Shubhshree Biofuels Energy Limited IPO Overview

The Shubhshree Biofuels Energy IPO is a book-built issue aiming to raise ₹16.56 crores. This IPO consists entirely of a fresh issue, with 13.92 lakh shares being offered for subscription.

IPO Dates and Subscription Period

The Shubhshree Biofuels Energy IPO opens for subscription on September 9, 2024, and closes on September 11, 2024. The allotment date is expected to be finalized on September 12, 2024, and the IPO is slated to list on NSE SME with a tentative listing date of September 16, 2024.

Price Band and Lot Size

The IPO price band is set between ₹113 and ₹119 per share. Retail investors can apply with a minimum lot size of 1,200 shares, which requires an investment of ₹142,800. For HNIs, the minimum investment is 2 lots (2,400 shares), amounting to ₹285,600.

Lead Manager and Market Maker

Hem Securities Limited is the book-running lead manager for the Shubhshree Biofuels Energy IPO, while Bigshare Services Pvt Ltd serves as the registrar. Hem Finlease is acting as the market maker for this issue.

For further details, refer to the Shubhshree Biofuels Energy IPO RHP (Red Herring Prospectus).

Shubhshree Biofuels Energy Limited IPO Important dates

Shubhshree Biofuels Energy IPO opens on September 9, 2024, and closes on September 11, 2024.

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
The 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

Shubhshree Biofuels Energy Limited Financial Performance

Shubhshree Biofuels Energy Limited’s revenue increased by 59% and profit after tax (PAT) rose by 36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended 31 Mar 2024 31 Mar 2023 31 Mar 2022
Assets ₹139.68 crores ₹59.31 crores ₹18.56 crores
Revenue ₹94.88 crores ₹59.71 crores ₹7.92 crores
Profit After Tax ₹3.30 crores ₹2.42 crores ₹0.27 crores
Net Worth ₹7.11 crores ₹2.57 crores ₹0.14 crores
Reserves and Surplus ₹3.26 crores ₹2.56 crores ₹0.13 crores
Total Borrowing ₹0.61 crores ₹0.91 crores ₹0.49 crores

Shubhshree Biofuels Energy Limited IPO Key Performance Indicator

The market capitalization of Shubhshree Biofuels Energy IPO is Rs 62.38 Cr.

KPI as of March 31, 2024.

KPI Values
ROE 68.15%
ROCE 61.67%
Debt/Equity 0.09
RoNW 46.36%
PAT Margin (%) 3.5
Pre IPO Post IPO
EPS (Rs)  8.57 6.29
P/E (x)  13.89 18.92

Note:

  • The Pre IPO EPS is calculated based on pre-issue shareholding as of the date of RHP and the latest FY earnings as of March 31, 2024, that is available in RHP.
  • The post-issue EPS is calculated based on the shareholding and annualized FY earnings of March 31, 2024, available in RHP.

Shubhshree Biofuels Energy IPO Objectives

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; and
  3. General Corporate Purpose.

Shubhshree Biofuels Energy Limited IPO Lot Size

Investors can bid for a minimum of 1200 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 1200 ₹142,800
Retail (Max) 1 1200 ₹142,800
HNI (Min) 2 2,400 ₹285,600

Shubhshree Biofuels Energy IPODetails

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 1200 Shares
Total Issue Size 1,392,000 shares
(aggregating up to ₹16.56 Cr)
Fresh Issue 1,392,000 shares
(aggregating up to ₹16.56 Cr)
Issue Type Book Built Issue IPO
Listing At NSE SME
Shareholding pre-issue 3,850,000
Shareholding post issue 5,242,000
Market Maker portion 72,000 shares

Shubhshree Biofuels Energy Limited: Company Overview and Services

Established in 2013, Shubhshree Biofuels Energy Limited is a key supplier of biomass fuels. The company provides biomass pellets and briquettes to a wide range of industries, including those in recycled materials, textile processing, pharmaceuticals, metals, and more.

Production Capacity and Operations

The company operates three briquetting and pelleting machines, with one being company-owned and two leased. These machines, combined, have a daily production capacity of 132 tonnes. Between October 2023 and February 2024, Shubhshree Biofuels Energy produced 12,090 tonnes of biomass fuels, contributing to a total sales volume of approximately 50,600 tonnes. Manufactured goods accounted for around 23.8% of total sales.

Geographic Focus and Customer Base

Shubhshree Biofuels Energy serves customers predominantly located in northern India, with a strong presence in Haryana, Uttar Pradesh, Rajasthan, and the NCR region.

Workforce

As of March 30, 2024, the company employed 26 individuals, supporting its production and operations

Shubhshree Biofuels Energy Limited IPO SWOT Analysis

Strengths:

  1. Established Market Presence: Operating since 2013, Shubhshree Biofuels Energy Limited has a solid reputation in the biomass fuel industry, catering to diverse sectors such as recycled materials, textiles, pharmaceuticals, and metals.
  2. Strong Production Capacity: The company operates three briquetting and pelleting machines with a combined capacity of 132 tonnes per day, showcasing robust production capabilities.
  3. Diverse Customer Base: Shubhshree Biofuels Energy serves customers across multiple industries in key northern states like Haryana, Uttar Pradesh, Rajasthan, and the NCR, ensuring a steady demand for its products.
  4. Sustainable Focus: With the global push toward sustainable energy, the company’s focus on biomass fuels positions it well to capitalize on growing demand for renewable energy sources.

Weaknesses:

  1. Leased Machinery: Two of the company’s briquetting and pelleting machines, as well as the premises, are leased. This reliance on leased infrastructure could increase operational costs and affect profitability.
  2. Limited Market Reach: While the company serves clients in northern India, its geographic presence is concentrated, potentially limiting expansion opportunities in other regions or international markets.
  3. Low Share of Manufactured Goods: Manufactured goods accounted for only 23.8% of total sales volume, indicating potential inefficiencies in converting raw materials into higher-value products.

Opportunities:

  1. Growing Demand for Renewable Energy: As the global focus on sustainable energy solutions increases, Shubhshree Biofuels Energy is well-positioned to capitalize on the rising demand for biomass fuels.
  2. Potential for Expansion: The company could expand its operations beyond northern India, tapping into new markets and regions to increase its customer base and revenue.
  3. Technological Advancements: By investing in advanced briquetting and pelleting technologies, the company can enhance production efficiency, reduce costs, and improve the share of manufactured goods in total sales.

Threats:

  1. Competition: The biomass fuel industry is highly competitive, with new entrants and existing players potentially affecting market share and profitability.
  2. Raw Material Price Fluctuations: Any significant fluctuation in the prices of raw materials used for biomass production could impact the company’s margins and overall financial performance.
  3. Regulatory Risks: Changes in environmental regulations or policies related to biomass fuels could pose operational challenges or require additional compliance costs.

Shubhshree Biofuels Energy  IPO GMP Details

 

Shubhshree Biofuels Energy SME IPO last GMP is ₹0, last updated Sep 6th 2024 . With the price band of 119.00, Shubhshree Biofuels Energy SME IPO’s estimated listing price is ₹119 (cap price + today’s GMP).The expected percentage gain/loss per share is 0.00%.

Stay with us to know the daily price trend of Shubhshree Biofuels Energy SME IPO GMP with an expected listing price.

GMP Date IPO Price GMP Sub2 Sauda Rate Estimated Listing Price Last Updated
06-09-2024 119.00 ₹0  — ₹119 (0%) 6-Sep-2024
05-09-2024 119.00 ₹0  — ₹119 (0%) 5-Sep-2024
04-09-2024 119.00 ₹0  — ₹119 (0%) 4-Sep-2024
03-09-2024 119.00 ₹0  — ₹119 (0%) 3-Sep-2024

Shubhshree Biofuels Energy Limited IPO subscription status 


Note that the bidding starts at 10 AM and ends at 5 PM on the days when the public issue is open.

Shubhshree Biofuels Energy IPO Allotment status 

The allotment status of Shubhshree Biofuels Energy IPO is expected to be available on September 12, 2024.

Shubhshree Biofuels Energy IPO allotment status is not available at this time. Shubhshree Biofuels Energy IPO – The allotment status will be available once the basis of allotment is finalized. Please revisit us to check the latest updates for Shubhshree Biofuels Energy Limited’s IPO allotment status.

To check Shubhshree Biofuels Energy IPO allotment status, follow the steps below:

  1. Click on the below allotment status check button.
  2. Select Company Name.
  3. Enter your PAN Number, Application Number or DP Client ID (Anyone).
  4. Click on Search.

On securing the allotment, you will receive the credit of equivalent shares in your Demat account.

If you have any concerns or queries about the allotment status, contact Bigshare Services Pvt Ltd either by phone or email. Investors can call on +91-22-6263 8200 or send an email with all relevant details to ipo@bigshareonline.com.

Shubhshree Biofuels Energy Limited Contact Details

Shubhshree Biofuels Energy Limited
Plot No. 8 Ganesh Vihar B,
Pandit T.N Mishra Marg, Nirman Nagar,
Shyam Nagar (Jaipur), Jaipur – 302019
Phone: +91 9799998880
Email: shubhshree@biomassfuel.co.in
Website: http://www.shubhshreebiofuels.co.in/

Disclaimer: Investing in Initial Public Offerings (IPOs) involves substantial risk, and financial returns are not guaranteed. The information provided should not be construed as financial or investment advice. Prospective investors are advised to consider their financial situation, investment objectives, and risk tolerance before participating in an IPO. It is recommended to consult with a qualified financial advisor or professional before making any investment decisions. Past performance is not indicative of future results. Investments in IPOs may be subject to market risk, including the potential loss of principal.