Shubhshree Biofuels IPO Subscription Status: Shubhshree Biofuels IPO 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 is 13,92,000 shares (Approx ₹16.56 Cr).
- The Retail Quota is 35%
- QIB is 50%
- NII is 15%
The Shubhshree Biofuels IPO is an SME IPO and Listed on NSE SME. Shubhshree Biofuels IPO Price Band is Fixed at ₹119 Equity Share. Shubhshree Biofuels IPO Lot Size is 1200 Shares.
Also Read: Shubhshree Biofuels IPO GMP, Review, Price, Date & IPO Details
Shubhshree Biofuels IPO Subscription Status, Rate bid times
| Inv Category | Shares Reserved | No. of Shares bid for | No. of Times (Subscription) |
|---|---|---|---|
| Qualified Buyers (QIBs) | 233,900 | 73,26,000 | 31.32 |
| Non Institutional Buyers (NIIs) | 199,200 | 4,89,51,600 | 245.74 |
| Retail Individual Buyers (RIIs) | 463,200 | 6,28,33,200 | 135.65 |
| Anchor Investor | 3,93,600 | 3,93,600 | 1 |
| Market Maker | 72,000 | 72,000 | 1 |
| Total | 896,300 | 11,91,10,800 | 132.89 |
Shubhshree Biofuels IPO Subscription Status day-by-day-
| Categories | 9 Sep | 10 Sep | 11 Sep |
|---|---|---|---|
| QIB | 0.00 | 4.47 | 31.32 |
| NII | 1.39 | 6.36 | 245.74 |
| RII | 5.19 | 19.14 | 135.65 |
| Total | 2.99 | 12.47 | 132.89 |
About IPO :
Shubhshree Biofuels 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.
Shubhshree Biofuels holdings Investor Categories
- Qualified Institutional Buyers (QIB).
- Non- Institutional Investors (NII).
- Retail individual Investors (RII).
- Employee (EMP).
- Others (Eligible Shareholders).
Who Is QIB In IPO?
QIB Stands For “Qualified Institutional Buyer” In The Context Of An IPO (Initial Public Offering).
Who Is RII In IPO?
RII Stands For “Retail Individual Investor” In The Context Of An IPO (Initial Public Offering). Retail Individual Investors Are Individual Investors Who Participate In The IPO Alongside Institutional Investors And Non-Institutional Investors. RII Typically Includes Individual Investors Who Do Not Meet The Criteria To Be Classified As Institutional Investors Or Non-Institutional Investors.
Who Is EMP In IPO?
“EMP” In The Context Of An IPO (Initial Public Offering) Typically Stands For “Employee.”
Shubhshree Biofuels Review From MoneyMintIdea –
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