Shubhshree Biofuels Energy IPO

Shubhshree Biofuels Energy Ltd

₹1,35,600 /1200 sharesMinimum Investment

Shubhshree Biofuels Energy IPO Details

Bidding DatesMin. InvestmentLot SizePrice Range
9 Sep ‘24 - 11 Sep ‘24₹1,35,6001,200₹113 - ₹119
Issue SizeIPO Doc
16.56Cr
RHP PDF

Subscription rate

As of 11 Sep'24, 05:00 PM
Qualified Institutional Buyers0.00x
Non-Institutional Investor0.00x
Retail Individual Investor0.00x
Total115.37x

About Shubhshree Biofuels Energy

Shubhshree Biofuels Energy is a manufacturer and supplier of biomass fuels. This includes biomass pellets and briquettes. These products serve as alternative energy sources primarily used in commercial and industrial heating, cooking, industrial burning, and electricity generation. Specifically, briquettes are used in industrial applications for powering boilers, while pellets are usually used for cooking and commercial heating purposes. The company markets its biomass pellets and briquettes to different industries, including recycling materials, textile processing, pharmaceuticals, and metal production. Besides its manufacturing segment, the company also sources and supplies pellets and briquettes from other manufacturers.;
Founded in
2013
Managing director
Mr. Sagar Agrawal
Parent organisation
Shubhshree Biofuels Energy Ltd

Strengths & Financials of Shubhshree Biofuels Energy

Strengths
Risks
The company produces eco-friendly products, i.e, bio-pellets and briquettes, which are an effective alternative to fossil fuels like coal, gas, lignite, etc that are not environment-friendly.
The company sold 9,700 tonnes of biomass in FY22, which then increased by almost 500% to 59,400 tonnes in FY23 and then further increased to 121,800 tonnes in FY24.
The company has seen a consistent increase in revenue from operations and profit after tax (PAT). Revenue from operations increased from Rs 7.92 crore in FY22 to Rs 58.62 crore in FY23 to Rs 94.15 crore in FY24. PAT increased from Rs 0.27 crore in FY22 to Rs 2.42 crore in FY23 to Rs 3.30 crore in FY24.
It’s only been a year since Shubhshree Biofuels Energy commenced the manufacturing of bio-pellets. Being a supplier of biomass fuels, the company may take some time to stabilise the pellet manufacturing process.
Even though Shubhshree Biofuels Energy has started its manufacturing facilities, the company’s sales revenue is dependent on third-party suppliers for the supply of biomass. Additionally, it does not have any long-term agreements with these suppliers. Any adverse developments in the company’s relations with these suppliers or a decline in sales from them could negatively impact the company's operations and finances.
A major portion of the company’s sales is generated from certain areas of Northern India, namely Haryana, Uttar Pradesh, Rajasthan, and the NCR. Any adverse changes in the business environment of these regions can negatively impact the company’s business.
The company does not own the manufacturing facility and other offices through which it operates. Any termination of these rental agreements could result in the disruption of the company's manufacturing and other operations.
Shubhshree Biofuels Energy is currently involved in certain legal proceedings. Any adverse judgments in any of the cases could be detrimental to the company’s business prospects.

Shubhshree Biofuels Energy Financials

*All values are in Rs. Cr
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Application Details of Shubhshree Biofuels Energy IPO

Apply asPrice bandApply Range
Regular113 - 119₹2 - 5 Lakh
High Networth Individual113 - 119₹2 - 5 Lakh
For Shubhshree Biofuels Energy IPO, eligible investors can apply as Regular.