Shera Energy IPO
Shera Energy Subscription Details
- Open Date 07 Feb
- Close Date 09 Feb
- Lot Size 2000
- IPO Size ₹ 33.97 - 35.20 Cr
- IPO Price Range ₹ 55 - 57
- Min Investment ₹ 110000
- Listing Exchange NSE
- Basis of Allotment 14 Feb
- Refunds 15 Feb
- Credit to Demat Account 16 Feb
- Listing Date 17 Feb
Shera Energy IPO Subscription Status
| Date | QIB | NII | Retail | EMP | TOTAL |
|---|---|---|---|---|---|
| 7-Feb-23 | 0.00x | 2.04x | 4.16x | 0.54x | 1.68x |
| 8-Feb-23 | 0.01x | 13.25x | 13.95x | 1.17x | 6.48x |
| 9-Feb-23 | 8.73x | 190.12x | 51.30x | 1.46x | 47.36x |
Shera Energy IPO Synopsis
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
About Shera Energy
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.
Shera Energy Financial Status
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% |
Shera Energy IPO Key Points
-
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
How to apply for IPO?
-
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 -
Approve the mandate request on your UPI and funds
will be blocked
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- PAN Card
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Shera Energy IPO FAQs
What is the price band of the Shera Energy IPO?
The price for the Shera Energy IPO is set at Rs. 55 - 57 per share
When does the Shera Energy IPO issue open and close?
The Shera Energy IPO opens on 7th February and closes on 9th February.
What is the size of Shera Energy IPO issue?
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.
What is the lot size and investment required for the Shera Energy IPO?
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).
What is the allotment date of Shera Energy IPO?
The allotment date of Shera Energy IPO is set for 14th February
What is the Shera Energy IPO’s listing date?
The Shera Energy IPO will be listed on 17th February.
What is the objective of the Shera Energy IPO?
The net proceeds from the issue will be used for:
• Funding working capital requirements of the company
• General corporate purposes
How to apply for the Shera Energy IPO?
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
Who are the promoters/key personnels of Shera Energy IPO?
Shera Energy IPO is promoted by Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited.
Who are the book runners for Shera Energy IPO?
Holani Consultants Private Limited is the book running lead managers to the issue.
Contact Details of Shera Energy IPO
Contact Information
Shera Energy Limited
F-269-B, Road No. 13,
VKIA,
Jaipur - 302013
Phone: +91– 9314434130
Email: cs@sheraenergy.com
Website: http://www.sheraenergy.com/
Shera Energy IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Shera Energy IPO Lead Manager
Holani Consultants Private limited
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