Shubhshree Biofuels Energy Ltd. has announced public offering of 1392000 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 109.00 per share. The gross proceeds of the issue are expected to be Rs 1,656.48 lakhs.

The company's initial public offer (IPO) will open on 09 September 2024 and is expected to close on 11 September 2024, subject to customary closing conditions. The price band of the issue has been fixed at Rs 113.00-119.00 per share.

The IPO includes a fresh Issue of 1392000 Equity Shares of the Company at an price of Rs 119.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 1200 shares with bids in multiples of 1200.

Shubhshree Biofuels Energy Ltd. anticipates using the proceeds of the issue for .

Hem Securities Ltd as lead manager & Bigshare Services Pvt. Ltd. is the registrar, to the issue.