Shera Energy Limited IPO Detail
Incorporated in 2009, Shera Energy Limited is engaged in the business of manufacturing. The company manufacture winding wires and strips made of non-ferrous metals primarily Copper and Aluminium. Alongside, they also process products like wire rods, wires, and tubes of Copper and Brass.
They undertake the manufacturing based on the requirements of the customers, therefore they are customized to suit their customers. Briefly, Shera Energy produces products like:
- Paper covered wires
- Enamel and fiber covered wires
- Round wires
- Rectangular wires
- Bunched wires
- Tubes
- Rods
- Strips
Shera Energy Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company. It has received Vendor Approval Validation from Power Grid Corporation of India for various products. All of the products designed and manufactured by the entity are tested and certified by the National Test House and Electrical Research and Development Association on various parameters to ensure supreme quality.
Some of the competitive Strengths of the company are:
- Strong, experienced, and dedicated senior management team and qualified workforce
- Long-standing relationships with leading clientele
- Focus on Quality and Safety
- Established Manufacturing facility
- Innovative Ideas
Company Promoters
Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited are the Promoters of the Company.IPO Details
| IPO Opening Date | Feb 07, 2023 |
| IPO Closing Date | Feb 09, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹10 per equity share |
| IPO Price | ₹55 - 57 per equity share |
| Market Lot | 2000 Shares |
| Min Order Quantity | 2000 Shares |
| Listing At | NSE SME |
| Issue Size | ₹35.20 Cr |
| Fresh Issue | 1,048,000 shares of ₹10 (aggregating up to ₹5.97 Cr) |
| Offer for Sale | 5,128,000 shares of ₹10 (aggregating up to ₹29.23 Cr) |
| Retail Portion | 35.74% |
IPO Tentative Timetable
The Shera Energy Limited IPO open date is Feb 07, 2023, and the close date is Feb 09, 2023. The issue may list on Feb 17, 2023.
| IPO Open Date | Feb 07, 2023 |
| IPO Close Date | Feb 09, 2023 |
| Basis of Allotment Date | Feb 14, 2023 |
| Initiation of Refunds | Feb 15, 2023 |
| Credit of Shares to Demat Account | Feb 16, 2023 |
| IPO Listing Date | Feb 17, 2023 |
IPO Lot Size
The Shera Energy Limited IPO market lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114000).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 2000 | ₹114000 |
| Maximum | 1 | 2000 | ₹114000 |
IPO Promoter Holding
| Pre Issue Share Holding | 66.57% |
| Post Issue Share Holding | 63.51% |
Company Financials:
For the year/period ended (₹ in Lakhs)
| Financial Year | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 31-Mar-21 | 29315.6 | 42271.9 | 502.67 |
| 31-Mar-22 | 32523.7 | 52458.2 | 699.5 |
| 30-Sep-22 | 33833 | 33953.7 | 428.25 |
Objects of the Issue:
TheCompany proposes to utilize the Net Proceeds of the Fresh Issue towards the funding of the following objects:
- Funding the Working capital requirements of our Company;
- General corporate purposes.
Shera Energy Limited IPO Registrar:
Bigshare Services Pvt Ltd
Shera Energy Limited IPO Lead Manager(s):
Holani Consultants Private limited
Company Contact Information:
Shera Energy Limited
F-269-B, Road No. 13, VKIA
Jaipur
Jaipur
