ShubhShree Biofuels Energy IPO Review - Issue Date, Price, GMP, Subscription, Allotment, Lot Size, and Details

ShubhShree Biofuels Energy IPO Review

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.

The promoters of the company are Anurag Agarwal, Aastha Agarwal and Sagar Agrawal. Sagar Agrawal is a Promotor having an experience of over 10 years and Anurag Agarwal and Aastha Agarwal having an experience of over 3 years in the field of Biomass fuels.

Financially, ShubhShree Biofuels Energy revenue jumped from ₹791.83 Lakhs in FY22 to ₹5,971.24 Lakhs in FY23 and currently at9,488.32 Lakhs in FY24. Similarly, EBITDA increased from ₹34.21 Lakhs in FY22 to ₹225.46 Lakhs in FY23 and currently at ₹415.82 Lakhs in FY24. The PAT also increased from ₹27.46 Lakhs in FY22 to ₹242.38 Lakhs in FY23 and currently at ₹329.77 Lakhs in FY24. This indicates a steady financial performance.

For the ShubhShree Biofuels Energy IPO, the company is issuing shares at a pre-issue EPS of ₹8.60 and a post-issue EPS of ₹8.56. The pre-issue P/E ratio is 13.83x, while the post-issue P/E ratio is 13.90x. The company's ROCE for FY24 is 61.67% and ROE for FY24 is 68.15%. These metrics suggest that the IPO is fairly priced.

The Grey Market Premium (GMP) of ShubhShree Biofuels Energy showing potential listing gains of 40% - 50%. Given the company's financial performance and the valuation of the IPO, we recommend Investors to Apply to the ShubhShree Biofuels Energy Limited IPO for Listing gain or long term investment purposes.

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