Shera Energy IPO

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 nameShera Energy Limited
SectorNon-Ferrous Metals
Company Website

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 date07 February 2023
IPO Closing09 February 2023
Basis of Allotment14 February 2023
Initiation Refund15 February 2023
Credit to Demat Account16 February 2023
Listing Date17 February 2023

Shera Energy IPO details

Issue typeBook 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 size2000 Shares
Retail Allocation35.74%
Listing ExchangeNSE SME

Shera Energy IPO Lot Size

Retail (Min)12000₹114,000
Retail (Max)12000₹114,000
HNI (Min)24,000₹228,000

Shera Energy IPO Reservation Details

QIB Shares Offered48.42%
NII (HNI) Shares Offered15.84%
Retail Shares Offered35.74%

Shera Energy Financial Performance

 FY 2020FY 2021FY 2022H1 FY 2023
Net income3.615.037.04.28
(Amount in ₹ Crores)

Shera Energy Valuations & Margins

FY 2020FY 2021FY 2022
PE ratio15.67 – 16.24
RONW (%)6.438.2710.48
ROCE (%)26.4727.4026.78
EBITDA (%)6.877.736.42

Shera Energy Company Promoters

  • Mr. Sheikh Naseem
  • Mrs. Shivani Sheikh
  • M/s Isha Infrapower Private Limited

Promoter Holding

Pre Issue Share Holding66.57%
Post Issue Share Holding63.51%

Shera Energy IPO Lead Manager(s)

  • Holani Consultants Private limited

Shera Energy IPO Registrar

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

Shera Energy Contact Details

F-269-B, Road No. 13 VKIA,
Jaipur Rajasthan 302013 India
Phone: +91– 9314434130

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

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