Shubhshree Biofuels Energy Limited
Bookbuilding IPO · NSE
- Price band
- ₹113 - ₹119
- Lot size
- 1,200 shares
- Issue amount
- ₹16.56 cr
- Total subscription
- 128.65×
- Opens
- 9 Sept 2024
- Closes
- 11 Sept 2024
- Allotment
- 12 Sept 2024
- Listing
- 16 Sept 2024
Offer at a glance
Issue overview
- Issue size
- 13,92,000 shares
- Face value
- ₹10 per share
- Minimum investment
- ₹1,35,600
- Fresh issue
- ₹16.56 cr
- Offer for sale
- ₹0 cr
- Registrar
- Bigshare Services Private Limited
- Listing exchange
- NSE
- Maximum investment
- ₹1,42,800
- Issue type
- Bookbuilding IPO
- Shares before issue
- 38,50,000
- Shares after issue
- 52,42,000
Lot sizes
| Category | Lots | Shares | Amount |
|---|---|---|---|
| RETAIL | 1 | 1,200 | ₹1,42,800 |
| HNI | 2 | 2,400 | ₹2,85,600 |
Share reservation
Subscription & GMP
Subscription by category
Missing multiples are calculated from bids and offered shares when available.
GMP history
Subscription demand
Amounts in ₹ crore. HNI subcategories are included in the NII total.
| Category | Offered | Demand |
|---|---|---|
| QIBs | 3.14 | 87.18 |
| RETAIL | 5.51 | 747.72 |
Financial performance
Company financials
In Lakhs · Reported periods may include interim results.
Key performance indicators
| Metric | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| EPS | 8.6 | 6.34 | 0.72 |
| ROE | 0 | 0 | 0 |
| ROCE | 61.67 | 94.32 | 50.71 |
| RONW | 46.36 | 94.5 | 194.54 |
| PRE IPO(PE) | 13.89 | 0 | 0 |
| POST IPO(PE) | 18.92 | 0 | 0 |
Values and labels as reported in the issue data.
Company information
Company profile
Shubhshree Biofuels Energy Limited, founded in 2013, is a growing name in the biomass fuel industry. The company supplies biomass pellets and briquettes to various industries like recycling, textiles, pharmaceuticals, and metals. It operates three briquetting and pelleting machines—one owned and two on lease—with a total daily production capacity of 132 tonnes. Between October 2023 and February 2024, the company produced 12,090 tonnes of biomass fuel, making up 23.8% of its total sales volume of around 50,600 tonnes. Shubhshree mainly serves customers in northern India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, the company has a team of 26 employees.
Strengths
- Location Advantage: Shubhshree Biofuels Energy Limited is located in northern India, serving key markets in Haryana, Uttar Pradesh, Rajasthan, and the NCR region. This prime location helps deliver products faster and at lower transportation costs.
- Customer-Centric Approach: The company focuses on customer needs by offering customized biomass fuel solutions for different industries, ensuring satisfaction and long-lasting partnerships.
- Eco-Friendly Product: Shubhshree’s biomass pellets and briquettes are green alternatives to traditional fuels, helping industries reduce their carbon footprint and protect the environment.
Risk factors
- Past Losses: The company has faced losses before, and if it continues to struggle or doesn't become profitable, it could affect its business operations.
- Market Adoption Challenges: Since the biomass fuel industry is still new, some customers may prefer sticking to traditional fuels, which could slow down the company's growth.
- Manufacturing and Supply Chain Risks: The company recently started making biomass pellets and doesn't have long-term supply deals yet, which could cause supply disruptions and affect profits.
Promoters
Anurag Agarwal
Astha Agarwal
Sagar Agrawal
Upasna Srivastava Dattani
Registrar & documents
Lead manager
Hem Securities Limited
Registrar & contacts
Bigshare Services Private Limited
[email protected]Official registrar portal ↗IPO allotment status guide →Registered office
Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg, Nirman Nagar, Shyam Nagar (Jaipur), Jaipur - 302019
+91 9799998880
[email protected]Company website ↗Understanding SHUBHSHREE IPO data
Compare the price band and required investment with the company profile, financial results and offer documents. Subscription figures show reported demand by category; they do not establish the value of the business. GMP is an unofficial indication and can change before listing.