Shubhshree Biofuels IPO Date : Shubhshree Biofuels IPO Date is Open on 9 September 2024 and Close on 11 September 2024. Shubhshree Biofuels IPO to Raise 13,92,000 shares (Approx ₹16.56 Cr) via IPO. The Fresh issue of 13,92,000 shares (Approx ₹16.56 Cr).
Our Company is engaged in the business of supplying of biomass fuels, which includes biomass pellets and briquettes. These biomass fuels are an alternative source of energy which are basically used in commercial and industrial heating, cooking fuel, industrial burning and electricity generation, as an alternative to fossil fuels like coal, firewood, lignite, Agri-waste etc.
The briquettes are majorly used for industrial purposes like running boilers etc. and the pellets are majorly used as cooking fuel or commercial purposes. We are currently selling these pellets and briquettes to customers who are engaged in the business of recycling material, textile processing, pharmaceutical, metal etc.
These Biomass pellets and briquettes are built from recycled green waste, producing less greenhouse gas emission. The main raw material used in the manufacturing of biomass fuels include Agri-waste, saw dust, farm waste etc. These raw materials are procured from the farmers and nearby sources either directly or through dealers and brokers.
Apart, from the biomass manufactured by our company, we are also involved in the supplying of the biomass pellets and briquettes, which are procured from different vendors who are engaged in the manufacturing of these biomass fuels.
Our Products –
- Biomass Pellets
- Biomass fuel Briquettes
Shubhshree Biofuels IPO Date & Price Band Details
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| IPO Size | 13,92,000 shares (Approx ₹16.56 Cr) |
| Fresh Issue | 13,92,000 shares (Approx ₹16.56 Cr) |
| Lot Size | 1200 Shares |
| IPO Face Value | ₹10 Per Equity Share" |
| IPO Price Band | ₹113 to ₹119 Per Every Share |
| IPO Listing On | NSE SME |
| IPO Retail Quota | 35% |
| IPO QIB Quota | 50% |
| IPO NII Quota | 15% |
| DRHP Draft | Click Here |
| Anchor Investor | Click Here |
Shubhshree Biofuels IPO Market Lot Details
| Application | Lot Size | Shares | Amount |
|---|---|---|---|
| Retail Minimum | 1 | 1200 | ₹142,800 |
| Retail Maximum | 1 | 1200 | ₹142,800 |
| S-HNI Minimum | 2 | 2400 | ₹285,600 |
Object of the Issue
- Funding Capital Expenditure towards installation of additional plant and machinery.
- To meet working capital requirements.
- General Corporate Purpose.
Shubhshree Biofuels IPO Allotment & Listings (Details)
| IPO Open Date | 9 Sep 2024 |
|---|---|
| IPO Close Date | 11 Sep 2024 |
| Basis of Allotment | 12 Sep 2024 |
| Refunds | 13 Sep 2024 |
| Credit to Demat Account | 13 Sep 2024 |
| IPO Listing Date | 16 Sep 2024 |
Shubhshree Biofuels Financial Reports
| ₹ in Crores | |||
|---|---|---|---|
| Year | Revenue | Expense | PAT |
| Sep 2023 | ₹43.86 | ₹42.03 | ₹1.37 |
| 2023 | ₹59.71 | ₹56.47 | ₹2.42 |
| 2022 | ₹7.92 | ₹7.60 | ₹0.27 |
| 2021 | ₹0.19 | ₹0.20 | ₹0.02 |
Our Company Promoters
- Sagar Agrawal
- Anurag Agarwal
- Aastha Agarwal
- Upasna Srivastava Dattani
Qualitative Factors
- Location Advantage.
- Customer Centric Approach.
- Eco- friendly product.
- Experienced Promoter and Management team.
Also Read: Aditya Ultra Steel IPO
Shubhshree Biofuels Company Contact Details
Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg, Nirman Nagar, Shyam Nagar,
Jaipur, Rajasthan, India, 302019
Tel. No.: +91 9799998880
Email: shubhshree@biomassfuel.co.in
Website: www.shubhshreebiofuels.co.in
Shubhshree Biofuels Lead Manager
Hem Securities Limited
904, A Wing, Naman Midtown, Senapati
Bapat Marg, Elphinstone Road, Lower Parel, Mumbai400013, Maharashtra, India
Tel No.:+91-22-4906 0000
Email: ib@hemsecurities.com
Website: www.hemsecurities.com
Contact Person: Sourabh Garg
Shubhshree Biofuels IPO Registrar
Bigshare Services Private Limited
S6-2, 6th Floor, Pinnacle Business Park, Next to
Ahura Centre, Mahakali Caves Road, Andheri (East)
Mumbai – 400093, India.
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Investor Grievance Email: investor@bigshareonline.com
Contact Person: Babu Rapheal
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