Shubhshree Biofuels Energy Limited

Company Profile
Company Name Shubhshree Biofuels Energy Limited
Open Date 09-09-2024
Close Date 11-09-2024
Exchange NSE SME
Lot Size 1,200
Issue Price ₹113 to ₹119 per share
Issue Size ₹16.56 Cr
Application Amount ₹142,800
Recommendation Avoid
Company Background –  Incorporated in 2013, the company has their registered office in Jaipur, Rajasthan, India.  Business Activity: They manufacture and supply biomass fuels like pellets and briquettes, offering a greener alternative to fossil fuels. Their aim is to provide eco-friendly and sustainable energy solutions by utilizing agricultural waste and other renewable sources.  Revenue Generation: Biomass fuels serve as the primary revenue engine for the company, with biomass pellets contributing approximately 35% and briquettes contributing a substantial 58% to the total revenue in FY 2023-24, collectively accounting for over 92% of the company's overall revenue.  Customer Base: Food & beverages, FMCG, Chemical, Pharmaceuticals, Thermal power plants or other industry having heat applications like Distillery, Ceramics, Textiles, Refinery, Steel & Metal, Power Generation for heat generation  As of March 30, 2024, company had 26 employees.
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Amount in Lakhs

KPI's FY 22 FY 23 FY 24
Revenue 791.82 5,861.60 9,414.60
EBITDA 34.21 226.28 423.41
Net Profit 27.46 242.37 329.76
RoCE 50.47% 63.83% 53.50%
ROE 194.48% 94.49% 46.36%
P/E 165.28 18.77 13.84

Tentative Timeline

Opening Date 09-09-2024
Closing Date 11-09-2024
Basis of Allotment 12-09-2024
Initiation of Refunds 13-09-2024
Credit of Shares to Demat 13-09-2024
Listing Date 16-09-2024

Objects of the Issue

Funding Capital Expenditure towards the installation of additional plant and machinery;
To meet working capital requirements; and
General Corporate Purpose.

Contact Information

Registered Office Shubhshree Biofuels Energy Limited Plot No. 8 Ganesh Vihar B, Pandit T.N Mishra Marg, Nirman Nagar, Shyam Nagar (Jaipur), Jaipur - 302019
Phone +91 9799998880
Email shubhshree@biomassfuel.co.in
Website http://www.shubhshreebiofuels.co.in/

Offer Documents

DRHP
RHP

Registrar Details

Name Bigshare Services Pvt Ltd
Phone +91-22-6263 8200
Email ipo@bigshareonline.com
Website https://ipo.bigshareonline.com/ipo_status.html

IPO Reservation

Investor Category Shares Offered
QIB Shares Offered Not more than 50.00% of the Net offer
Retail Shares Offered Not less than 35.03% of the Net Issue
NII (HNI) Shares Offered Not less than 15.00% of the Offer

Shareholding Pattern

Pre-Issue Post-Issue
100.00% 73.45%

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