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Shera Energy IPO

Shera Energy IPO

  • Status: Closed
  • RHP:
  • ₹ 110,000 / 2000 shares

    Minimum Investment

IPO Details

  • Open Date

    07 Feb 2023

  • Close Date

    09 Feb 2023

  • IPO Price Range

    ₹ 55 - 57

  • IPO Size

    ₹ 33.97 - 35.20 Cr

  • Listing Exchange

    NSE

  • Listing Date

    17 Feb 2023

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Timeline Subscription Status Objective Financials SWOT FAQ Contacts

IPO Timeline

Last Updated: 03 January 2024 8:57 PM by 5Paisa

Shera Energy IPO opens on Feb 7, 2023, and closes on Feb 9, 2023. The issue entails of fresh issuance of 1,048,000 shares aggregating upto ₹5.97 Cr and an OFS of 5,128,000 shares aggregating upto Rs. 29.23cr. The lot size is fixed at 2000 shares per lot and price band is fixed at Rs. 55 – 57 per share. The allotment of shares will occur on 14th Feb while the issue will be listed on NSE SME on 17th Feb. The company is promoted by Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited. The lead managers to the issue are Holani Consultants Private Limited.  

Objective of the Shera Energy IPO

The net proceeds from the issue will be utilised for: 

•    Funding the working capital requirements
•    General corporate purposes
 

Shera Energy is primarily engaged in in the business of manufacturing of winding wires and strips made of non-ferrous metals primarily Copper and Aluminium.

It 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. The product range includes 

•    paper covered wires
•    enamel and fibre covered wires
•    round wires, rectangular wires, bunched wires
•    tubes
•    rods
•    strips 

The company has also commenced manufacturing special grade brass rods through Cold Extrusion process suitable to make bullet shells for defence applications. Company has successfully done the requisite trials and tests on this with customers. This product has been recently developed by the company on account of demand in the ammunition industry in the country.

Check our web-stories on Shera Energy IPO.

Profit and Loss

Balance Sheet

Particulars (in Rs. Crores) FY22 FY21 FY20
Revenue 523.82 421.97 425.33
EBITDA 33.61 32.64 29.22
PAT 7.00 5.03 3.61
Particulars (in Rs. Crores) FY22 FY21 FY20
Total Assets 0.04 0.03 0.02
Share Capital 19.94 19.94 19.94
Total Borrowings 118.13 105.42 110.63
Particulars (in Rs. Crores) FY22 FY21 FY20
Net cash generated from / (used in) operating activities 10.9 29.7 15.8
Net cash from / (used in) investing activities -5.9 -2.7 -0.4
Net cash flow from / (used in) financing activities -7.6 -26.9 -15.6
Net increase (decrease) in cash and cash equivalents -2.5 0.0 -0.3

Peer Comparison

Name of the Company Total Revenue  Basic EPS CMP  PE RoNW%
Shera Energy Limited 524.58 3.51 33.47 NA 10.48%
Precision Wires India Limited 2,690.05 5.45 31.55 18.53 17.27%
Rajnandini Metal Limited 1,029.50 5.43 16.05 51.58 33.86%
RamRatna Wires Limited 2,019.51 11.06 120.45 15.81 18.37%
Cubex Tubings Limited 135.68 1.69 43.34 17.16 3.90%
Bhagyanagar India Limited 1,090.73 1.37 40.21 31.93 3.40%


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
 

Risks

•    The cost of production is exposed to fluctuations in the prices of raw material particularly Copper Rod, Aluminium Rod and Copper scrap and the company has not entered into any agreement with respect to long-term supply for raw materials required
•    Major operations are concentrated in the state of Rajasthan and any adverse factors affecting the state could have an adverse impact on the business
•    The company does business based on purchase order basis with customers and does not have any long-term agreements 
•    Promoters or Directors may have interests, either directly or indirectly, in ventures involved in a business similar to the company or the subsidiary companies may be involved in a business similar to the company 
 

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FAQs

The price for the Shera Energy IPO is set at Rs. 55 - 57 per share

The Shera Energy IPO opens on 7th February and closes on 9th February.

The Shera Energy IPO comprises of fresh issuance of 1,048,000 shares aggregating upto ₹5.97 Cr and an OFS of 5,128,000 shares aggregating upto Rs. 29.23cr.

The Shera Energy IPO lot size is 12000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).

The allotment date of Shera Energy IPO is set for 14th February

The Shera Energy IPO will be listed on 17th February.

The net proceeds from the issue will be used for: 

•    Funding working capital requirements of the company
•    General corporate purposes
 

To apply for the Shera Energy IPO, follow the steps given below

•    Login to your 5paisa account and select the issue in the current IPO section
•    Enter the number of lots and price at which you wish to apply for
•    Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
•    You will receive a mandate notification to block funds in your UPI app
 

Shera Energy IPO is promoted by Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited.

Holani Consultants Private Limited is the book running lead managers to the issue.