IPO

Shubhshree Biofuels Energy Limited IPO

NSE SME

Listed On: Sep 16, 2024 at ₹ 189.0

₹ 285600 /2400 Shares
*Min Investment

Check Allotment

09 Sep, 2024

Open Date

11 Sep, 2024

Close Date

12 Sep, 2024

Allotment Date

16 Sep, 2024

Listing Date
Shubhshree Biofuels Energy IPO Issue Details
  • Issue Price ₹113-119 per equity share
  • Face Value ₹10 Per Equity Share
  • Total Issue Size 13,92,000 shares(aggregating up to ₹16.56 crore)
  • Fresh Share 13,92,000 shares(aggregating up to ₹16.56 crore)
  • Listing at NSE SME
  • List Price 189.0
  • Listing Date 2024-09-16
  • Lead Manager Hem Securities Limited
  • Registrar Bigshare Services Pvt Ltd
Market Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Retail Investors and HNI in terms of shares and amount.

ApplicationLotsSharesAmount
Retail (min)11200₹1,42,800
Retail(max)11200₹1,42,800
NII (min) 22400₹2,85,600
Shubhshree Biofuels Energy IPO Reservation

Shubhshree Biofuels Energy IPO offers total 13,61,900 shares. Out of which 2,33,900 (17.17%) allocated to QIB, 1,99,200 (14.63%) allocated to NII,4,63,200 (34.01%) allocated to RII, NA (NA%) allocated to employees and 3,93,600 (28.9%) allocated to Anchor investors.

Investor CategoryShares OfferedMaximum Allottees
Anchor Investor Shares Offered3,93,600 (28.9%)
Market Maker Shares Offered72,000 (5.29%)
QIB Shares Offered2,33,900 (17.17%)
NII (HNI) Shares Offered1,99,200 (14.63%)
Retail Shares Offered4,63,200 (34.01%)
Total Shares Offered13,61,900 (100%)
Shubhshree Biofuels Energy IPO Documents
DRHP
RHP
Shubhshree Biofuels Energy IPO Details


Shubhshree Biofuels Energy Limited IPO is an SME IPO, priced at ₹113-119 per equity share. The equity shares have a face value of ₹10 Per Equity Share each and will be listed on the NSE SME platform. The IPO comprises a total issue of 13,92,000 equity shares, aggregating up to ₹16.56 crores..

The IPO bidding window is open from Sep 9, 2024 to Sep 11, 2024. The allotment is expected to be finalized on Sep 12, 2024, and the tentative listing date is Sep 16, 2024.

The minimum lot size for retail investors is 1200 shares, with a minimum investment of ₹1,42,800. For HNIs, the minimum application size is 2 lots , amounting to ₹ 2,85,600.

Hem Securities Limited is acting as the lead manager to the issue. The registrar of the IPO is Bigshare Services Pvt Ltd, and Hem Finlease Private Limited will act as the market maker for this issue.

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Shubhshree Biofuels Energy IPO Subscription Analysis And Details
Retail
135.65x
Total
132.89x
As onQIB / NIIRetailTotal
Shares Offered / Reserved233,900 / 199,200463,200896,300
Day 1 09-09-24 06:00 PM
0.00 / 1.39 x5.19 x2.99 x
Day 2 10-09-24 06:00 PM
4.47 / 6.36 x19.14 x12.47 x
Day 3 11-09-24 06:00 PM
31.32 / 246.10 x135.65 x132.89 x
Total No of Applications
52,361
Shubhshree Biofuels Energy Valuations
EPS Pre IPO ₹8.57/-
EPS Post IPO ₹6.29/-
P/E Pre IPO 13.89
P/E Post IPO 18.92
ROE 68.15%
ROCE 61.67%
Debt/Equity 0.09
RoNW 46.36%
PAT Margin 3.50
Shubhshree Biofuels Energy Company Financials
In Lakhs
In Lakh
31-Mar-2431-Mar-2331-Mar-22
Assets1,396.84593.12185.61
Revenue9,488.325,971.24791.83
Profit After Tax329.77242.3827.46
Net Worth711.27256.514.12
Reserves & Surplus326.27255.513.12
Total Borrowing60.6691.0648.82
About Shubhshree Biofuels Energy Company

Shubhshree Biofuels Energy Limited was founded in 2013 and offers biomass fuels in the form of biomass pellets and briquettes to customers involved in the recycling material, textile processing, pharmaceutical, metal, etc. industries.

Three briquetting and pelleting machines have been installed, one belonging to the company and the other two leased along with the premises with a combined capacity of 132 tonnes per day. Produces 12090 tonnes of biomass fuels in period from October, 2023 to February 2024. Total sales Volume around 50600 tonnes where manufactured goods Share amounts to around 23.8% of 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 of March 30, 2024, the company employed 26 people.

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Shubhshree Biofuels Energy - Promoter(s)

Anurag Agarwal

Astha Agarwal

Sagar Agrawal

Upasna Srivastava Dattani

Pre Issue Share Holding : 100%

Post Issue Share Holding : 73.45%

Shubhshree Biofuels Energy IPO - Issue Objectives
1

Funding Capital Expenditure towards the installation of additional plant and machinery

2

To meet working capital requirements

3

General Corporate Purpose.

Shubhshree Biofuels Energy IPO - Peers Comparison
Company NameEPS (Basic)EPS (Diluted)NAV (per share) (Rs)P/E (x)RoNW (%)P/BV RatioFinancial statements
Shubhshree Biofuels Energy Limited8.68.6N/A18.946.36N/ARestated Financial Statement for the year ended March 31, 2024

Notes:

  1. There are no listed companies in India engaged in a business similar to ours, so it is not possible to provide an industry comparison.
  2. NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as of March 31, 2024.
  3. RoNW has been computed as net profit after tax divided by closing net worth.
  4. Net worth has been computed as per Regulation 2(1)(hh) of SEBI (ICDR) Regulations, 2018.
Contact Details

Shubhshree Biofuels Energy

Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg, Nirman Nagar, Shyam Nagar (Jaipur), Jaipur - 302019

+91 9799998880

shubhshree@biomassfuel.co.in

http://www.shubhshreebiofuels.co.in/

Registrar Contact Details

Bigshare Services Pvt Ltd

+91-22-6263 8200

ipo@bigshareonline.com

https://ipo.bigshareonline.com/ipo_status.html