Bookbuilding IPO | ₹17 Cr | Listed at NSE SME | Mon, Sep 9, 2024 - Wed, Sep 11, 2024
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 per share. The lot size for an application is 1,200. The minimum amount of investment required by an retail is ₹1,42,800 (1200 shares) (based on upper price). The minimum lot size for investment in 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 Open
Mon, Sep 9, 2024
IPO Close
Wed, Sep 11, 2024
Issue Price
₹119 per share
Market Cap (Pre-IPO)
₹62.38 Cr
| IPO Date | 9 to 11 Sep, 2024 |
| Listed on | Mon, Sep 16, 2024 |
| Face Value | ₹10 per share |
| Price Band | ₹113 to ₹119 |
| Issue Price | ₹119 per share |
| Lot Size | 1,200 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 13,92,000 shares (agg. up to ₹17 Cr) |
| Reserved for Market Maker | 72,000 shares Hem Finlease Pvt.Ltd. (agg. up to ₹0.8568 Cr) |
| Fresh Issue (Ex Market Maker) | 13,20,000 shares (agg. up to ₹16 Cr) |
| Net Offered to Public | 13,20,000 shares (agg. up to ₹16 Cr) |
| Share Holding Pre Issue | 38,50,000 shares |
| Share Holding Post Issue | 52,42,000 shares |
| NSE Symbol | SHUBHSHREE |
| ISIN | INE0UL701015 |
Shubhshree Biofuels Energy IPO comprises a total issue size of 13,92,000 shares. The net offer to the public is 13,20,000 shares, after excluding 72,000 shares allotted on a firm basis. Of the Net offer 6,57,600 (49.82%) are allocated to QIB, 1,99,200 (15.09%) allocated to NII 4,63,200 (35.09%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 6,57,600 | 49.82% | 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 | 15.09% | 14.31% |
| Retail Shares Offered | 4,63,200 | 35.09% | 33.28% |
| Firm Reservations | |||
| Market Maker Shares Offered | 72,000 | 5.17% | |
| Total Shares Offered | 13,92,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 1,200 shares and in multiples thereof.
| 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 |
Shubhshree Biofuels Energy IPO raises ₹4.68 crore from anchor investors. Shubhshree Biofuels Energy IPO Anchor bid date is September 6, 2024.
📝 Anchor Investors Letter (PDF)
| Bid Date | Fri, Sep 6, 2024 |
| Shares Offered | 3,93,600 |
| Anchor Portion (₹ Cr.) | 4.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sat, Oct 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Wed, Dec 11, 2024 |
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.
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 13.97 | 5.93 | 1.86 |
| Total Income | 94.88 | 59.71 | 7.92 |
| Profit After Tax | 3.30 | 2.42 | 0.27 |
| NET Worth | 7.11 | 2.57 | 0.14 |
| Reserves and Surplus | 3.26 | 2.56 | 0.13 |
| Total Borrowing | 0.61 | 0.91 | 0.49 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery | 2.13 |
| 2 | To meet working capital requirements | 9.00 |
| 3 | General Corporate Purpose | 3.59 |
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt/Equity | 0.09 |
| RoNW | 46.36% |
| PAT Margin | 3.50% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 8.57 | 6.29 |
| P/E (x) | 13.89 | 18.92 |
| Promoter Holding | 100% | 73.45% |
| Market Cap | ₹62.38 Cr. |
The Shubhshree Biofuels Energy IPO is subscribed 132.89 times on September 11, 2024 6:20:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 31.32 | 2,33,900 | 73,26,000 |
| NII* | 245.74 | 1,99,200 | 4,89,51,600 |
| Retail | 135.65 | 4,63,200 | 6,28,33,200 |
| Total | 132.89 | 8,96,300 | 11,91,10,800 |
Total Application : 52,361
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Manger Fees including Underwriting fees | 0.39 |
| 2 | Fees Payable to Registrar to the Issue | 0.01 |
| 3 | Fees Payable for Advertising and Publishing Expenses | 0.06 |
| 4 | Fees Payable to Regulators including Stock Exchange | 0.06 |
| 5 | Payment for Printing & Stationery, Postage, etc. | 0.03 |
| 6 | Fees Payable to Auditor, Legal Advisors and other Professionals | 0.05 |
| 7 | Others (Fees payable for Marketing & distribution expenses, Selling Commission, Brokerage, Processing Fees*, Uploading fees and Miscellaneous Expenses) | 1.26 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹119.00 |
| Open | ₹189.00 |
| Low | ₹179.55 |
| High | ₹198.45 |
| Last Trade | ₹198.45 |
Lead Manager Reports
Shubhshree Biofuels Energy IPO is a SME IPO of 13,92,000 equity shares of the face value of ₹10 aggregating up to ₹17 Crores. The issue is priced at ₹119 per share. The minimum order quantity is 1200.
The IPO opens on Mon, Sep 9, 2024, and closes on Wed, Sep 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 Mon, Sep 9, 2024 and closes on Wed, Sep 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 Fri, Sep 13, 2024. Check the Shubhshree Biofuels Energy IPO allotment status.
The Shubhshree Biofuels Energy IPO listing date is on Mon, Sep 16, 2024.
