Shubhshree Biofuels Energy (NSE SME)

Sep 9, 2024 - Sep 11, 2024

Price ₹113 - ₹119
Premium ₹75
Lot size 1200
Allotment Sep 12, 2024
Listing Sep 16, 2024

Category Lot(s) Qty Amount Reserved
Retail 1 1200 142800 386
HNI 2 2400 285600 166

Last updated on 11-Sep-2024 17:07:11

CategoryOfferedAppliedTimes
QIB264000732600027.75
NIB19920049023600246.1
RETAIL46320062833200135.65
Total926400119182800128.65
Retail Apps52361© IPO Premium
HNI Interest Cost Per Share (7 Days)
@7%
₹39.32
@8%
₹44.93
@9%
₹50.55
@10%
₹56.16
@11%
₹61.78
@12%
₹67.4
About

IPO Reservation

Investor CategoryShares OfferedNo. of Shares
Retail33.28%463200
NII (HNI)14.31%199200
Anchor28.28%393600
QIB18.97%264000
Market Maker5.16%72000
Total 100.00%1392000

IPO Details

Total Issue Size1,392,000 shares (aggregating up to 16.56 Cr)
Fresh Issue1,392,000 shares (aggregating up to 16.56 Cr)
Issue TypeBook Built Issue IPO
Listing AtNSE SME
Share holding pre issue38,50,000
Share holding post issue52,42,000
Market Maker portion72,000 shares
Hem Finlease

Key Perforamance Indicators

KPIMar-24Mar-23Mar-22
ROCE61.67%94.32%50.71%
RONW46.36%94.50%194.54%
D/E0.090.36-
EPS
(basic)
8.66.340.72
P/E
Pre IPO
13.89
P/E
Post IPO
18.92

Financial Statement (restated)

Period EndedMar-24Mar-23Mar-22
Assets1,396.84593.12185.61
Revenue9,488.325,971.24791.83
Profit After Tax329.77242.3827.46
Net Worth711.27256.514.12
Reserves and Surplus326.27255.513.12
Total Borrowing60.6691.0648.82
Amount in Lakhs
 

About Company

Shubhshree Biofuels Energy Limited, established in 2013, is a key player in the biomass fuel sector, providing a range of products including biomass pellets and briquettes to industries such as recycled material processing, textile manufacturing, pharmaceuticals, and metals. The company operates three briquetting and pelleting machines—one owned and two leased—along with their premises, boasting a combined production capacity of 132 tonnes per day. From October 2023 to February 2024, Shubhshree produced 12,090 tonnes of biomass fuels, representing 23.8% of its total sales volume of approximately 50,600 tonnes. The company predominantly serves clients in the northern states of India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, Shubhshree Biofuels Energy Limited employs 26 staff members.

Lead Manager(s)
Hem Securities Limited
Website:  https://www.hemsecurities.com
Email:  ipoinfo@hemonline.com
Phone: +91 22 49060000
Strength

Location Advantage: Strategically positioned in northern India, Shubhshree Biofuels Energy Limited taps into a large market across Haryana, Uttar Pradesh, Rajasthan, and the NCR region, ensuring efficient distribution and lower transportation costs.

Customer-Centric Approach: The company prioritizes client needs by offering tailored biomass fuel solutions for various industries, enhancing customer satisfaction and fostering long-term relationships.

Eco-Friendly Product: Shubhshree’s biomass pellets and briquettes are sustainable alternatives to traditional fuels, contributing to environmental conservation and supporting industries in reducing their carbon footprint.

Weakness

Historical Net Losses: The company has experienced net losses in the past, and any continuation of these losses or failure to achieve profitability could negatively impact operations.

Market Adoption Challenges: The biomass fuel industry is still emerging and faces resistance from customers reluctant to switch from conventional fuels, potentially affecting market penetration and growth.

Manufacturing and Supply Chain Risks: With recent entry into biomass pellet manufacturing and no long-term supply agreements in place, the company may encounter operational instability and supply chain issues that could impact business performance and profitability.

Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttps://ipo.bigshareonline.com/ipo_status.html