IPO Details
Bidding Dates
09 Sept 24 - 11 Sept 24
Price Range ₹
113 - 119
Total Equity
₹ 16.56Cr
Lot Size
1200
Exchange Status
NSE
IPO Doc
Subscription Rate
Non-Institutional Investor
0.00×
Qualified Institutional Buyers
0.00×
Employees
0.00×
Retail Investors
0.00×
Total subscription Rate
0.00×
IPO Timeline
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
Offer start
09 Sept 2024
Offer end
11 Sept 2024
Allotment
12 Sept 2024
Refund initiation
13 Sept 2024
Demat transfer
13 Sept 2024
Listing
16 Sept 2024
About Company
Established in 2013, Shubhshree Biofuels Energy Limited supplies biomass fuels, including pellets and briquettes, to industries in sectors such as recycled materials, textile processing, pharmaceuticals, and metals. The company operates three briquetting and pelleting machines—one owned and two leased—located on leased premises, with a combined production capacity of 132 tonnes per day. Between October 2023 and February 2024, Shubhshree Biofuels produced 12,090 tonnes of biomass fuels, with total sales reaching approximately 50,600 tonnes, of which manufactured goods contributed about 23.8%. The company primarily serves customers in northern India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region, and employed 26 people as of March 30, 2024.
Year Founded
23-04-2013
Promotor Details
Sagar Agrawal
Promoter Holdings Details
| Particular | Pre-IPO | Post-IPO |
|---|---|---|
| Percentage | 100 | 0 |
| Share Capital | 3850000 | 0 |
Offer to Public
13,92,000.00 Cr
Project Details
- Funding Capital Expenditure towards installation of additional plant and machinery - 20.7cr
Objectives
- 1) Funding Capital Expenditure towards installation of additional plant and machinery.2) To meet working capital requirements.3) General Corporate Purpose.
Highlights
- Strategic location advantage providing easy access to key markets.
- Customer-centric approach, ensuring tailored solutions for client needs.
- Eco-friendly product line, aligning with sustainable practices and environmental awareness.
- Experienced promoter and management team with industry expertise.
- Ability to capitalize on growing government initiatives promoting biomass usage.
Challenges
- The company has a history of net losses, and continued losses or failure to achieve profitability could negatively impact its operations.
- As the biomass fuel industry is still emerging, the company faces resistance from potential customers hesitant to switch from conventional fuels.
- The company relies heavily on a few key clients for a significant portion of its revenue, making it vulnerable to adverse changes in demand or client financial health.
- Its business is concentrated in Northern India, and any unfavorable developments in these regions could negatively affect its revenue and operations.
- The company lacks long-term supply agreements with suppliers, creating potential risks in raw material availability and profitability.
Financials
| Years | Total Assets | Share Capital | Profit After Tax | Consolidated Net Profit | Adjusted EPS |
|---|---|---|---|---|---|
| 2022 | 185.62 | 1.00 | -1.97 | -1.97 | -0.5629 |
| 2023 | 593.12 | 1.00 | 242.38 | 242.38 | 69.2514 |
| 2021 | 47.68 | 1.00 | 329.77 | 329.77 | 8.5655 |
| 2024 | 1,396.84 | 385.00 | 242.38 | 242.38 | 69.2514 |
