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/
Last updated on 11-Sep-2024 17:07:11
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIB | 264000 | 7326000 | 27.75 |
| NIB | 199200 | 49023600 | 246.1 |
| RETAIL | 463200 | 62833200 | 135.65 |
| Total | 926400 | 119182800 | 128.65 |
| Retail Apps | 52361 | © IPO Premium | |
| HNI Interest Cost Per Share (7 Days) | |||||
|---|---|---|---|---|---|
| @7% ₹39.32 | @8% ₹44.93 | @9% ₹50.55 | @10% ₹56.16 | @11% ₹61.78 | @12% ₹67.4 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 1200 | 142800 | 386 |
| HNI | 2 | 2400 | 285600 | 166 |
IPO Reservation
| Investor Category | Shares Offered | No. of Shares |
|---|---|---|
| Retail | 33.28% | 463200 |
| NII (HNI) | 14.31% | 199200 |
| Anchor | 28.28% | 393600 |
| QIB | 18.97% | 264000 |
| Market Maker | 5.16% | 72000 |
| Total | 100.00% | 1392000 |
IPO Details
| Total Issue Size | 1,392,000 shares (aggregating up to 16.56 Cr) |
| Fresh Issue | 1,392,000 shares (aggregating up to 16.56 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Share holding pre issue | 38,50,000 |
| Share holding post issue | 52,42,000 |
| Market Maker portion | 72,000 shares Hem Finlease |
Key Perforamance Indicators
| KPI | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| ROCE | 61.67% | 94.32% | 50.71% |
| RONW | 46.36% | 94.50% | 194.54% |
| D/E | 0.09 | 0.36 | - |
| EPS (basic) | 8.6 | 6.34 | 0.72 |
| P/E Pre IPO | 13.89 | ||
| P/E Post IPO | 18.92 |
Financial Statement (restated)
| Period Ended | Mar-24 | Mar-23 | Mar-22 |
|---|---|---|---|
| Assets | 1,396.84 | 593.12 | 185.61 |
| Revenue | 9,488.32 | 5,971.24 | 791.83 |
| Profit After Tax | 329.77 | 242.38 | 27.46 |
| Net Worth | 711.27 | 256.5 | 14.12 |
| Reserves and Surplus | 326.27 | 255.5 | 13.12 |
| Total Borrowing | 60.66 | 91.06 | 48.82 |
| Amount in Lakhs | |||
About Company
Shubhshree Biofuels Energy Limited, established in 2013, is a key player in the biomass fuel sector, providing a range of products including biomass pellets and briquettes to industries such as recycled material processing, textile manufacturing, pharmaceuticals, and metals. The company operates three briquetting and pelleting machines—one owned and two leased—along with their premises, boasting a combined production capacity of 132 tonnes per day. From October 2023 to February 2024, Shubhshree produced 12,090 tonnes of biomass fuels, representing 23.8% of its total sales volume of approximately 50,600 tonnes. The company predominantly serves clients in the northern states of India, including Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As of March 30, 2024, Shubhshree Biofuels Energy Limited employs 26 staff members.
Strength
Location Advantage: Strategically positioned in northern India, Shubhshree Biofuels Energy Limited taps into a large market across Haryana, Uttar Pradesh, Rajasthan, and the NCR region, ensuring efficient distribution and lower transportation costs.
Customer-Centric Approach: The company prioritizes client needs by offering tailored biomass fuel solutions for various industries, enhancing customer satisfaction and fostering long-term relationships.
Eco-Friendly Product: Shubhshree’s biomass pellets and briquettes are sustainable alternatives to traditional fuels, contributing to environmental conservation and supporting industries in reducing their carbon footprint.
Weakness
Historical Net Losses: The company has experienced net losses in the past, and any continuation of these losses or failure to achieve profitability could negatively impact operations.
Market Adoption Challenges: The biomass fuel industry is still emerging and faces resistance from customers reluctant to switch from conventional fuels, potentially affecting market penetration and growth.
Manufacturing and Supply Chain Risks: With recent entry into biomass pellet manufacturing and no long-term supply agreements in place, the company may encounter operational instability and supply chain issues that could impact business performance and profitability.