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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. Book Running Lead Manager: â Hem Securities Limited Registrar: â Bigshare Services Pvt Ltd Market Maker: â Hem Finlease
WHAT IS GMP?
GMP (Grey Market Premium) is the difference between the IPO price and the grey market price. It is the premium amount paid for the traded IPO shares. It plays an important role in IPOs as it reflects how the IPO would react on the listing day.
A grey market is a place where shares/stocks are traded before being listed officially on the stock exchange.
Shubhshree Biofuels Energy Limited IPO And Its GMP
| GMP Date | IPO Price | GMP | Last Updated |
|---|---|---|---|
| 2024-09-16 | 119 | 75.0 (63%) | 2024-09-16 |
**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 Limited IPO And Its GMP Details
| 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 Limited IPO And Its GMP Timeline
| 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 And Its GMP Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1200 | ₹142,800 |
| Retail (Max) | 1 | 1200 | ₹142,800 |
| HNI (Min) | 2 | 2400 | ₹285,600 |
Shubhshree Biofuels Energy Limited IPO And Its GMP Promoter Holding
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 100.00% | - |
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.
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.
Competitive Strength:
- -
Shubhshree Biofuels Energy Limited IPO And Its GMP Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Total Borrowing | |||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 30 Sep 2023 | 859.88 | 4,386.21 | 136.61 | 393.11 | 148.72 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2023 | 593.12 | 5,971.24 | 242.38 | 256.5 | 91.06 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2022 | 185.61 | 791.83 | 27.46 | 14.12 | 48.82 | |||||||||||||||||||||||||||||||||||
| 31 Mar 2021 | 47.67 | 18.5 | -1.97 | -13.35 | 49.82 | |||||||||||||||||||||||||||||||||||
| Amount in ₹ Crore | ||||||||||||||||||||||||||||||||||||||||
Key Performance Indicator
| KPI | Values |
|---|---|
| - | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 6.3 | 5.21 |
| P/E (x) | 18.9 | 22.83 |
RHP:
DRHP:
Frequently asked Questions (FAQs )
-
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.
-
What is the Shubhshree Biofuels Energy IPO Investors Portion?
The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.
-
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.
-
What is Shubhshree Biofuels Energy IPO Lot Size?
The minimum bid is 1200 Shares with ₹142,800 amount.
-
What is the Shubhshree Biofuels Energy IPO Allotment Date?
Shubhshree Biofuels Energy's IPO allotment date is September 12, 2024.
