The IPO of Shubhshree Biofuels Energy is structured as a book-built issue with a total of Rs 16.56 crores. The issue consists entirely of a fresh issue of 13.92 lakh shares.
The IPO of Shubhshree Biofuels Energy opened for subscription on September 9, 2024, and is set to close today, September 11, 2024. The finalization of the allotment for the Shubhshree Biofuels Energy IPO is expected to occur on Thursday, September 12, 2024. The listing of the Shubhshree Biofuels Energy IPO on NSE SME is anticipated, with the tentative listing date set for Monday, September 16, 2024.
The price band for the Shubhshree Biofuels Energy IPO is set between ₹113 and ₹119 per share. A minimum lot size of 1200 shares is required for an application. The minimum investment amount required by retail investors is ₹142,800. For HNI investors, the minimum lot size investment is set at 2 lots (2,400 shares), amounting to ₹285,600.
Refer to Shubhshree Biofuels Energy IPO RHP for brief information.
| IPO Date | September 9, 2024 to September 11, 2024 |
| Listing Date | September 16, 2024 |
| Face Value | ₹ 10 / Share |
| Price Band | ₹ 113 to ₹ 119 / 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) |
| Offer for Sale | |
| Employee Discount | |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 3,850,000 |
| Share holding post issue | 5,242,000 |
| Market Maker portion |
Shubhshree Biofuels Energy Limited IPO opens on September 9, 2024, and closes on September 11, 2024.
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Initiation of Refunds | September 13, 2024 |
| Credit of Shares to Demat | September 13, 2024 |
| Listing Date | September 16, 2024 |
| Cut-off time for UPI mandate confirmation | 5 PM, September 11, 2024 |
A minimum of 1200 shares can be bid for by investors, with additional shares being bid in multiples thereof. The minimum and maximum investments by retail investors and HNI, in terms of shares and amount, are depicted in the table below.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | Rs.142,800 |
| Retail (Max) | 1 | 1,200 | Rs.142,800 |
| S-HNI (Min) | |||
| S-HNI (Max) | |||
| B-HNI (Min) | |||
| HNI (Min) |
| Share Holding Pre Issue | 100.00% |
| Share Holding Post Issue | 73.45% |
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 3,93,600 (28.9%) |
|
| Market Maker Shares Offered | |
|
| Other Shares Offered | |
|
| QIB Shares Offered | 2,33,900 (17.17%) |
|
| NII (HNI) Shares Offered | 1,99,200 (14.63%) |
|
| bNII > ₹10L | |
|
| sNII < ₹10L | |
|
| Retail Shares Offered | 4,63,200 (34.01%) |
|
| Employee Shares Offered | |
|
| Total Shares Offered | 13,61,900 (100%) |
An amount of Rs 4.68 crore has been raised from anchor investors through the Shubhshree Biofuels Energy IPO. The anchor bid date for the Shubhshree Biofuels Energy IPO is set for September 6, 2024.
| Bid Date | 2024-09-06 |
| Shares Offered | 3,93,600 |
| Anchor Portion Size (In Cr.) | 4.68 |
| Anchor lock-in period end date for 50% shares (30 Days) | October 12, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | December 11, 2024 |
Shubhshree Biofuels Energy Limited was established in 2013. The business is in the business of providing biomass fuels, such as briquettes and pellets. These biomass fuels are an alternative energy source that are mostly used in place of fossil fuels including coal, firewood, lignite, and agricultural waste for commercial and industrial heating, cooking, industrial combustion, and power generation.
The business produced and supplied building and construction supplies, including bricks made of fly ash, among other things. The company started selling biomass briquettes and pellets in December 2021, after quitting the fly ash brick industry. Taking into account the market's reaction and the prospects in this area, the company set up shop at Khasra No. 33/1, Pahadi village, Tonk, Rajasthan.
The company's operating revenue is mostly derived from sales of its products in the northern states of India, specifically from Haryana, Uttar Pradesh, Rajasthan, and the NCR region. Additionally, the company recently received an order for the supply of biomass pellets in the amount of 14600 tonnes for a one-year period from a company in the power sector, and an order for the short-term supply of biomass in the amount of 31600 tonnes to a company in the metal industry for a period of five months.
The market capitalization of Shubhshree Biofuels Energy IPO is Rs 62.38 Cr.
KPI as of March 31, 2024.
| KPI | Values |
|---|---|
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt/Equity | 0.09 |
| RoNW | 46.36% |
| P/BV | |
| PAT Margin (%) | 3.5 |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 8.57 | 6.29 |
| P/E (x) | 13.89 | 18.92 |
The Pre IPO EPS is calculated based on Pre issue shareholding as on date of RHP and the latest FY earnings as of March 31, 2024 that is available in RHP.
The Post Issue EPS is calculated based on the Post issue shareholding and annualized FY earnings of March 31, 2024 that is available in RHP.
The proceeds of the Issue are intended to be utilized by the company to meet the following objects:
- Funding Capital Expenditure towards the installation of additional plant and machinery;
- To meet working capital requirements; and
- General Corporate Purpose.
Shubhshree Biofuels Energy Limited Plot No. 8 Ganesh Vihar B, |
Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 |
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