Stay updated with the latest on Shubhshree Biofuels Energy IPO GMP (Grey Market Premium). We provide live data and key information to help you make informed investment decisions.
Shubhshree Biofuels Energy IPO Overview
- IPO Open Date: September 09, 2024
- IPO Close Date: September 11, 2024
- Price Band: ₹119 per equity share
- Issue Size: ₹24.49 Crores
- Listing Date: September 16, 2024
- Lot Size: Minimum 1200 shares (₹1,42,800)
Shubhshree Biofuels Energy IPO GMP Live Rates
| Dates | IPO GMP |
|---|---|
| September 16, 2024 | ₹75 (63%) |
| September 15, 2024 | ₹75 (63%) |
| September 14, 2024 | ₹75 (63%) |
| September 13, 2024 | ₹75 (63%) |
| September 12, 2024 | ₹ 45 (38%) |
| September 11, 2024 | ₹ 45 (38%) |
| September 10, 2024 | ₹- |
| September 09, 2024 | ₹- |
| September 08, 2024 | ₹- |
| September 07, 2024 | ₹- |
| September 06, 2024 | ₹- |
| September 05, 2024 | ₹- |
| September 04, 2024 | ₹- |
IPO Timeline
| Events | Date |
|---|---|
| IPO Open Date | September 09, 2024 |
| IPO Close Date | September 11, 2024 |
| Basis of Allotment | September 12, 2024 |
| Refunds | September 13, 2024 |
| Credit to Demat Account | September 13, 2024 |
| IPO Listing Date | September 16, 2024 |
About Shubhshree Biofuels Energy
Since 2013, ShubhShree Biofuels Energy Ltd has been a key player in Biomass Supply Chain Management in India. Initially, the company focused on manufacturing building materials like fly ash bricks. However, it has since shifted its focus to supplying biomass fuels, including pellets and briquettes, which are used for commercial and industrial heating, cooking, and electricity generation.
Annually, ShubhShree Biofuels sells 1.2 lakh metric tons of biofuel, primarily in Northern India, including Uttar Pradesh, Haryana, Rajasthan, and the NCR region, which are its top revenue contributors.
Moreover, the company operates three briquetting and pelleting machines—one owned and two leased—with a combined capacity of 132 tonnes per day. From October 2023 to February 2024, ShubhShree produced 12,090 tonnes of biomass fuels, while its total sales volume was approximately 50,600 tonnes, with manufactured goods accounting for about 23.8% of this volume.
Disclaimer
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