Shubhshree Biofuels Energy IPO subscription status started on September 09, 2024, and closed on September 11, 2024. The company aims to raise approximately ₹16.56 crore via this IPO. The retail quota is 35%, NII 15% and QIB is 50%. The price band is fixed at ₹113 to ₹119 per equity share.
The IPO consists of a minimum market lot of 1200 Shares requiring an application amount of ₹1,42,800. Shubhshree Biofuels Energy is an SME IPO that will be listed on the NSE.
Table of contents
IPO Overview
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.
Furthermore, ShubhShree Biofuels Energy Ltd serves various sectors, including recycled materials, textile processing, pharmaceuticals, and metals, particularly in Northern India.
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We advise investors to consider applying for an IPO with a long-term perspective. It’s also important to review the QIB, NII, and Retail subscription figures before making an investment decision.
Shubhshree Biofuels Energy IPO Subscription Status
| Category | Day 1 | Day 2 | Day 3 |
|---|---|---|---|
| QIB | 0.00 | 4.47 | 31.32 |
| NII | 1.36 | 6.31 | 245.74 |
| RII | 5.00 | 18.85 | 135.65 |
| Total | 2.89 | 12.31 | 132.89 |
Shubhshree Biofuels IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, Mutual Funds
- Non-Institutional Investors (NII): Individual Investors, NRIs, Companies, Trusts, etc.
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
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Shubhshree Biofuels Energy IPO Form
To apply for the Shubhshree Biofuels Energy IPO, use ASBA via your bank’s online portal or download and submit IPO forms through your bank or broker.
FAQs
The IPO subscription starts on September 09, 2024, for NII, QIB, and Retail Investors.
You can apply through ASBA and non-ASBA options via your bank account, broker, or UPI app.
Visit our portal for live IPO subscription numbers updated hourly. Live data is also available on the official IPO page.
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