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| IPO Listing At | NSE SME |
| SME IPO Issue Type | Book Build Issue |
| Total Issue Size | ₹16.56 Cr |
| Reserved for Market Maker | ₹0.00 Cr |
| Net Issue Size | ₹16.56 Cr |
| Fresh Issue | ₹15.71 Cr |
| Face Value | ₹10 Per Equity Share |
| Price Band | ₹113.00-119.00 per share |
| Discount | Retail: 0.00 |
| NSE Code | SHUBHSHREE |
| Registrar | Bigshare Services Pvt.Ltd. |
| Lead Managers |
Disclaimer: GMP is sourced from grey market dealers and is indicative only. Always conduct your own due diligence.
* Allotment, Refund, Demat Credit & Listing dates are tentative and subject to change.
Minimum bid: 1,200 shares and in multiples thereof
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.
As at March 30, 2024, the company employed 26 people.
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery | 2.13 |
| 2 | To meet working capital requirements | 9.00 |
| 3 | General Corporate Purpose | 3.59 |
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 13.97 | 5.93 | 1.86 |
| Total Income | 94.88 | 59.71 | 7.92 |
| Profit After Tax | 3.30 | 2.42 | 0.27 |
| NET Worth | 7.11 | 2.57 | 0.14 |
| Reserves and Surplus | 3.26 | 2.56 | 0.13 |
| Total Borrowing | 0.61 | 0.91 | 0.49 |
| Amount in ₹ Crore | |||
| KPI | Mar 31, 2024 |
|---|---|
| ROE | 68.15% |
| ROCE | 61.67% |
| Debt / Equity | 0.09% |
| RoNW | 46.36% |
| PAT Margin | 3.50% |
| Metric | Pre IPO | Post IPO |
|---|---|---|
| EPS (₹) | 8.57 | 6.29 |
| P/E (x) | 13.89 | 18.92 |
| Promoter Holding | 100% | 73.45% |
| Market Cap | ₹62.38 Cr. | |
