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Shubhshree Biofuels Energy IPO
Price Band
₹113.0–119.0
Issue Size
₹16.56 Cr
Lot Size
1,200 shares
Min Investment
₹142,800
GMP
+₹75.0 (63.03%)
Issue Price
₹119.0
Subject to Sauda
₹68400
Paid only if allotted
Shubhshree Biofuels Energy IPO AI Summary
- Shubhshree Biofuels Energy IPO is listed on NSE SME in the Other Industrial Products sector.
- Price band: ₹113.0–₹119.0 per share, lot size 1,200 shares (min. investment ₹142,800).
- Subscription window: 09 Sep–11 Sep 2024, listing on 16 Sep 2024.
- Current GMP is +₹75.0 (63.03%), an estimated listing price of ₹194 — unofficial and can change daily.
Shubhshree Biofuels Energy Limited is entering the market with an IPO priced at ₹119.0, aiming to raise ₹16.56 Cr. The company has demonstrated significant revenue growth and profitability over the past few years, with plans to utilize the proceeds for capital expenditure and working capital needs.
TopFund is not SEBI-registered — this is educational analysis, not personalized investment advice.
Shubhshree Biofuels Energy IPO — Third-Party Research Views
Reviews below reflect analyst calls made before this IPO closed on 11 Sep 2024 — not a current signal.
Recommendations are sourced from third-party research firms and are not TopFund's own investment advice.
Important Dates
Subscription Status
Subscription data unavailable
Shubhshree Biofuels Energy IPO Grey Market Premium (GMP) Today
GMP
+₹75.0
GMP %
+63.03%
Est. Listing
₹194.0
Updated: 25 Jul 2026 14:04
About the Company
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.
Company Financials (₹ Cr)
As of 2024-03-31
| 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 |
Key Ratios
EPS
₹8.57
NAV
₹18.56
ROE
68.15%
ROCE
61.67%
RoNW
46.36%
P/E Ratio
13.89
Market Cap
₹62.38 Cr
PAT Margin
3.50%
Debt/Equity
0.09
Peer Comparison
| Company | RoNW | P/E (x) | EPS Basic | EPS Diluted |
|---|---|---|---|---|
| Shubhshree Biofuels Energy Limited This IPO | 46.36% | 18.9 | 8.6 | 8.6 |
Promoters
Anurag Agarwal, Astha Agarwal, Sagar Agrawal and Upasna Srivastava Dattani
Objects of the Issue
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects: # 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
IPO Evaluation
Generated 23 Sep 2026Revenue Trend
Total income was ₹7.92 Cr in the year ending 31 Mar 2022, rising to ₹59.71 Cr by 31 Mar 2023, and further increasing to ₹94.88 Cr by 31 Mar 2024.
Profit Trend
Profit After Tax was ₹0.27 Cr in the year ending 31 Mar 2022, increasing to ₹2.42 Cr by 31 Mar 2023, and further rising to ₹3.30 Cr by 31 Mar 2024.
Valuation
The company's implied P/E at the issue price of ₹119.0 is 13.89, compared to peers trading at a P/E of 18.9.
Grey Market Premium, Explained
The Grey Market Premium (GMP) is an unofficial indicator of the expected listing price of an IPO. It reflects the difference between the issue price and the expected market price on the listing day. A positive GMP indicates that the stock may list at a higher price than the issue price, while a negative GMP suggests the opposite.
Who This IPO Suits
Investors comfortable with short-term volatility and a long-term horizon typically weigh IPOs like this against their investment goals and risk tolerance. It's important to consider the company's financial health, growth prospects, and market conditions before making a decision.
Who May Want to Wait
Investors who prefer stable, established companies with predictable earnings and lower risk profiles may want to avoid this IPO, as it may involve higher volatility and uncertainty.
IPO Timeline, Explained
The IPO will open for subscription on September 9, 2024, and close on September 11, 2024. Allotment of shares is expected to be finalized by September 12, 2024, with the listing date set for September 16, 2024.
Listing Gains — The Risk
Listing gains refer to the profit made when an IPO shares are sold on the listing day at a price higher than the issue price. However, investing in IPOs carries risks, including market volatility and the potential for the stock price to decline after listing.
This evaluation is generated from Shubhshree Biofuels Energy's own public IPO filing data for educational purposes and is not investment advice or a recommendation to apply, subscribe to, or avoid this issue — see Broker Recommendations below for named third-party research views (clearly attributed, not TopFund's own). TopFund is not a SEBI-registered investment adviser — see our Disclaimer.
Frequently Asked Questions
What is Shubhshree Biofuels Energy IPO GMP today?
Shubhshree Biofuels Energy IPO GMP today is +₹75.0 (63.03%), indicating an estimated listing price of ₹194. GMP is an unofficial grey-market indicator and can change daily.
What is the price band of Shubhshree Biofuels Energy IPO?
The price band of Shubhshree Biofuels Energy IPO is ₹113.0–₹119.0 per share.
When does Shubhshree Biofuels Energy IPO open and close?
Shubhshree Biofuels Energy IPO opens on 09 September 2024 and closes on 11 September 2024.
When does Shubhshree Biofuels Energy IPO list on the stock exchange?
Shubhshree Biofuels Energy IPO listed on 16 September 2024 at ₹194.0.
What is the lot size for Shubhshree Biofuels Energy IPO?
The lot size for Shubhshree Biofuels Energy IPO is 1200 shares, requiring a minimum investment of ₹142,800.
What is the lot size for this IPO?
The lot size for Shubhshree Biofuels Energy's IPO is 1200 shares.
What is the minimum investment required?
The minimum investment required is ₹142,800.
What is the price band for the IPO?
The price band for the IPO is ₹113.0 to ₹119.0.
When is the listing date for the IPO?
The listing date for the IPO is September 16, 2024.
What does GMP mean?
GMP stands for Grey Market Premium, which indicates the expected listing price of the IPO in the grey market.
Issue Details
Investor Allocation
Registrar
Lead Managers / Book Running
IPO Timeline
Open
09 Sep 2024
Close
11 Sep 2024
Allotment
12 Sep 2024
Listing
16 Sep 2024
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