Shubhshree Biofuels Energy IPO Details
The Shubhshree Biofuels Energy IPO is a book build issue with a total issue size of ₹16.56 cr, comprising of fresh issue of 1392000 equity shares. Shubhshree Biofuels Energy IPO opened for subscription on Sep 09, 2024 and closed on Sep 11, 2024. Shubhshree Biofuels Energy IPO is set price band at ₹113 to ₹119 per share, with a lot size of 1200 shares. Minimum investment for Retail investors was ₹285,600.00 (at the upper price band) to apply for one lot.
The basis of allotment got finalized on Sep 12, 2024, and listed on the NSE on Sep 16, 2024.
Bigshare Services Pvt Ltd has been appointed as the registrar. Hem Securities Limited are the Book Running Lead Manager for the issue.
Before investing in the Shubhshree Biofuels Energy IPO, investors should review the company's financial performance, business objectives, and risk factors mentioned in the offer documents and apply before the subscription window closes.
- Price Band
- ₹ 113 – 119
- Lot Size
- 1200
- Issue Size
- ₹16.56 Cr
- Minimum Investment
- ₹285600 (2400 Shares)
- Listing Date
- 16 September 2024
Current GMP
₹45 (+37.82%)
*Info is indicative. Not an Investment Advice. Grey market trading is unregulated.
About Shubhshree Biofuels Energy Limited
Founded in 2013, Shubhshree Biofuels Energy Limited specializes in supplying biomass fuels, including pellets and briquettes, to a diverse range of sectors such as recycled materials, textile processing, pharmaceuticals, and metal industries.
The company operates three briquette-cum-pelleting machines: one owned outright and two leased along with their premises. These machines collectively have a production capacity of 132 tonnes per day. Between October 2023 and February 2024, Shubhshree Biofuels Energy produced 12,090 tonnes of biomass fuels, accounting for about 23.8% of its total sales, which amounted to approximately 50,600 tonnes.
Shubhshree Biofuels Energy primarily serves the northern states of India, with Haryana, Uttar Pradesh, Rajasthan, and the NCR region being the key contributors to its revenue.
Shubhshree Biofuels Energy IPO Promoters
Company Promoter(s)
- Anurag Agarwal
- Astha Agarwal
- Sagar Agrawal
- Upasna Srivastava Dattani
Promoters Holding
Holding Pre Issue
100.00%
Holding Post Issue
73.45%
Shubhshree Biofuels Energy IPO Objective
The Issue includes a fresh Issue of up to 13,92,000 Equity Shares at an Issue Price of Rs. 119 per Equity Share. The Company intend to utilize the proceeds of the Issue to meet the following objects: -
- Funding Capital Expenditure towards the installation of additional plant and machinery
- To meet working capital requirements
- General Corporate Purpose.
Address / Contact Info
Shubhshree Biofuels Energy Limited
Plot No. 8 Ganesh Vihar B,
Pandit T.N Mishra Marg, Nirman Nagar,
Shyam Nagar (Jaipur), Jaipur - 302019
Phone: +91 9799998880
Email: shubhshree@biomassfuel.co.in
Website: http://www.shubhshreebiofuels.co.in
IPO Snapshot
Book Running Lead Managers
- Hem Securities Limited
Disclaimer: This data is for informational purposes only and does not constitute investment advice. Figures shown are illustrative sample data.
Frequently Asked Questions
Everything you need to know before applying to an IPO.
Shubhshree Biofuels Energy IPO is a Book-building IPO with a total issue size of ₹16.56 crore. The Shubhshree Biofuels Energy IPO price band is ₹113 to 119 per share. The Shubhshree Biofuels Energy IPO subscription opens on Mon, Sep 9, 2024, and closes on Wed, Sep 11, 2024. The Shubhshree Biofuels Energy IPO will be listed on the NSE. Bigshare Services Pvt Ltd is the registrar for the Shubhshree Biofuels Energy IPO.
The Shubhshree Biofuels Energy IPO opens on Mon, Sep 9, 2024 and closes on Wed, Sep 11, 2024
Shubhshree Biofuels Energy IPO Price Band is ₹113 to 119 per share.
Shubhshree Biofuels Energy IPO lot size is 1200 shares, Retail investors need a minimum investment of ₹285600 based on the upper price band
The minimum investment for Shubhshree Biofuels Energy IPO is ₹285600, based on one lot of 1200 shares at the upper price band of ₹119 per share.
Investors can apply for the Shubhshree Biofuels Energy IPO through the ASBA (Application Supported by Blocked Amount) facility offered by their bank or through UPI using a SEBI-registered broker or trading app. Select the desired lot size, enter your bid within the price band, and submit the application before Wed, Sep 11, 2024. The application amount remains blocked until the Shubhshree Biofuels Energy IPO allotment is finalized.
Shubhshree Biofuels Energy IPO issue size is ₹16.56 crores.
Shubhshree Biofuels Energy IPO allotment date is Wed, Jul 1, 2026.
The registrar for Shubhshree Biofuels Energy IPO is Bigshare Services Pvt Ltd. Investors can go to Bigshare Services Pvt Ltd website to check Shubhshree Biofuels Energy IPO allotment status, refund processing, and other IPO-related information.
The Shubhshree Biofuels Energy IPO GMP (Grey Market Premium) is ₹45 as of Wed, Sep 11, 2024. Based on the upper price band of ₹119 per share, the estimated Shubhshree Biofuels Energy IPO listing price is ₹164, indicating a potential listing gain of approximately 0% over the issue price.