Shubhshree Biofuels Energy Limited

LISTED 🏛️ NSE SME

NSE SME IPO · IPO Guide

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Issue Price

₹113 – ₹119

Listed On

16 Sep 2024

Listing Price

₹189 (+58.82%)

Current Price

₹189 (+58.82%)

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Lot Size Calculator (Rs 119/share)

Application	Lots	Shares	Amount
🏷️ Retail (Min)	1	1,200	₹1,42,800
🏷️ Retail (Max)	2	2,400	₹2,85,600
💼 S-HNI (Min)	3	3,600	₹4,28,400
💼 S-HNI (Max)	7	8,400	₹9,99,600
💼 B-HNI (Min)	8	9,600	₹11,42,400

As per financials, Shubhshree Biofuels Energy Limited has shown good results, RoNW is 46.36% and P/E is respectively 227, 25.74 and 18.92 as per FY22, FY23 and FY24 earnings. So, issue looks fully priced. Company is in business of manufacturing & supplying of biomass fuels primarily in the northern region, which is highly fragmented and competitive business segment. Performance of BRLM is good. So, we give NEUTRAL rating for this IPO. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

As on Date	QIB	NII	RII	Total
Shares Offered / Reserved	2,64,000	1,99,200	4,63,200	9,26,400
Day 1 09-09-24	0 (0)	2,60,400 (1.31)	22,06,800 (4.76)	24,67,200 (2.66)
Day 2 09-24	10,46,400 (3.96)	13,22,400 (6.64)	85,59,600 (18.48)	1,09,28,400 (11.8)
Day 3 11-09-24	73,26,000 (27.75)	4,90,23,600 (246.1)	6,28,33,200 (135.65)	11,91,82,800 (128.65)

Fresh Issue

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( Rs
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( Rs 9/- Cr )General corporate purpose
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Funding Capital Expenditure towards installation of additional plant and machinery. ( Rs 2.13/- Cr )
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To meet working capital requirements. ( Rs 9/- Cr )
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General corporate purposes.
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All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decision
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Readers must consult a qualified financial advisor prior to making any actual investment decisions, based on information published on this applicatio
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With entry barriers, SEBI wants only well informed investors to participate is such SME offer
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With crazy recent listings, SME IPOs have started drawing attention of investors across the boar
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However, as SME issues have entry barriers and continued low preference from broking community, any reader taking decisions based on any information published here does so entirely at own ris
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Above information is based on information available as on date coupled with market perception

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Disclaimer

No financial information whatsoever published herein, should be construed as an offer to buy or sell securities, or as information to make investment decisions, or as an official confirmation of any transaction. All matter published herein is purely for educational and informational purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor prior to making any actual investment decisions.

Period	Total Income	Total Expenses	Profit After Tax (PAT)
FY24	94.88	90.27	3.30
FY23	59.71	56.47	2.42
FY22	7.91	7.59	0.27

Open Date	Sep 09, 2024
Close Date	Sep 11, 2024
Allotment Date	Sep 13, 2024
Listing Date	Sep 16, 2024
Listing Platform	NSE SME
Face Value	₹ 10 Per Equity Share
Issue Price	₹ 113 to ₹ 119 Per Equity Share
Issue Size	Fresh Issue of up to 13,92,000 Equity Shares aggregating up to ₹16.56 Cr
Retail Min Lot	1 Lot (1,200 Shares - ₹ 1,42,800)
Lead Manager	Hem Securities Limited

Shubhshree Biofuels Energy Limited

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