Established in 2009, Shera Energy Limited specializes in manufacturing winding wires and strips primarily made of non-ferrous metals such as Copper and Aluminium. Additionally, they process products like wire rods, wires, and tubes of Copper and Brass.
Their manufacturing approach revolves around catering to customer requirements, resulting in customized products tailored to suit their clients’ needs. Shera Energy’s product portfolio includes Paper covered wires, Enamel and fiber covered wires, Round wires, Rectangular wires, Bunched wires, Tubes, Rods, and Strips.
The company holds prestigious certifications such as ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018, reflecting their commitment to excellence. Moreover, they have received Vendor Approval Validation from Power Grid Corporation of India for various products. All products are thoroughly tested and certified by the National Test House and Electrical Research and Development Association to ensure superior quality.
Their competitive strengths comprise a strong, experienced, and dedicated senior management team, along with a qualified workforce. Shera Energy has fostered long-standing relationships with leading clientele, emphasizing their focus on quality and safety. With an established manufacturing facility and innovative ideas, the company remains a prominent player in the industry.
Stock Quote #
- Open: ₹99.70
- High – Low: ₹100.70 – ₹98.00
- Previous Close: ₹99.70
- Total Traded Value: 68,000
- Updated On: Jul 28, 2023 4:00 PM
IPO Details #
Shera Energy IPO is a Book Built Issue. The IPO total issue size is Rs 35.20 Cr. The Shera Energy IPO price is ₹55 to ₹57 per share. The IPO will list on NSE SME.
| IPO Date | Feb 7, 2023 to Feb 9, 2023 |
| Listing Date | Feb 17, 2023 |
| Face Value | ₹10 per share |
| Price | ₹55 to ₹57 per share |
| Lot Size | 2000 Shares |
| Total Issue Size | 6,176,000 shares (aggregating up to ₹35.20 Cr) |
| Fresh Issue | 1,048,000 shares (aggregating up to ₹5.97 Cr) |
| Offer for Sale | 5,128,000 shares of ₹10 (aggregating up to ₹29.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| Market Maker portion | 400,000 shares Holani Consultants |
IPO Reservation #
A total of 7,676,000 shares are offered. QIB: 2,506,000 (32.65%), RII: 1,850,000 (24.10%), NII: 820,000 (10.68%).
| Anchor Investor Shares Offered | 1,500,000 (19.54%) |
| Market Maker Shares Offered | 400,000 (5.21%) |
| QIB Shares Offered | 2,506,000 (32.65%) |
| NII (HNI) Shares Offered | 820,000 (10.68%) |
| Retail Shares Offered | 1,850,000 (24.10%) |
| Employee Shares Offered | 600,000 (7.82%) |
| Total Shares Offered | 7,676,000 (100%) |
IPO Anchor Investors Details #
It raises Rs 8.55 crore from anchor investors. Shera Energy IPO Anchor bid date is Feb 6, 2023. Shera Energy IPO Anchor Investors list
| Bid Date | Feb 6, 2023 |
| Shares Offered | 1,500,000 |
| Anchor Portion Size (In Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Mar 29, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Jun 29, 2023 |
IPO Timetable (Tentative) #
Shera Energy IPO opens on Feb 7, 2023, and closes on Feb 9, 2023.
| IPO Open Date | Tuesday, 7 February 2023 |
| IPO Close Date | Thursday, 9 February 2023 |
| Basis of Allotment | Tuesday, 14 February 2023 |
| Initiation of Refunds | Wednesday, 15 February 2023 |
| Credit of Shares to Demat | Thursday, 16 February 2023 |
| Listing Date | Friday, 17 February 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Feb 9, 2023 |
Shera Energy Limited IPO Lot Size #
The minimum lot size of this Shera Energy IPO is 2000 shares required is ₹114,000.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
| HNI (Min) | 2 | 4,000 | ₹228,000 |
| Lot Size Calculator | |||
Shera Energy Limited IPO Promoter Holding #
Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited are the Promoters of the Company.
| Pre Issue Share Holding | 66.57% |
| Post Issue Share Holding | 63.51% |
Company Financials #
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 27,731.94 | 42,619.14 | 361.43 | 5,624.34 | 11,062.67 |
| 31-Mar-21 | 29,315.64 | 42,271.92 | 502.67 | 6,075.60 | 10,542.28 |
| 31-Mar-22 | 32,523.73 | 52,458.21 | 699.50 | 6,673.35 | 11,812.67 |
| 30-Sep-22 | 33,832.97 | 33,953.72 | 428.25 | 7,054.88 | 11,437.59 |
| Amount in ₹ Lakhs | |||||
Key Performance Indicator #
Shera Energy IPO Market Cap is Rs 129.89 Cr and P/E (x) is 15.16.
| KPI | Values |
|---|---|
| P/E (x) | 15.16 |
| Market Cap (₹ Cr.) | 129.89 |
Objects of the Issue #
The Company 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.
IPO Subscription Status (Bidding Detail) #
The Shera Energy IPO is subscribed 47.36 times on Feb 9, 2023 7:00:00 PM. The public issue subscribed 51.30 times in the retail category, 8.73 times in the QIB category, and 190.12 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 8.73 |
| NII | 190.12 |
| Retail | 51.30 |
| Employee | 1.46 |
| Total | 47.36 |
Shera Energy IPO Prospectus #
- › Shera Energy IPO DRHP
- › Shera Energy IPO RHP
- › Anchor Investors in Shera Energy IPO
Shera Energy IPO Listing Details #
| Listing Date | Feb 17, 2023 |
| BSE Script Code | |
| NSE Symbol | SHERA |
| ISIN | INE0MM001019 |
| Final Issue Price | ₹57 per share |
Listing Day Trading Information #
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| NSE SME |
|---|
| ₹57.00 |
| ₹64.10 |
| ₹64.00 |
| ₹67.30 |
| ₹67.30 |
Company Contact Information #
F-269-B, Road No. 13,
VKIA,
Jaipur – 302013
Phone: +91– 9314434130
Email: cs@sheraenergy.com
Website: http://www.sheraenergy.com/
Shera Energy IPO Registrar #
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
Shera Energy IPO Lead Manager(s) #
Frequently Asked Questions #
What are the key details of the Shera Energy IPO? #
- IPO Open: February 7, 2023
- IPO Close: February 9, 2023
- IPO Price: ₹57 per share
- Lot Size: 2000 shares
- Total Issue Size: ₹35.20 Crores
- Listing Date: February 17, 2023
- Listing Platform: NSE SME
How can I check the Shera Energy IPO subscription status? #
The Shera Energy IPO was subscribed 47.36 times overall. In the retail category, it was subscribed 51.30 times, in the Non-Institutional Investors (NII) category, it was subscribed 190.12 times, and in the Qualified Institutional Buyers (QIB) category, it was subscribed 8.73 times.
When will the basis of allotment for the Shera Energy IPO be finalized? #
The basis of allotment for the Shera Energy IPO is expected to be finalized on February 14, 2023.
How can I check the allotment status of the Shera Energy IPO? #
To check the allotment status of the Shera Energy IPO, you can click on the link provided to view the IPO allotment status.
What products does Shera Energy Limited manufacture? #
Shera Energy Limited is primarily engaged in the manufacturing of winding wires and strips made of non-ferrous metals, primarily Copper and Aluminium. The products include Paper covered wires, Enamel and fiber-covered wires, Round wires, Rectangular wires, Bunched wires, Tubes, Rods, and Strips.
How can I apply for the Shera Energy IPO? #
If you have a demat account, you can apply online for the Shera Energy IPO shares through banks (using ASBA) or through a broker (using UPI).
What is the expected listing date for the Shera Energy IPO? #
The Shera Energy IPO is expected to be listed on February 17, 2023, on NSE SME.
Please keep in mind that the preceding FAQs are based on the information provided, and for the most accurate and up-to-date information, please consult the official prospectus and relevant IPO documents.
