Shubhshree Biofuels Energy IPO Subscription Status

Shubhshree Biofuels Energy's initial public offering (IPO) has garnered significant investor interest, with subscription rates climbing steadily over the three-day period. Starting modestly on day one, the IPO witnessed a surge in demand, resulting in an impressive 23.15 times oversubscription by the close of day three. This strong response underscores the robust market appetite for Shubhshree Biofuels Energy's shares and sets the stage for a potentially dynamic listing.

The IPO, which opened on 9th September 2024, has seen increasing investor participation across all categories. The Retail segment, in particular, has shown exceptional demand, while the Qualified Institutional Buyers (QIB) and Non-Institutional Investors (NII) categories have also demonstrated strong interest.

This enthusiastic response to Shubhshree Biofuels Energy's IPO comes amid positive sentiment in the Indian stock market, particularly towards companies in the renewable energy and biomass fuel sector. The company's focus on supplying biomass fuels, including biomass pellets and briquettes, appears to have resonated well with investors looking for exposure to India's growing alternative energy industry.

Subscription Status of Shubhshree Biofuels Energy IPO for Days 1, 2, and 3:

On day 1, Shubhshree Biofuels Energy IPO was subscribed 2.99 times. By the end of day 2, the subscription status had risen to 12.47 times; on day 3, it reached 23.15 times.

Here are the subscription details for Shubhshree Biofuels Energy IPO as of Day 3 (11th September 2024 at 11:40:00 AM):

Total Applications: 13,036

Note:

• "Shares Offered" and "Total Amount" are calculated based on the upper price of the issue price range. 
• ** The portion of anchor investors is not included in the total number of shares offered.
• *** Market Maker portion is not included to NII/HNI.

Key Highlights:

• The IPO of Shubhshree Biofuels Energy is currently subscribed 23.15 times, with strong demand across all investor categories.
• Retail investors have shown exceptional interest, with a subscription ratio of 33.77 times.
• Qualified Institutional Buyers (QIB) have demonstrated strong enthusiasm, with a subscription ratio of 12.40 times.
• Non-Institutional Investors (NII) have shown solid interest, with a subscription ratio of 11.08 times.
• The overall subscription trend shows a significant increase day-on-day, indicating high investor confidence and positive sentiment towards the issue.

Shubhshree Biofuels Energy IPO - Day 2 Subscription at 12.47 Times

Key Highlights:

• On Day 2, Shubhshree Biofuels Energy's IPO was subscribed 12.47 times, with strong demand from Retail Individual Investors (RII).
• Retail investors showed increased interest with a subscription ratio of 19.14 times, more than tripling their subscription from the previous day.
• Non-Institutional Investors (NII) showed significantly increased interest with a subscription ratio of 6.36 times.
• Qualified Institutional Buyers (QIB) showed growing interest with a subscription ratio of 4.47 times.
• The overall subscription trend indicated building momentum, with all investor categories showing increased participation.
   

Shubhshree Biofuels Energy IPO - Day 1 Subscription at 2.99 Times

Key Highlights:

• The IPO of Shubhshree Biofuels Energy was subscribed 2.99 times on Day 1, with strong initial demand from Retail Individual Investors (RII).
• Retail investors showed early interest with a subscription ratio of 5.19 times, indicating positive sentiment among individual investors.
• Non-Institutional Investors (NII) showed moderate initial interest with a subscription ratio of 1.39 times.
• Qualified Institutional Buyers (QIB) showed no initial interest with a subscription ratio of 0.00 times.
• The strong first-day response laid a foundation for the remaining days of the IPO, with expectations of increased participation in the following days.
   

About Shubhshree Biofuels Ltd:

Shubhshree Biofuels Energy Limited, established in 2013, supplies biomass fuels, including biomass pellets and briquettes, to customers operating in various sectors such as recycled material, textile processing, pharmaceutical, and metal industries.

Key features of Shubhshree Biofuels Energy:

• Three briquetting and pelleting machines with a combined capacity of 132 tonnes per day
• Produced 12,090 tonnes of biomass fuels from October 2023 to February 2024
• Total sales volume of approximately 50,600 tonnes, with manufactured goods accounting for about 23.8% of the total
• Customers mainly from northern states of India, especially Haryana, Uttar Pradesh, Rajasthan, and the NCR region
• 26 employees as of 30th March 2024

Read About Shubhshree Biofuels IPO

Highlights of the Shubhshree Biofuels Energy IPO:

• IPO Date: 9th September 2024 to 11th September 2024
• Listing Date: 16th September 2024 (Tentative)
• 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
• Book Running Lead Manager: Hem Securities Limited
• Registrar: Bigshare Services Pvt Ltd
• Market Maker: Hem Finlease