Shubhshree Biofuels Energy Ltd - IPO

Shubhshree Biofuels Energy Ltd IPO Details

Initial public offer of upto 13,92,000 equity shares of face value of Rs. 10/- each (the Equity Shares) of Shubhshree Biofuels Energy Limited (The Company or The Issuer or SBEL)) at an issue price of Rs. 119 per equity share for cash, aggregating up to Rs. 16.56 crores (Public Issue) out of which 72,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 119 per equity share for cash, aggregating Rs. 0.86 crores will be reserved for subscription by the market maker to the issue (the Market Maker Reservation Portion). The public issue less market maker reservation portion i.e. issue of 13,20,000 equity shares of face value of Rs. 10 each, at an issue price of Rs. 119 per equity share for cash, aggregating upto Rs. 15.70 crores is here in after referred to as the Net Issue. The public issue and net issue will constitute 26.55% and 25.18 % respectively of the post-issue paid-up equity share capital of the company.

Objective of issue

Funding capital expenditure towards installation of additional plant and machinery. To meet working capital requirements. General corporate purposes.

Shubhshree Biofuels Energy Ltd Contact Details

Shubhshree Biofuels Energy Ltd, Office No 56-2, Pinnacle Busine.Park, Mahakali Caves Road, Mumbai - 400093

Phone - 91-22-62638200

Fax - 91-22-63638299

Email - shubhshree@biomassfuel.co.in

Website - www.shubhshreebiofuels.co.in