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Shubhshree Biofuels Energy IPO is a book build issue of ₹16.56 crores. The issue is entirely a fresh issue of 0.14 crore shares of ₹16.56 crore.
Shubhshree Biofuels Energy IPO bidding started from Sep 9, 2024 and ended on Sep 11, 2024. The allotment for Shubhshree Biofuels Energy IPO was finalized on Sep 12, 2024. The shares got listed on NSE SME on Sep 16, 2024.
Shubhshree Biofuels Energy IPO price band is set at ₹119.00 per share . The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,35,600 (1200 shares). The minimum lot size investment for HNI is 2 lots (2,400 shares), amounting to ₹2,85,600.
Hem Securities Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Hem Finlease Pvt.Ltd..
Refer to Shubhshree Biofuels Energy IPO RHP for detailed Information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹113 to ₹119 per share |
| Issue Price Final | ₹119 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 13,92,000 shares (aggregating up to ₹16.56 Cr) |
| Reserved for Market Maker | 72,000 shares Hem Finlease Pvt.Ltd. (aggregating up to ₹0.8568 Cr) |
| Net Offered to Public | 13,20,000 shares (aggregating up to ₹15.71 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 38,50,000 shares |
| Share Holding Post Issue | 52,42,000 shares |
Shubhshree Biofuels Energy IPO offers total 13,92,000 shares. Out of which 6,57,600 (47.24%) allocated to QIB, 2,64,000 (18.97%) allocated to QIB, 1,99,200 (14.31%) allocated to NII, 4,63,200 (33.28%) allocated to RII and 3,93,600 (28.28%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 72,000 (5.17%) |
| QIB Shares Offered | 6,57,600 (47.24%) |
| − Anchor Investor Shares Offered | 3,93,600 (28.28%) |
| − QIB (Ex. Anchor) Shares Offered | 2,64,000 (18.97%) |
| NII (HNI) Shares Offered | 1,99,200 (14.31%) |
| Retail Shares Offered | 4,63,200 (33.28%) |
| Total Shares Offered | 13,92,000 (100.00%) |
Shubhshree Biofuels Energy IPO raises ₹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 | 3,93,600 |
| 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 | Mon, Sep 9, 2024 |
| IPO Close Date | Wed, Sep 11, 2024 |
| Tentative Allotment | Thu, Sep 12, 2024 |
| Initiation of Refunds | Fri, Sep 13, 2024 |
| Credit of Shares to Demat | Fri, Sep 13, 2024 |
| Tentative Listing Date | Mon, Sep 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on Wed, Sep 11, 2024 |
Investors can bid for a minimum of 1,200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹1,42,800 |
| Retail (Max) | 1 | 1,200 | ₹1,42,800 |
| HNI (Min) | 2 | 2,400 | ₹2,85,600 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹62.38 Cr.
KPI as of Sun, Mar 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt/Equity | 0.09 |
| RoNW | 46.36% |
| PAT Margin | 3.50% |
| 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...
| Listing Date | September 16, 2024 |
| BSE Script Code | |
| NSE Symbol | SHUBHSHREE |
| ISIN | INE0UL701015 |
| Final Issue Price | ₹119 per share |
| NSE Listing Group | ST (Trade to Trade) |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹119.00 |
| Open | ₹189.00 |
| Low | ₹179.55 |
| High | ₹198.45 |
| Last Trade | ₹198.45 |
Shubhshree Biofuels Energy Ltd.
Plot No. 8 Ganesh Vihar B,
Pandit T.N Mishra Marg, Nirman Nagar,
Shyam Nagar
Jaipur, Rajasthan, 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
Shubhshree Biofuels Energy IPO is a SME IPO of 13,92,000 equity shares of the face value of ₹10 aggregating up to ₹16.56 Crores. The issue is priced at ₹119 per share. The minimum order quantity is 1200.
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, and the minimum amount required for application is ₹1,42,800.
You can apply in Shubhshree Biofuels Energy IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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.
The Shubhshree Biofuels Energy IPO listing date is on Monday, September 16, 2024.
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