Shubhshree Biofuels Energy IPO Date, Price, GMP – The subscription period for Shubhshree Biofuels Energy’s initial public offering (IPO) will open on Monday, September 9, 2024, and close on Wednesday, August 11, 2024. The price per share of this impending IPO is Rs 119. For the retail sector, a minimum lot size of 1200 shares is required. Meanwhile, two lots, or 2,400 shares, are the minimum lot size for the HNI group. For retail category investors, a minimum investment of Rs 1,42,800 (119 x 1200 shares) is needed.
On the other hand, the minimum investment amount needed for the HNI group is Rs 2,85,600 (119 x 2400 shares). The Rs 16.56 crore Shubhshree Biofuels Energy IPO is a book-built offering. This forthcoming IPO would consist of a completely new offering of Rs 13.92 lakh equity shares.
Shubhshree Biofuels Energy IPO Details
| IPO Open Date | September 9, 2024 |
| IPO Close Date | September 11, 2024 |
| Listing Date | September 16, 2024 |
| 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 |
Shubhshree Biofuels Energy Financials
The profit after tax (PAT) of Shubhshree Biofuels Energy Limited climbed by 36% and its revenue by 59% during the fiscal year that ended on March 31, 2024, and March 31, 2023.
| FY 2024 | |
| Assets | 1,396.84 |
| Revenue | 9,488.32 |
| Profit After Tax | 329.77 |
| Net Worth | 711.2 |
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt/Equity | 0.09 |
| RoNW | 46.36% |
| PAT Margin (%) | 3.5 |
About the Company – Shubhshree Biofuels Energy
The primary business of Shubhshree Biofuels Energy Limited is the production and distribution of biomass fuels, such as briquettes and pellets. These biofuels can be used as substitutes for conventional fossil fuels in cooking, heating, and power generation. By employing recycled green waste, such as sawdust and agri-waste, the company’s goods contribute to the reduction of greenhouse gas emissions. When Shubhshree was founded in 2013, it first made building materials before switching to biomass fuels in December of 2021.
The company established a new production facility in Rajasthan by October 2023, outfitted with machinery that can generate 132 tonnes of biomass daily. Sales of biomass fuel at Shubhshree increased to almost 121,800 tonnes in the fiscal year 2024, bringing in ₹9,414.60 lakh in income.
