ShubhShree Biofuels Energy Ltd, a prominent player in Biomass Supply Chain Management since 2021, has made significant strides in India’s renewable energy landscape. The company is committed to sustainability and the use of cutting-edge technology to transform the energy sector. By operating across multiple locations in India, ShubhShree Biofuels Energy aims to drive growth in the biomass fuel sector, contributing to India's push towards clean energy.

The company’s IPO is a Book Built Issue amounting to ₹16.56 Crores, entirely comprising a fresh issue of 13.92 lakh shares. The IPO subscription opened on September 9, 2024, and closes on September 11, 2024. The price band is set between ₹113 and ₹119 per share, with a minimum lot size of 1,200 shares. Retail investors must make a minimum investment of ₹142,800, while HNIs need to invest at least ₹285,600 for 2 lots (2,400 shares). The shares are scheduled to list on the NSE SME platform on September 16, 2024.

HEM Securities Limited is the book-running lead manager, and Bigshare Services Private Limited is acting as the registrar for this issue. Hem Finlease Private Limited will serve as the market maker.

Financial Growth and Performance:

ShubhShree Biofuels Energy has demonstrated remarkable growth since its inception. The company’s revenue surged from ₹791.83 Lakhs in FY22 to an impressive ₹9,488.32 Lakhs in FY24. This dramatic rise in revenue highlights the demand for biomass fuel solutions and the company’s leadership in this sector.

Similarly, EBITDA improved from ₹34.21 Lakhs in FY22 to ₹415.82 Lakhs in FY24, reflecting the company's ability to manage its operations efficiently. The Profit After Tax (PAT) grew from ₹27.46 Lakhs in FY22 to ₹329.77 Lakhs in FY24, underscoring consistent profitability.

To dive deeper into the company's financial performance, check out the financial analysis of ShubhShree Biofuels Energy Ltd.

Grey Market Premium (GMP) and IPO Subscription Status:

As of September 10, 2024, the Grey Market Premium (GMP) for ShubhShree Biofuels Energy IPO stands between ₹50 and ₹60, indicating potential 40%-50% listing gains. The GMP reflects robust demand for the shares and investor confidence in the company’s growth trajectory.

At 12:11 PM on September 10, 2024, the live subscription status of the IPO shows that it has been subscribed 5.50 times, demonstrating high interest among retail and institutional investors alike.

For real-time updates on IPO subscription status, visit NSE Live Subscription and stay informed about the latest market trends.

Objectives of the ShubhShree Biofuels Energy IPO:

The funds raised through this IPO will be allocated toward the following objectives:

₹212.52 Lakhs will be invested in capital expenditure for the installation of additional plant and machinery.

₹900 Lakhs will be used to meet the working capital requirements.

The remaining funds will be directed toward general corporate purposes.

For a detailed breakdown of how the IPO funds will be used, visit our IPO insights page.

Leadership and Expertise:

ShubhShree Biofuels Energy is led by an experienced promoter team, including Anurag Agarwal, Aastha Agarwal, and Sagar Agrawal. Sagar Agrawal brings over 10 years of experience in the field of biomass fuels, while Anurag and Aastha each have more than 3 years of experience. Together, they have steered the company to its current position as a leader in biomass supply chain management.

The leadership’s commitment to sustainable energy solutions has been instrumental in driving growth and expanding the company’s operations across India.

Allotment and Listing Details:

The allotment date for ShubhShree Biofuels Energy IPO is expected to be September 12, 2024. Investors can check their allotment status by following these steps:

Visit the IPO allotment status page.

Select ShubhShree Biofuels Energy Limited IPO from the dropdown menu.

Enter your application number, PAN, or DP Client ID.

Submit the details to view your allotment status.

Stay updated on your IPO allotment status and prepare for the next steps with our allotment status page.

Conclusion:

The ShubhShree Biofuels Energy IPO presents a compelling opportunity for investors seeking exposure to sustainable energy and biomass fuel solutions. With a strong financial track record, expert leadership, and a promising Grey Market Premium signaling potential 40%-50% listing gains, this IPO is attractive for both long-term investors and those looking for listing gains.

While the post-issue P/E ratio of 13.90x indicates a fair valuation, the company's strong Return on Capital Employed (ROCE) of 61.67% and Return on Equity (ROE) of 68.15% suggest that ShubhShree Biofuels Energy is well-positioned for future growth.

We recommend investors consider applying for the IPO, especially those with a medium to high-risk appetite. For the latest IPO reviews and expert advice, join our Telegram channel to stay updated on all market developments.

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