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Open
9 Sep 2024
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Close
11 Sep 2024
3
Allotment
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Listing
Mon, Sep 16, 2024
Price Band
₹113 to ₹119
Issue Size
13,92,000 shares (agg. up to ₹17 Cr)
Lot Size
1,200 Shares
Listing Date
Mon, Sep 16, 2024
Latest GMP
₹75
Est. Gain
63.03%
✦ AI Insight
GMP Trend
16-09-2024₹75Est. ₹194+63.03%
15-09-2024₹75Est. ₹194+63.03%
14-09-2024₹75Est. ₹194+63.03%
Live Subscription
| Category | Subscription (times) |
|---|---|
| Total | 90.52x |
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2024 | 31 Mar 2023 | 31 Mar 2022 |
|---|---|---|---|
| Assets | 13.97 | 5.93 | 1.86 |
| Total Income | 94.88 | 59.71 | 7.92 |
| Profit After Tax | 3.30 | 2.42 | 0.27 |
| NET Worth | 7.11 | 2.57 | 0.14 |
| Reserves and Surplus | 3.26 | 2.56 | 0.13 |
| Total Borrowing | 0.61 | 0.91 | 0.49 |
| Amount in ₹ Crore |
Peer Comparison
| Company | Issue Type | Issue Size | Issue Price | PE Ratio | Listing Day Close | Listing Gain/Loss % | LTP |
|---|---|---|---|---|---|---|---|
| Aeron Composite Ltd. | SME | ₹56.10 Cr | ₹125 | 23.69 | ₹157.50 | +26.00% | ₹83.00 (+1.59%) |
| Associated Coaters Ltd. | SME | ₹5.11 Cr | ₹121 | 20.72 | ₹134.90 | +11.49% | ₹92.00 (+0.00%) |
| Aimtron Electronics Ltd. | SME | ₹87.02 Cr | ₹161 | 27.13 | ₹253.05 | +57.17% | ₹1,345.50 (-2.76%) |
| Vilas Transcore Ltd. | SME | ₹95.26 Cr | ₹147 | 13.12 | ₹225.75 | +53.57% | ₹370.30 (-3.47%) |
| Storage Technologies & Automation Ltd. | SME | ₹29.95 Cr | ₹78 | 48.45 | ₹153.05 | +96.22% | ₹39.70 (+0.00%) |
| Creative Graphics Solutions India Ltd. | SME | ₹54.40 Cr | ₹85 | 17.59 | ₹176.25 | +107.35% | ₹130.35 (-2.03%) |
| Gabriel Pet Straps Ltd. | SME | ₹8.06 Cr | ₹101 | 35.94 | ₹120.75 | +19.55% | ₹113.70 (+4.99%) |
| Megatherm Induction Ltd. | SME | ₹53.91 Cr | ₹108 | 10.68 | ₹207.90 | +92.50% | ₹223.35 (-1.61%) |
| Siyaram Recycling Industries Ltd. | SME | ₹22.96 Cr | ₹46 | 8.3 | ₹57.75 | +25.54% | ₹40.42 (-2.18%) |
| Holmarc Opto-Mechatronics Ltd. | SME | ₹11.40 Cr | ₹40 | 8.09 | ₹68.50 | +71.25% | ₹109.00 (+1.87%) |
| Inox India Ltd. | Mainboard | ₹1,459.32 Cr | ₹660 | 39.22 | ₹939.95 | +42.42% | ₹1,980.20 (-0.77%) |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding Capital Expenditure towards installation of additional plant and machinery | 2.13 |
| 2 | To meet working capital requirements | 9.00 |
| 3 | General Corporate Purpose | 3.59 |
About Shubhshree Biofuels Energy IPO
Shubhshree Biofuels Energy Limited was established in 2013 and supplies biomass fuels, including biomass pellets and briquettes, to customers operating in the recycled material, textile processing, pharmaceutical, metal, etc. sectors. The company has installed three briquetting and pelleting machines, one of which is owned by the company and the other two have been leased together with the premises, which have a combined capacity of 132 tonnes per day. In the period from October 2023 to February 2024, the company produced 12090 tonnes of biomass fuels, while the total sales volume was approximately 50600 tonnes and the share of manufactured goods accounted for approximately 23.8% of the total sales volume. The company's customers are mainly from the northern states of India, especially Haryana, Uttar Pradesh, Rajasthan, and the NCR region. As at March 30, 2024, the company employed 26 people.+ Read More
Contact Details
Shubhshree Biofuels Energy Ltd. AddressPlot No.8 Ganesh Vihar BPandit T.N Mishra Marg, Nirman NagarShyam NagarJaipur, Rajasthan, 302019+91 9799998880shubhshree@biomassfuel.co.inVisit Website