Shubhshree Biofuels Energy Limited

09 Sep 2024 - 11 Sep 2024 Individual Category SME NSE

Min Investment

₹271200

Price Band

₹113-₹119

Issue Size

9.98 lakhs
Equity Shares

Lot Size

1200 (per lot)

IPO Dates
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09 Sep 2024

Open Date

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11 Sep 2024

Close Date

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12 Sep 2024

Allotment Date

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16 Sep 2024

Listing Date

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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About Shubhshree Biofuels Energy Limited

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.

Founded

2013

Managing Director

Anurag Agarwal, Astha Agarwal, Sagar Agrawal and Upasna Srivastava Dattani

Parent Organization

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.

Company Promoters

Subscription Details

Investor Category Subscription (times)
Qualified Institutions 0
Non-Institutional Buyers 0
bNII (bids above ₹10L) 0
sNII (bids below ₹10L) 0
Retail Investors 0
Employees 0
Others 0
Total 0
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IPO Allotment

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