Shubhshree Biofuels Energy Limited IPO And Its GMP IPO Details
| Detail | Description |
|---|---|
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Price Band | ₹ 113 to ₹ 119 per share |
| Lot Size | 1,200 Shares |
| Total Issue Size | 13,92,000 shares (aggregating up to ₹ 16.56 Cr) |
| Fresh Issue | 13,92,000 shares (aggregating up to ₹ 16.56 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Shareholding pre issue | 38,50,000 |
| Share holding post issue | 52,42,000 |
| Market Maker portion | 72,000 shares Hem Finlease |
About Shubhshree Biofuels Energy Limited IPO And Its GMP
Shubhshree Biofuels Energy Limited is engaged in the business of 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. They are currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal etc. Book Running Lead Manager: ● Hem Securities Limited Registrar: ● Bigshare Services Pvt Ltd Market Maker: ● Hem Finlease
Shubhshree Biofuels Energy Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
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.
Objectives of Shubhshree Biofuels Energy IPO
The company intends to utilize the proceeds of the Issue to meet the following objectives:
- 1. Funding Capital Expenditure towards the installation of additional plant and machinery.
- 2. To meet working capital requirements.
- 3. General Corporate Purpose.
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Shubhshree Biofuels Energy IPO Review
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.
Shubhshree Biofuels Energy Limited IPO And Its GMP Financial Information
Latest Revenue
4,386.21
₹ Crore
Profit After Tax
136.61
₹ Crore
Net Worth
393.11
₹ Crore
Total Borrowing
148.72
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Total Borrowing | ||||
|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 859.88 | 4,386.21 | 136.61 | 393.11 | 148.72 | ||||
| 31 Mar 2023 | 593.12 | 5,971.24 | 242.38 | 256.5 | 91.06 | ||||
| 31 Mar 2022 | 185.61 | 791.83 | 27.46 | 14.12 | 48.82 | ||||
| 31 Mar 2021 | 47.67 | 18.5 | -1.97 | -13.35 | 49.82 | ||||
| Amount in ₹ Crore | |||||||||
IPO Estimated Listing Return
Based on the IPO Price of ₹119 (highest price band), the latest uploaded Grey Market Premium (GMP) of ₹75 and a lot size of 1200 shares.
Shubhshree Biofuels Energy Limited IPO And Its GMP GMP TREND (DAILY UPDATES)
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-16 | ₹119 | ₹75.0 (63%) | 2024-09-16 |
Shubhshree Biofuels Energy Limited IPO And Its GMP Key Performance Indicator
| KPI | Values |
|---|---|
| - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.3 | 5.21 |
| P/E (x) | 18.9 | 22.83 |
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Competitive Strengths
Shubhshree Biofuels Energy Limited IPO And Its GMP IPO Timeline
| IPO Open Date | Monday, September 9, 2024 |
| IPO Close Date | Wednesday, September 11, 2024 |
| Basis of Allotment | Thursday, September 12, 2024 |
| Initiation of Refunds | Friday, September 13, 2024 |
| Credit of Shares to Demat | Friday, September 13, 2024 |
| Listing Date | Monday, September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM on September 11, 2024 |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2400 | ₹285,600 |