Shubhshree Biofuels Energy Limited IPO Details
SME
Shubhshree Biofuels Energy IPO opens for subscription on 09 Sep 2024 and closes on 11 Sep 2024. The IPO will be listed on NSE with the tentative listing date set for 16 Sep 2024.
Shubhshree Biofuels Energy IPO price band has been fixed at ₹113 – ₹119 per share.The face value is ₹10 per share with a lot size of 1200.
Shubhshree Biofuels Energy IPO total issue size comprises 13,92,000 shares (aggregating up to ₹16.56 Cr). This includes a fresh issue of 13,92,000 shares (aggregating up to ₹16.56 Cr). Pre-issue shareholding stands at 38,50,000, which will increase to 52,42,000 post-issue.
Shubhshree Biofuels Energy IPO carries a ₹75 (63.0%) GMP, reflecting investor sentiment.
Shubhshree Biofuels Energy IPO Lot Size : Retain Minimum is 1 lot (1,200 shares) amounting to ₹142,800. Retain Maximum is 1 lot (1,200 shares) amounting to ₹142,800. SHNI Minimum is 2 lots (2,400 shares) amounting to ₹285,600.
The Lead Managers for Shubhshree Biofuels Energy IPO are crucial for the offering's success. They are responsible for a wide range of tasks, including preparing the company for the public market, managing the regulatory filings, and marketing the IPO to potential investors. The lead manager for this offering is Hem Securities Limited. To assess their past performance and success in previous IPOs, you can view the Lead Manager Performance Summary report.
For SME (Small and Medium-sized Enterprise) IPOs, a Market Maker is appointed to ensure liquidity and stability for the stock once it is listed. They do this by continuously quoting bid and ask prices, ensuring there is a market for the shares. The appointed market maker for this IPO is Hem Finlease. You can analyze their track record by checking the Market Maker Performance Summary report.
For detailed information, Refer to the Shubhshree Biofuels Energy Limited RHP.
Shubhshree Biofuels Energy IPO Details
Shubhshree Biofuels Energy IPO Subscription
Shubhshree Biofuels Energy IPO Application Wise Breakup
Shubhshree Biofuels Energy IPO Dates
- 09 Sep 2024Opening dateOPD
- 11 Sep 2024Closing dateCOD
- 12 Sep 2024Allotment Date BOA
- 13 Sep 2024Initiation of RefundsIOR
- 13 Sep 2024Credit of SharesCOS
- 16 Sep 2024Listing dateLID
Shubhshree Biofuels Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retain Minimum | 1 | 1200 | ₹142,800 |
| Retain Maximum | 1 | 1200 | ₹142,800 |
| SHNI Minimum | 2 | 2400 | ₹285,600 |
| SHNI Maximum | 0 | 0 | ₹ |
| BHNI Minimum | 0 | 0 | ₹ |
Shubhshree Biofuels Energy IPO Reservation
Promoter Holding
Shubhshree Biofuels Energy IPO Valuations
Shubhshree Biofuels Energy Financial Information
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 | ||||||||||||||||||||||||||||||
About Shubhshree Biofuels Energy IPO
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.
Strength Of Shubhshree Biofuels Energy IPO
1. Location Advantage.
2. Customer Centric Approach.
3. Eco- friendly product.
4. Experienced Promoter and Management team.
Risk Of Shubhshree Biofuels Energy IPO
1. The company has a history of net losses in past and any losses or its inability to achieve profitability may have an adverse effect on its operations.
2. The biomass fuel industry is a relatively new concept and is yet to have a defined market as compared to conventional fuels, on account of which the company has to face resistance from the potential customers to switch to biomass fuel.
3. The Company is engaged in the business of supplying of biomass fuels and has commenced manufacturing of pallets during last one year. The manufacturing activity may take stabilizing period and also the company does not have long term supply agreements with suppliers which may have an adverse effect on the business operations and profits of the company.
4. Significant portion of its revenue is generated from few of the company's key clients. The loss of any such key clients, significant reduction in the demand for its products from such clients or deterioration in their financial condition may adversely affect its business, financial condition, result of operations and cash flows.
5. The company generates almost entire of its sales from its operations in certain geographical regions especially Northern India and any adverse developments affecting its operations in these regions could have an adverse impact on its revenue and results of operations.
6. Its business is subject to seasonal variations that could result in fluctuations in its results of operations.
7. The company has a limited operating and financial history, which makes it difficult to evaluate its business and future operating results on the basis of its past performance.
8. The company in past failed to apply for certain regulatory licenses, registrations and approvals in respect of its business operations. Failures to obtain or maintain licenses, registrations, permits and approvals may severely affect its business and results of operations.
9. The company has not placed orders for the purchase of plant and machinery for which part of the funds are being raised through the Issue.
10. The company does not own the Registered office, other Offices and manufacturing facility from which the company carry out its business activities. Any termination or dispute in relation to these rental agreements may have an adverse effect on its business operations and results thereof.
Objectives Shubhshree Biofuels Energy IPO
- Funding Capital Expenditure towards the installation of additional plant and machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Company Contact Details
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/
Registrar Contact Details
Lead Mangers
Lead Manager Reports
Market Maker
Market Maker Reports
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