ListedSMESHUBHSHREE

Shubhshree Biofuels Energy Limited

Shubhshree Biofuels Energy Limited is an SME IPO raising ₹17 Cr at ₹113 – ₹119 a share. It listed on 16 Sept 2024 at ₹189, +58.8% against its issue price of ₹119, and trades at ₹360 today (+202.5% since issue). It was subscribed 0.00× in total.

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₹119

Issue price

₹360

Price now

+202.5%

Since issue price

16 Sept 2024

Listed on

0.00×Subscribed (final) · all exchanges

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Terms of the issue

The mechanics of what is being sold. Held for every issue we track.

Price band₹113 – ₹119

Cut-off price₹119

Issue size₹17 Cr

Shares per lot1200

Minimum application₹1,42,800

Minimum quantity1200

Face value₹10

Listing exchanges—

ISININE0UL701015

Bidding hours10:00 – 17:00 IST

Bidding window9 Sept 2024 – 11 Sept 2024

SME

What being an SME issue means here. SME issues list on NSE Emerge or BSE SME. They disclose less than mainboard issues, trade far more thinly, and — by regulation — the minimum application is a full lot worth roughly ₹1–1.5 lakh rather than about ₹15,000. That is why the minimum above is so much larger than for a mainboard issue.

Not here yet

Valuation against the issuer's named peers, what the fresh money funds, and the anchor-investor allocation come from reading the prospectus, which we do for current and upcoming issues — historical issues will not gain them.