Shera Energy IPO will open for subscription from 07 February 2023. the company aims for an issue size of ₹35.20 Cr through this IPO.
About Company
The company is engaged in the business of manufacturing winding wires and strips made of non-ferrous metals primarily Copper and Aluminium. The company also manufactures wire rods, wires, and tubes of Copper and Brass. These wires, tubes, and rods are manufactured in various shapes and sizes as per the requirement of the customers and/or demand in the market. Its product range includes paper-covered wires, enamel and fiber-covered wires, round wires, rectangular wires, bunched wires, tubes, rods, strips, etc.
Shera Energy has also commenced manufacturing special-grade brass rods through a Cold Extrusion process suitable to make bullet shells for defense applications. This product has been developed on account of demand in the ammunition industry in the country. In order to expand the business and to get the benefits of backward and forward integration, Shera Energy has invested/acquired/incorporated three subsidiary companies namely, Rajputana Industries Private Limited, Shera Metal Private Limited, and Shera Infrapower Private Limited to add value-added products in its existing portfolio.
Basic details about the company
| Full name | Shera Energy Limited |
| Sector | Non-Ferrous Metals |
| Industry | Metal-Non-Ferrous |
| Company Website | https://www.sheraenergy.com/ |
The objective of the Issue
- Funding the Working capital requirements of our Company;
- General corporate purposes.
Major Competitive strengths
- 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.
Shera Energy IPO Timetable
| IPO Opening date | 07 February 2023 |
| IPO Closing | 09 February 2023 |
| Basis of Allotment | 14 February 2023 |
| Initiation Refund | 15 February 2023 |
| Credit to Demat Account | 16 February 2023 |
| Listing Date | 17 February 2023 |
Shera Energy IPO details
| Issue type | Book Built Issue IPO |
| IPO issue size | ₹35.20 Cr – 6,176,000 shares |
| Fresh Issue | ₹5.97 Cr – 1,048,000 shares |
| Offer for sale | ₹29.23 Cr – 5,128,000 shares |
| Face value | ₹10 per share |
| Price band | ₹55 to ₹57 per share |
| Lot size | 2000 Shares |
| Retail Allocation | 35.74% |
| Listing Exchange | NSE SME |
Shera Energy IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
| HNI (Min) | 2 | 4,000 | ₹228,000 |
Shera Energy IPO Reservation Details
| QIB Shares Offered | 48.42% |
| NII (HNI) Shares Offered | 15.84% |
| Retail Shares Offered | 35.74% |
Shera Energy Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 425.33 | 421.97 | 523.82 | 338.72 |
| Expenses | 420.75 | 415.62 | 514.92 | 333.75 |
| Net income | 3.61 | 5.03 | 7.0 | 4.28 |
Shera Energy Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | |
| EPS | 1.81 | 2.52 | 3.51 |
| PE ratio | – | – | 15.67 – 16.24 |
| RONW (%) | 6.43 | 8.27 | 10.48 |
| NAV | – | – | 33.47 |
| ROCE (%) | 26.47 | 27.40 | 26.78 |
| EBITDA (%) | 6.87 | 7.73 | 6.42 |
| Debt/Equity | 0.00 | 0.00 | 0.00 |
Shera Energy Company Promoters
- Mr. Sheikh Naseem
- Mrs. Shivani Sheikh
- M/s Isha Infrapower Private Limited
Promoter Holding
| Pre Issue Share Holding | 66.57% |
| Post Issue Share Holding | 63.51% |
Shera Energy IPO Lead Manager(s)
- Holani Consultants Private limited
Shera Energy IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Shera Energy Contact Details
SHERA ENERGY LIMITED
F-269-B, Road No. 13 VKIA,
Jaipur Rajasthan 302013 India
Phone: +91– 9314434130
E-mail: ca@sheraenergy.com
Website: www.sheraenergy.com
Shera Energy IPO Allotment Status
Shera Energy IPO allotment status will beavailable on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Shera Energy IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
