Shubhshree Biofuels Energy IPO: Things To Consider

• Shubhshree Biofuels Energy IPO is a book-built issue of Rs 16.56 crores.
• This upcoming IPO bidding opens on Sep 9 and closes on Sep 11, 2024.
• Shubhshree Biofuels Energy SME IPO price is set at Rs 119 per share.
• The minimum investment required is Rs 1,42,800.

Shubhshree Biofuels Energy IPO: Synopsis

Shubhshree Biofuels Energy IPO is open for subscription starting Monday, September 9, 2024, and closing on Wednesday, August 11, 2024. This upcoming IPO's price is Rs 119 per share. The minimum lot size set for the retail category is 1200 shares. Meanwhile, the minimum lot size for the HNI category is 2 lots consisting of 2400 shares. 

The minimum investment required for retail category investors is Rs 1,42,800 (119 x 1200 shares). However, for the HNI category, the minimum investment amount required is Rs 2,85,600 (119 x 2400 shares).

Shubhshree Biofuels Energy IPO is a book-built issue of Rs 16.56 crores. This upcoming IPO’s is a entirely a fresh issue of Rs 13.92 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, Sep 12, 2024. Shubhshree Biofuels Energy IPO will be listed on NSE SME on Monday, September 16, 2024. 

HEM Securities Limited is the book-running lead manager, Bigshare Services Private Limited is the registrar, and Hem Finlease is the market maker for this IPO.

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Shubhshree Biofuels Energy IPO: About the Company

Shubhshree Biofuels Energy Limited was founded in 2013, and supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal sectors. Shubhshree Biofuels 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. As per the latest information available  the company has a team of 26 people.

Shubhshree Biofuels Energy IPO: Objectives

The funds received from this IPO will be used for the capital expenditure toward the installation of additional plant and machinery. The remaining money will be used for meeting day-to-day capital requirements and fulfilling the general corporate purposes.

Shubhshree Biofuels Energy IPO: Other Important Details

Time-Table of Shubhshree Biofuels Energy IPO

Shubhshree Biofuels Energy IPO: Financial Metrics (Amt in Rs Lakhs)

Shubhshree Biofuels Energy posted revenue of Rs 9,488.32 lakhs and net profit of Rs 329.77 lakhs for the period ending on 31 Mar 2024. The company’s revenue increased by 59% and net profit increased by 36% between the FY ending on 31 Mar 2024 and 31 Mar 2023. 

Minimum Investment: Lot Size Details 

Promoters of Shubhshree Biofuels Energy Limited and Their Holdings

The promoters of Shubhshree Biofuels Energy are Anurag Agarwal, Astha Agarwal, Sagar Agrawal and Upasna Srivastava Dattani. The promoters' shareholdings before the IPO were 100%; however, after the IPO, shareholdings will decline to 73.45%.

Shubhshree Biofuels Energy: Strength of Company

1.     Shubhshree Biofuels Energy supplies biomass fuels, including biomass pellets and briquettes.

2.     The company's return on capital employed is 61.67%.

3.     Shubhshree Biofuels Energy's profit margin is at 3.5%.

FAQs

1. What are the details of the Shubhshree Biofuels Energy IPO?

Shubhshree Biofuels Energy IPO is a book-built issue of Rs 16.56 crores. This upcoming IPO’s is a entirely a fresh issue of Rs 13.92 lakh equity shares. The allotment for this new IPO is expected to be finalised on Thursday, Sep 12, 2024.

2. Who are the lead managers for the Shubhshree Biofuels Energy IPO?

HEM Securities Limited is appointed as the book-running lead manager for the IPO.

3. What is the role of Cameo Corporate Services in this IPO?

Bigshare Services Private Limited is the registrar for Shubhshree Biofuels Energy Limited, handling the IPO's administrative aspects.

4. How can I apply for the Shubhshree Biofuels Energy IPO?

The public subscription of this new IPO will open on September 9, 2024. Click here to initiate the application process. 

5. How will the net proceeds from the IPO be utilised?

The funds received from this IPO will be used for the capital expenditure toward the installation of additional plant and machinery. The remaining money will be used for meeting day-to-day capital requirements and fulfilling the general corporate purposes.

6. How can I check the allotment status of the IPO?

Investors who applied can check the allotment status of the Shubhshree Biofuels Energy Limited IPO by visiting here. For further updates follow Bigul. 

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