2)

Sr. No. Name of Promoters
01. Anurag Aggarwal
02. Aastha Aggarwal

 

#11. Shubhshree Biofuels Energy Pre-offer and Post-Offer Promoters Shareholding

Promoters Holding Percentage (%)
Pre-issue  100.00
Post-issue 73.45

 

#12. Shubhshree Biofuels Energy IPO Reservation Details

Shubhshree Biofuels Energy IPO total reservation shares are distributed between the below-mentioned categories. 

Category Share Offered
QIB/others Shares Offered Not more than 50% of the Net Offer
Retail Shares Offered Not less than 35% of the Net Offer
NII Shares Offered Not less than 15% of the Net Offer

 

#13. Shubhshree Biofuels Energy IPO – Lot Size

An investor can apply for a minimum of 1200 Shares in multiple thereof. Market lot sizes for the retail individual investors and non-institutional investor (NII)/ HNI investors are as follows:

Application Lot Size No. of Shares Amount (Rs.)
Retail (Min.) 1 1200 1,42,800
Retail (Max.) 1 1200 1,42,800
HNI (Min.) 2 2400 2,85,600

 

#14. Shubhshree Biofuels Energy IPO – Prospectus Copy

An investor can download/view the Shubhshree Biofuels Energy prospectus copy, which the company filed to exchange, details are as follows. 

Shubhshree Biofuels Energy IPO Prospectus
Draft Red Herring Prospectus (DRHP)
Red Herring Prospectus (RHP)

 

#15. Shubhshree Biofuels Energy IPO Registrar 

Bigshare Services Limited 

Website: www.bigshareonline.com

#16. Shubhshree Biofuels Energy IPO Lead Managers

HEM Securities Limited 

Website: www.hemsecuritites.com

#17. Shubhshree Biofuels Energy IPO Application (How to Apply for an IPO)

There are three primary options for applying for a Shubhshree Biofuels Energy IPO, details are as follows: 

Option-1 Apply for IPO through Internet Banking

Step-1. Log into your bank account.

Step-2. In the invest Tab, you will see ASBA, click on it.

Step-3. Choose to apply for IPO and select the ongoing IPO “Shubhshree Biofuels Energy Limited”

Step-4. Enter the basic details like bid quantity, price, PAN, etc. then proceed with payment. 

Step-5. After the above steps, the respective amount will get blocked until the allotment date, and after that, it will get a refund/debited in case of rejection/allotment respectively. 

Option-2 Apply for IPO through a Broker firm

Step-1. Log into your broker account (e.g. Upstox/Zerodha etc.)

Step-2. Click on the IPO tab and select the ongoing IPO “Shubhshree Biofuels Energy Limited”

Step-3. Enter the basic details like bid quantity, price, PAN, etc. then enter UPI ID and proceed with payment.

Step-4. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your account or refunded if no allotment is made to you. 

Option-3 Apply for IPO Offline Mode Bank mode

Step-1. Visit the nearest branch of your bank.

Step-2. Fill out the ASBA form and submit it with KYC details. 

Step-3. Your funds will get blocked, and once shares have been allotted to you, the respective amount will be debited from your bank account or refunded if no allotment is made to you. 

#18. Shubhshree Biofuels Energy Company Details

Shubhshree Biofuels Energy Limited 

Registered Office: Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg, Nirman Nagar, Shyam Nagar (Jaipur), Jaipur, Rajasthan, India, 302019.

Email: subhsshree@biomassfuel.co.in

Website: www.biomassfuel.co.in

#19. Shubhshree Biofuels Energy Subsidiary Companies (Top 2)

Sr.No. Name of Companies (Indian)
01.
02.

 

#20. Shubhshree Biofuels Energy Company Board (Top 2)

Sr. No. Name of Directors
01. Anurag Aggarwal
02. Aastha Aggarwal

 

Shubhshree Biofuels Energy IPO – Frequently Asked Questions (FAQs)

#1. What is a Shubhshree Biofuels Energy IPO?

Shubhshree Biofuels Energy brings its IPO of Rs.16.56 crore, on September 09, 2024, with a price band of Rs.113-119 per share.

 

#2. What is the Shubhshree Biofuels Energy IPO Open date?

Shubhshree Biofuels Energy IPO’s opening date is September 09, 2024.

 

#3. What is the Shubhshree Biofuels Energy IPO Close Date?

Shubhshree Biofuels Energy IPO’s closing date is September 11, 2024.

 

#4. What is the Shubhshree Biofuels Energy IPO Listing date?

Shubhshree Biofuels Energy’s IPO listing date is September 16, 2024.

 

#5. What is the Shubhshree Biofuels Energy IPO Minimum investment amount?

Shubhshree Biofuels Energy IPO’s minimum investment amount is Rs.1,42,800.

 

#6. What is the Shubhshree Biofuels Energy IPO offer issue Size?

Shubhshree Biofuels Energy offers an issue size of Rs.16.56 crore.

 

#7. What is the Shubhshree Biofuels Energy IPO Price Band?

Shubhshree Biofuels Energy’s IPO price band is Rs.113-119 per share.

 

#8. Is Shubhshree Biofuels Energy IPO mainboard IPO or SME IPO?

Shubhshree Biofuels Energy IPO is an SME IPO.

 

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