ShubhShree Biofuels Energy Ltd has emerged as a key player in biomass supply chain management in India since its inception in 2021. Headquartered in India, the company spans across multiple locations, focusing on sustainability and leveraging cutting-edge technology to manage and supply biomass fuels. In the rapidly growing renewable energy sector, ShubhShree Biofuels Energy stands out for its commitment to clean energy and a sustainable future.

The ShubhShree Biofuels Energy IPO, a Book Built Issue valued at ₹16.56 Crores, opened for subscription on September 9, 2024, and closed on September 11, 2024. The IPO includes 13.92 lakh fresh shares with a price band of ₹113 to ₹119 per share. Investors can check their IPO allotment status on September 12, 2024, with shares expected to be listed on the NSE SME platform on September 16, 2024.

Business Overview and USPs

Since 2021, ShubhShree Biofuels Energy has been instrumental in developing biomass supply chains across India, delivering renewable energy solutions in a sustainable manner. As global attention shifts towards sustainable energy practices, ShubhShree Biofuels Energy aims to establish itself as a leader in the renewable energy industry, specifically in the biomass fuel sector. Their competitive edge lies in their use of advanced technology and a deep commitment to environmental sustainability.

Their core operations involve sourcing, managing, and supplying biomass fuel to various industries, reducing carbon footprints and supporting clean energy initiatives. To explore similar trends in the energy sector, visit {Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi}.

IPO Details and Pricing

The ShubhShree Biofuels Energy IPO is priced in a range of ₹113 to ₹119 per equity share, with a minimum lot size of 1,200 shares. For retail investors, the minimum investment is ₹142,800, while HNIs are required to invest a minimum of ₹285,600 for 2 lots. The issue has been oversubscribed 119.37x, reflecting significant demand among investors.

The lead manager for the issue is Hem Securities Limited, while Bigshare Services Private Limited is the registrar. Hem Finlease Private Limited serves as the market maker, ensuring liquidity on the NSE SME exchange.

Financial Performance and Grey Market Premium (GMP)

ShubhShree Biofuels Energy has demonstrated an impressive financial growth trajectory. The company's revenue grew from ₹791.83 Lakhs in FY22 to ₹5,971.24 Lakhs in FY23, and further surged to ₹9,488.32 Lakhs in FY24. Similarly, EBITDA increased from ₹34.21 Lakhs in FY22 to ₹415.82 Lakhs in FY24, while PAT jumped from ₹27.46 Lakhs in FY22 to ₹329.77 Lakhs in FY24. These figures underscore the company's robust financial health and its potential for continued growth in the biomass energy sector.

The Grey Market Premium (GMP) for the ShubhShree Biofuels Energy IPO is estimated to be in the range of ₹50 to ₹60, indicating a 40% to 50% potential listing gain. However, investors should note that GMP is driven by unofficial market activity and may fluctuate before the actual listing.

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Subscription Status and Allotment

The ShubhShree Biofuels Energy IPO was subscribed a staggering 119.37 times by the closing date, reflecting strong interest from investors across categories. Investors who applied can check their allotment status on September 12, 2024 by visiting the registrar’s website or {Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi}.

To check the allotment status, follow these steps:

Visit the IPO allotment status page on the registrar’s website.

Select ShubhShree Biofuels Energy Limited IPO from the dropdown.

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

Submit the details to view your allotment status.

For live subscription updates and allotment results, check the NSE SME platform or {Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi}.

Company Leadership and Promoters

The company is led by a dynamic team of promoters: Anurag Agarwal, Aastha Agarwal, and Sagar Agrawal. Sagar Agrawal, with over 10 years of experience in the biomass fuel sector, is instrumental in driving the company’s strategic initiatives. Anurag and Aastha bring a combined three years of experience in biomass energy, contributing to the company’s rapid growth and expansion.

Their leadership has enabled ShubhShree Biofuels Energy to become a frontrunner in the biomass supply chain management space, with a commitment to sustainable energy solutions. For insights into the broader energy market, visit {Finance Saathi Telegram Channel}.

Objectives of the IPO

The proceeds from the ShubhShree Biofuels Energy IPO will be used to meet the following objectives:

₹212.52 Lakhs for capital expenditure on the installation of additional plant and machinery.

₹900.00 Lakhs to fund working capital requirements.

Funds for general corporate purposes.

These objectives align with the company's growth strategy of expanding its operational capacity and ensuring a steady supply chain for biomass fuels.

Conclusion

The ShubhShree Biofuels Energy IPO provides an opportunity to invest in a rapidly growing sector of renewable energy. With a strong focus on sustainability, cutting-edge technology, and a robust financial performance, ShubhShree Biofuels Energy is well-positioned for continued success in the biomass energy market.

Investors seeking listing gains can benefit from the high Grey Market Premium, while those with a long-term perspective may find value in the company’s potential for continued growth in a sustainable and expanding industry.

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