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20 Nov 2024
Shubhshree Biofuels Energy Limited IPO And Its GMP
Shubhshree Biofuels Energy Limited is engaged in the business of supplying biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy that is used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste etc.
The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. They are currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal etc.
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IPO OVERVIEW
- ● Issue Size: ₹16.56 crores
- ○ Type: Entirely a fresh issue of 13.92 lakh shares
- ● Subscription Dates: September 9, 2024, to September 11, 2024
- ● Price Band: ₹113 to ₹119 per share
- ● Minimum Lot Size: 1,200 shares
- Book Running Lead Manager:
- ● Hem Securities Limited
- Registrar:
- ● Bigshare Services Pvt Ltd
- Market Maker:
- ● Hem Finlease
WHAT IS GMP?
GMP stands for Grey Market Premium, and if you are planning your IPO then GMP plays an important role. A grey market is a place where stocks/shares get traded before getting officially listed on any stock exchange. The difference between the IPO price and the grey market price is known as GMP (grey market premium). GMP is a premium amount paid at which initial public offering (IPO) shares are traded before it is listed on the stock exchanges.
Shubhshree Biofuels Energy Limited IPO GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 16-09-2024 | 119 | 75.0 (63%) | 16-Sep-2024 13:40 |
| 13-09-2024 | 119 | 75.0 (63%) | 13-Sep-2024 12:40 |
| 12-09-2024 | 119 | 45.0 (38%) | 12-Sep-2024 12:50 |
| 11-09-2024 | 119 | 45.0 (38%) | 11-Sep-2024 12:15 |
**The GMP prices displayed here are solely for informational purposes related to the grey market news. India IPO does not engage in or facilitate grey market trading, nor are these rates (sub2) indicative of any trading activity. We also do not recommend or endorse participation in the grey market.**
Shubhshree Biofuels Energy IPO Overview
| Detail | Description |
|---|---|
| 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 |
| Share holding post issue | 5,242,000 |
| Market Maker portion | 72,000 shares Hem Finlease |
Shubhshree Biofuels Energy IPO Timeline (Tentative Schedule)
| Detail | Description |
|---|---|
| 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 |
| 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 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 Limited IPO Reservation
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.03% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
Shubhshree Biofuels Energy IPO Promoter Holding
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue |
Company & Financials
Shubhshree Biofuels Energy Limited was established in 2013 and supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. The company has installed three briquetting and pelleting machines, one of which is owned by the company and the other two have been leased together with the premises, which have a combined capacity of 132 tonnes per day. In the period from October 2023 to February 2024, the company produced 12090 tonnes of biomass fuels, while the total sales volume was approximately 50600 tonnes and the share of manufactured goods accounted for approximately 23.8% of the total sales volume. The company's customers are mainly from the northern states of India, especially Haryana, Uttar Pradesh, Rajasthan and the NCR region.
Shubhshree Biofuels Energy Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 | ||||||||||||||||||||||||||||||||||||
| Assets | 859.88 | 593.12 | 185.61 | 47.67 | ||||||||||||||||||||||||||||||||||||
| Revenue | 4,386.21 | 5,971.24 | 791.83 | 18.5 | ||||||||||||||||||||||||||||||||||||
| Profit After Tax | 136.61 | 242.38 | 27.46 | -1.97 | ||||||||||||||||||||||||||||||||||||
| Net Worth | 393.11 | 256.5 | 14.12 | -13.35 | ||||||||||||||||||||||||||||||||||||
| Reserves and Surplus | 392.11 | 255.5 | 13.12 | -14.35 | ||||||||||||||||||||||||||||||||||||
| Total Borrowing | 148.72 | 91.06 | 48.82 | 49.82 | ||||||||||||||||||||||||||||||||||||
| Amount in ₹ Lakhs | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.3 | 5.21 |
| P/E (x) | 18.9 | 22.83 |
Objectives of Shubhshree Biofuels Energy IPO
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.
- 3. General Corporate Purpose.
Shubhshree Biofuels Energy IPO Review
The company is engaged in the business of manufacturing & supplying of biomass fuels primarily in the northern region. It posted spectacular growth in its top and bottom lines for the reported periods. Based on FY24 earnings, the issue relatively appears fully priced. Post-IPO small equity base indicates longer gestation for migration to mainboard. Well-informed investors may park funds for long term.
FAQs for Shubhshree Biofuels Energy IPO
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What is Shubhshree Biofuels Energy IPO?
Shubhshree Biofuels Energy IPO is a main-board IPO. The company is going to raise ₹16.56 Crores via IPO. The issue is priced at ₹113 to ₹119 per equity share. The IPO is to be listed on NSE & SME.
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When will Shubhshree Biofuels Energy IPO open for subscription?
The IPO will open on September 9, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 11, 2024.
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What is the Shubhshree Biofuels Energy IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Shubhshree Biofuels Energy Issue Size?
Shubhshree Biofuels Energy's issue size is ₹16.56 crores.
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What is the Shubhshree Biofuels Energy IPO Price Band?
Shubhshree Biofuels Energy IPO Price Band is ₹113 to ₹119.
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What is Shubhshree Biofuels Energy IPO Lot Size?
The minimum bid is 1200 Shares with ₹142,800 amount.
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What is the Shubhshree Biofuels Energy IPO Allotment Date?
Shubhshree Biofuels Energy's IPO allotment date is September 12, 2024.
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What is the Shubhshree Biofuels Energy IPO Listing Date?
Shubhshree Biofuels Energy's IPO listing date is September 16, 2024. The IPO is to be listed on BSE and NSE.
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What is the current GMP of Shubhshree Biofuels Energy?
The current GMP of Shubhshree Biofuels Energy is 75.0 (63%).
DRHP:
DRHP of Shubhshree Biofuels Energy Limited IPO.
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What is Shubhshree Biofuels Energy IPO?
Shubhshree Biofuels Energy IPO is a main-board IPO. The company is going to raise ₹16.56 Crores via IPO. The issue is priced at ₹113 to ₹119 per equity share. The IPO is to be listed on NSE & SME.
-
When will Shubhshree Biofuels Energy IPO open for subscription?
The IPO will open on September 9, 2024, for QIB, NII, and Retail Investors. The IPO will close on September 11, 2024.
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What is the Shubhshree Biofuels Energy IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
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What is Shubhshree Biofuels Energy Issue Size?
Shubhshree Biofuels Energy's issue size is ₹16.56 crores.
-
What is the Shubhshree Biofuels Energy IPO Price Band?
Shubhshree Biofuels Energy IPO Price Band is ₹113 to ₹119.
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What is Shubhshree Biofuels Energy IPO Lot Size?
The minimum bid is 1200 Shares with ₹142,800 amount.
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What is the Shubhshree Biofuels Energy IPO Allotment Date?
Shubhshree Biofuels Energy's IPO allotment date is September 12, 2024.
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What is the Shubhshree Biofuels Energy IPO Listing Date?
Shubhshree Biofuels Energy's IPO listing date is September 16, 2024. The IPO is to be listed on BSE and NSE.
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What is the current GMP of Shubhshree Biofuels Energy?
The current GMP of Shubhshree Biofuels Energy is 75.0 (63%).
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