Issue Price
₹ 113-₹ 119
per equity share
Issue Size
9.98 lakhs
equity share
Face Value
₹ 10
per equity share
Market Lot
1200
equity share
Please note
Listing at NSE
Shubhshree Biofuels Energy Limited
Important Dates
IPO Open Date
09 Sep 2024
IPO Close Date
11 Sep 2024
Allotment Date
12 Sep 2024
Initiation of Refunds
13 Sep 2024
Credit of Shares to Demat Account
13 Sep 2024
IPO Listing Date
16 Sep 2024
UPI Mandate Expiry Date
11 Sep 2024
IPO Details
Shubhshree Biofuels Energy IPO is a book built issue of Rs 16.56 crores. The issue is entirely a fresh issue of 13.92 lakh shares.
Shubhshree Biofuels Energy IPO opens for subscription on September 9, 2024 and closes on September 11, 2024. The allotment for the Shubhshree Biofuels Energy IPO is expected to be finalized on Thursday, September 12, 2024. Shubhshree Biofuels Energy IPO will list on NSE SME with tentative listing date fixed as Monday, September 16, 2024.
Shubhshree Biofuels Energy IPO price band is set at ₹113 to ₹119 per share. The minimum lot size for an application is 1200 Shares. The minimum amount of investment required by retail investors is ₹142,800. The minimum lot size investment for HNI is 2 lots (2,400 shares) amounting to ₹285,600.
Hem Securities Limited is the book running lead manager of the Shubhshree Biofuels Energy IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shubhshree Biofuels Energy IPO is Hem Finlease.
Refer to Shubhshree Biofuels Energy IPO RHP for detailed information.
Seize the deal, apply for IPO today!
Apply for IPOAbout Shubhshree Biofuels Energy Limited
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.
Parent Organisation
-
Founded
2013
Managing Director
Anurag Agarwal, Astha Agarwal, Sagar Agrawal and Upasna Srivastava Dattani
IPO Objectives
The company intends to utilize the proceeds of the Issue to meet the following objects:
Funding Capital Expenditure towards the installation of additional plant and machinery;
To meet working capital requirements; and
General Corporate Purpose.
How to apply for IPO
- Login to your Bigul account and select the issue in the current IPO section
- Enter the number of lots and price at which you wish to apply for
- Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
- You will receive a mandate notification to block funds in your UPI app
- Approve the mandate request on your UPI and funds will be blocked
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PAN Card | Aadhaar Card | Bank Account Number
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