ShubhShree Biofuels Energy Limited IPO GMP

ShubhShree Biofuels Energy Ltd is the leading contributor in Biomass Supply Chain Management, in India, since 2021. Spanning across multiple locations in India, they prioritize sustainability and cutting edge technology.

ShubhShree Biofuels Energy, an Book Built Issue amounting to ₹16.56 Crores, consisting entirely an Fresh Issue of 13.92 Lakh Shares. The subscription period for the ShubhShree Biofuels Energy IPO opens on September 09, 2024, and closes on September 11, 2024. The allotment is expected to be finalized on or about Thursday, September 12, 2024, and the shares will be listed on the NSE SME with a tentative listing date set on or about Monday September 16, 2024.

The Share price band of ShubhShree Biofuels Energy IPO is set at ₹113 to ₹119 equity per share, with a minimum lot size of 1,200 shares. Retail investors are required to invest a minimum of ₹142,800, while the minimum investment for High-Net-Worth Individuals (HNIs) is 2 lots (2,400 shares), amounting to ₹285,600.

HEM SECURITIES LIMITED is the book-running lead manager, BIGSHARE SERVICES PRIVATE LIMITED is the registrar for the Issue. Hem Finlease Private Limited is the sole Market Marker for the ShubhShree Biofuels Energy IPO.

ShubhShree Biofuels Energy Limited IPO GMP Today
The Grey Market Premium of ShubhShree Biofuels Energy Limited IPO is expected in the range of ₹50 to ₹60 based on the financial performance of the company. No real trading is done on the basis of Grey Market Premium that's why no real discovery of price can be done before the listing of shares on the stock exchange. The Grey Market Premium totally depends upon the Demand and Supply of the shares of the company in unorganized manner which is not recommended. The Grey Market Premium is mentioned for educational and informational purposes only.

ShubhShree Biofuels Energy Limited IPO Live Subscription Status Today
As of 06:00 PM on 11 September 2024, the ShubShree Biofuels Energy Limited IPO live subscription status shows that the IPO subscribed 119.37 times on its Final day of subscription period. Check the ShubShree Biofuels Energy Limited IPO Live Subscription Status Today at NSE.

ShubhShree Biofuels Energy Limited IPO Allotment Status
ShubhShree Biofuels Energy  IPO allotment date is 12 September, 2024, Thursday. ShubhShree Biofuels Energy IPO Allotment will be out on 12th August 2024 and will be live on Registrar Website from the allotment date. Check SubhShree Biofuels Energy Limited IPO Allotment Status here. Here's how you can check the allotment status:
- Navigate to the IPO allotment status page.
- Select ShubhShree Biofuels Energy Limited IPO from the dropdown list of IPOs.
- Enter your application number, PAN, or DP Client ID.
- Submit the details to check your allotment status.
By following either of these methods, investors can quickly determine their allotment status and proceed accordingly with their investments.

Objectives of ShubhShree Biofuels Energy Limited IPO
ShubhShree Biofuels Energy Issue Proceeds from the Fresh Issue will be utilized towards the following objects : 
1) ₹212.52 Lakhs is required for Funding Capital Expenditure towards installation of additional plant and machinery.; 
2) ₹900.00 Lakhs is required for To meet working capital requirements; 
3) General Corporate Purpose.

Refer to ShubhShree Biofuels Energy Limited RHP for more details about the Company.