Issue Price
₹119
Per Share
GMP
NIL
Grey Market
Est. Listing
₹119
Expected Price
Min. Application
₹285,600
2 lots × 1200 shares
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.
Shubhshree Biofuels Energy Ltd proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| Market Maker | 72,000 | — | ₹0.86 Cr | — |
| TOTAL | 1,392,000 | 100.00% | ₹16.56 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 1,200 | ₹142,800 |
| Retail (Max) | 13 | 15,600 | ₹1,856,400 |
| sNII (Min) | 14 | 16,800 | ₹1,999,200 |
| bNII (Min) | 68 | 81,600 | ₹9,710,400 |
| Particulars | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Revenue from Operations | 9488.32 | 5971.24 | 791.83 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 329.77 | 242.38 | 27.46 |
| Net Worth | 711.27 | 256.50 | 14.12 |
| Total Assets | 1396.84 | 593.12 | 185.61 |
| Reserves & Surplus | 326.27 | 255.50 | 13.12 |
| Total Borrowings | 60.66 | 91.06 | 48.82 |