Shubhshree Biofuels Energy IPO
IPO Listing Details
- Listing Date
16 Sep 2024
- Listing Price
₹ 189.00
- Listing Change
58.82%
- Last Traded Price
₹ 272.00
IPO Details
- Open Date
09 Sep 2024
- Close Date
11 Sep 2024
- IPO Price Range
₹ 113 to ₹ 119
- IPO Size
₹ 16.56 Cr
- Listing Exchange
NSE SME
- Listing Date
16 Sep 2024
IPO Timeline
Shubhshree Biofuels Energy IPO Subscription Status
| Date | QIB | NII | Retail | TOTAL |
|---|---|---|---|---|
| 09-Sep-24 | 4.47 | 6.31 | 18.88 | 12.33 |
| 10-Sep-24 | 4.47 | 6.36 | 19.14 | 12.47 |
| 11-Sep-24 | 31.32 | 245.74 | 135.65 | 132.89 |
Last Updated: 11 September 2024 6:25 PM by 5Paisa
Last Updated: 11th September 2024, 06:25 PM by 5paisa
Shubhshree Biofuels Energy IPO is set to open on 09 September 2024 and will close on 011 September 2024. The company provides biomass fuels like pellets and briquettes to customers in various industries, including recycling, textile processing, pharmaceuticals, and metals.
The IPO includes a fresh issue of 13.92 lakh shares aggregating up to ₹16.56 Cr and it does not include an offer for sale. The price is set between ₹113 - ₹117 per share and the lot size is 1200 shares.
The allotment is scheduled to be finalised on 12 September 2024. It will go public on NSE SME, with a tentative listing date of 16 September 2024.
Hem Securities Limited is the book-running lead manager, while Bigshare Services Pvt Ltd is the registrar.
Shubhshree Biofuels Energy IPO Size
| Types | Size (₹Cr) |
|---|---|
| Total IPO Size | 16.56 |
| Offer for Sale | - |
| Fresh Issue | 16.56 |
Shubhshree Biofuels Energy IPO Lot Size
| 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 IPO Reservation
| Investors Category | Subscription (times) | Shares Offered | Shares bid for | Total Amount (Cr.) |
|---|---|---|---|---|
| QIB | 31.32 | 2,33,900 | 73,26,000 | 87.18 |
| NII (HNI) | 245.74 | 1,99,200 | 4,89,51,600 | 582.52 |
| Retail | 135.65 | 4,63,200 | 6,28,33,200 | 747.72 |
| Total | 132.89 | 8,96,300 | 11,91,10,800 | 1,417.42 |
1. Working Capital Requirements.
2. General Corporate Purposes.
3. Funding CapEx for installing additional plant and machinery.
Shubhshree Biofuels Energy Limited, founded in 2013, provides biomass fuels like pellets and briquettes to industries such as recycling, textiles, pharmaceuticals, and metals.
The company operates three briquetting and pelleting machines with a combined capacity of 132 tonnes per day one machine is owned, while the other two are leased. Between October 2023 and February 2024, they produced 12,090 tonnes of biomass fuels, with total sales reaching around 50,600 tonnes. Manufactured goods made up about 23.8% of total sales.
Their customers are mostly based in northern India, particularly in Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of 30 March 2024, the company had 26 employees.
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Revenue | 94.88 | 59.71 | 7.92 |
| EBITDA | 4.16 | 2.25 | 0.34 |
| PAT | 3.20 | 2.42 | 0.27 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Total Assets | 13.97 | 5.93 | 1.86 |
| Share Capital | 3.85 | 0.01 | 0.01 |
| Total Borrowings | 0.61 | 0.91 | 0.49 |
| Particulars (in Rs. Crores) | FY24 | FY23 | FY22 |
|---|---|---|---|
| Net Cash Generated From / (used in) operating activities | 0.70 | 0.99 | 0.38 |
| Net Cash Generated From / (used in) investing activities | -1.45 | -0.46 | -0.03 |
| Net Cash Generated From / (used in) financing activities | 0.71 | 0.32 | -0.01 |
| Net Increase (Decrease) In Cash And Cash Equivalents | 0.06 | 0.85 | 0.34 |
Strengths
1. The company benefits from a well-placed location.
2. The company offers environmentally friendly products.
3. It has a skilled and knowledgeable promoter and management team.
4. It prioritizes customer needs and satisfaction.
Risks
1. The company has experienced net losses in the past, and ongoing losses could negatively impact its operations.
2. Biomass fuel is a relatively new concept, lacking a well-defined market compared to conventional fuels. This can make it challenging to convince potential customers to switch.
3. The company only started manufacturing pellets recently, and the process may take time to stabilize. Additionally, the lack of long-term supply agreements with suppliers could affect operations and profits.
4. A large portion of the company's revenue comes from a few key clients. Losing any of these clients or seeing a drop in demand could harm the company's business and financial health.
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FAQs
Shubhshree Biofuels Energy IPO opens from 09th September to 11th September 2024.
The size of the Shubhshree Biofuels Energy IPO is ₹16.56 Cr.
The price band of Shubhshree Biofuels Energy IPO is fixed between ₹113- ₹119 per share.
To apply for Shubhshree Biofuels Energy IPO, follow the steps given below:
● Login to your 5paisa account and select the issue in the current IPO section
● Enter the number of lots and the price at which you wish to apply for the Shubhshree Biofuels Energy IPO.
● 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.
The minimum lot size of Shubhshree Biofuels Energy IPO is 1200 shares and the investment required is ₹1,42,800.
The share allotment date of Shubhshree Biofuels Energy IPO is 12th September 2024
The Shubhshree Biofuels Energy IPO will be listed on 16th September 2024.
Hem Securities Limited is the book-running lead manager for Shubhshree Biofuels Energy IPO.
Shubhshree Biofuels Energy plans to utilise the raised capital from the IPO for:
1. Working Capital Requirements.
2. General Corporate Purposes.
3. Funding CapEx for installing additional plant and machinery.
