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Shubhshree Biofuels Energy Limited IPO

Shubhshree Biofuels Energy Limited IPO

IPO Date :
Issue Price :
Allotment Date :
Listing Date :
List Price :
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Listed Price: ₹ 189.00 (+58.82%)

Having completed its public offering, Shubhshree Biofuels Energy Limited's is now listed and trading on the NSE exchange as of 16-09-2024. The IPO raised cumulative capital of 13,92,000 Shares, including 13,92,000 Shares in primary capital infusion.

The IPO was conducted with a price range of ₹113 to ₹119 and minimum investment requirement of 1200 shares. subscription activity between 09-09-2024 and 11-09-2024 reflected market assessment of the offering's valuation and prospects.

The allotment process finalized on 12-09-2024 distributed equity ownership to successful bidders. The listing established a transparent market mechanism for share trading, price discovery, and investor participation in the company's future growth.

Shubhshree Biofuels IPO Details
Lot(s) Distribution

Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.

IPO Reservation
Shubhshree Biofuels IPO Key Performance Indicator
Company Financials ( In Lakhs )

Shubhshree Biofuels IPO About Company

Shubhshree Biofuels Energy Limited, founded in 2013, is a growing name in the biomass fuel industry. The company supplies biomass pellets and briquettes to various industries like recycling, textiles, pharmaceuticals, and metals. It operates three briquetting and pelleting machines—one owned and two on lease—with a total daily production capacity of 132 tonnes. Between October 2023 and February 2024, the company produced 12,090 tonnes of biomass fuel, making up 23.8% of its total sales volume of around 50,600 tonnes. Shubhshree mainly serves customers in northern India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, the company has a team of 26 employees.


Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."


Shubhshree Biofuels IPO Strength Factors

  1. Location Advantage: Shubhshree Biofuels Energy Limited is located in northern India, serving key markets in Haryana, Uttar Pradesh, Rajasthan, and the NCR region. This prime location helps deliver products faster and at lower transportation costs.
  2. Customer-Centric Approach: The company focuses on customer needs by offering customized biomass fuel solutions for different industries, ensuring satisfaction and long-lasting partnerships.
  3. Eco-Friendly Product: Shubhshree’s biomass pellets and briquettes are green alternatives to traditional fuels, helping industries reduce their carbon footprint and protect the environment.

Shubhshree Biofuels IPO Risk Factors

  1. Past Losses: The company has faced losses before, and if it continues to struggle or doesn't become profitable, it could affect its business operations.
  2. Market Adoption Challenges: Since the biomass fuel industry is still new, some customers may prefer sticking to traditional fuels, which could slow down the company's growth.
  3. Manufacturing and Supply Chain Risks: The company recently started making biomass pellets and doesn't have long-term supply deals yet, which could cause supply disruptions and affect profits.

Shubhshree Biofuels IPO Lead Manager(s)

  • Hem Securities Limited

Shubhshree Biofuels IPO Promoter(s)

  1. Anurag Agarwal
  2. Astha Agarwal
  3. Sagar Agrawal
  4. Upasna Srivastava Dattani

Shubhshree Biofuels IPO Company Details

Shubhshree Biofuels Energy Limited
Phone:
address:

Shubhshree Biofuels IPO Registrar

Bigshare Services Private Limited
Name:
Phone:

Shubhshree Biofuels IPO FAQs