Shubhshree Biofuels Energy is scheduled to hit the market on September 9, 2024 and close on September 11, 2024. Shubhshree Biofuels Energy plans to raise around ₹16.56 Cr through an IPO with a sale of up to 1,392,000 equity shares of ₹10 each.
Shubhshree Biofuels Energy Limited was set up in 2013 and provides biomass fuels like pellets and briquettes. These products are used by various industries such as recycling, textiles, pharmaceuticals, and metals. The company has three machines for making briquettes and pellets, with a total capacity of 132 tonnes per day. From October 2023 to February 2024, they produced 12,090 tonnes of biomass fuels. Out of the total sales volume of about 50,600 tonnes, their own production made up around 23.8%.
Most of the company's customers are located in the northern states of India, particularly in Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, Shubhshree Biofuels employs 26 people to support its operations.
Shubhshree Biofuels Energy IPO Details
Shubhshree Biofuels Energy IPO opens on September 9, 2024, and closes on September 11, 2024. The Listing date for Shubhshree Biofuels Energy IPO is on September 16, 2024. The price band for IPO is ₹113 to ₹119 per share and lot size of 1200 Shares.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Price | ₹113 to ₹119 per share |
| Lot Size | 1200 Shares |
| Issue Size | ₹16.56 Cr |
| Face Value | ₹10 per share |
Shubhshree Biofuels Energy IPO Tentative Timetable
Shubhshree Biofuels Energy opening date is September 9, 2024 and close date is September 11, 2024. The IPO allotment date is September 12, 2024. Therefund initiation of IPO is on September 13, 2024. The credit of shares in demat account is on September 13, 2024. The listing date is on September 16, 2024.
| Event | Date |
|---|---|
| IPO Opening | September 9, 2024 |
| IPO Closing | September 11, 2024 |
| IPO Allotment Date | September 12, 2024 |
| Refund Initiation | September 13, 2024 |
| Shares Credit to Demat | September 13, 2024 |
| Lisiting Date | September 16, 2024 |
Shubhshree Biofuels Energy IPO Lot Size
Lot Size of this IPO is 1200 shares. A retail-individual investor can apply for up to 1 lots (1200 shares or ₹142,800).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 1200 | ₹142,800 |
| Retail(Maximum) | 1 | 1200 | ₹142,800 |
| S-HNI (Minimum) | 2 | 2400 | ₹285,600 |
Shubhshree Biofuels Energy IPO Promoter Holding
| Pre Issue Share Holding | 100.00% |
| Post Issue Share Holding |
Shubhshree Biofuels Energy IPO Review
The company is launching its first IPO using the book building method. They will offer 1,392,000 shares at a price of Rs. 10 each to raise Rs. 16.56 crore at the highest price.
On the financial performance front, for the last three fiscals, the company has posted a total income/net profit of Rs. 7.92 cr. / Rs. 0.28 cr. (FY22), Rs. 59.71 cr. / Rs. 2.42 cr. (FY23), Rs. 94.88 cr. / Rs. 3.30 cr. (FY24).
For the last three fiscals, it has reported an average EPS of Rs. 6.53, and an average RoNW of 87.10%. The issue is priced at a P/BV of 6.41 based on its NAV of Rs. 18.56 as of March 31, 2024, and at a P/BV of 2.63 based on its post-IPO NAV of Rs. 45.17 per share (at the upper cap).
If we attribute FY24 earnings to its post-IPO fully diluted paid-up capital, then the asking price is at a P/E of 18.92. The issue relatively appears fully priced.
For the reported periods, the company has posted PAT margins of 3.47% (FY22), 4.14% (FY23), 3.50% (FY24), and RoCE margins of 50.71%, 94.32%, 61.67% respectively for the referred periods.
The company makes and supplies biomass fuels mainly in the northern part of India. It has shown impressive growth in its sales and profits recently. Based on the earnings for FY24, the stock seems to be fully valued right now. Since the equity is small after the IPO, it may take longer to move to the main stock exchange. Savvy investors might consider investing for the long term.
Shubhshree Biofuels Energy IPO Subscription Status (Bidding Details)
Table not foundShubhshree Biofuels Energy IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
Shubhshree Biofuels Energy IPO FAQs
What is Shubhshree Biofuels Energy IPO?
Shubhshree Biofuels Energy is issuing 1,392,000 equity shares with a face value of ₹10 each, totaling up to ₹16.56 Cr. The shares are being offered at a price of ₹113 to ₹119 each, with a minimum order quantity of 1200 shares.
Bigshare Services Pvt Ltd is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When Shubhshree Biofuels Energy IPO will open?
Shubhshree Biofuels Energy will open on September 9, 2024 for QIB, NII, and Retail Investors.
When Shubhshree Biofuels Energy IPO will end?
Shubhshree Biofuels Energy will end on September 11, 2024.
What is Shubhshree Biofuels Energy IPO Size?
Shubhshree Biofuels Energy IPO size is ₹16.56 Cr.
What is Shubhshree Biofuels Energy IPO Price Band?
Shubhshree Biofuels Energy price band is ₹113 to ₹119 per share.
What is Shubhshree Biofuels Energy IPO Allotment Date?
Shubhshree Biofuels Energy allotment date is September 12, 2024.
What is Shubhshree Biofuels Energy IPO Listing Date?
Shubhshree Biofuels Energy listing date is September 16, 2024. The IPO is to be listed on BSE and NSE.
How to Shubhshree Biofuels Energy IPO through Zerodha?
To apply for the IPO “Shubhshree Biofuels Energy” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply Shubhshree Biofuels Energy IPO through Upstox?
To apply for the IPO “Shubhshree Biofuels Energy” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check Shubhshree Biofuels Energy IPO Allotment Status?
For Shubhshree Biofuels Energy IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is Shubhshree Biofuels Energy IPO GMP?
You can check out here: Shubhshree Biofuels Energy IPO GMP. Check all IPO GMP here.