Shera Energy IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Mar 23, 2023Let’s have a detailed review of the company and analytics of the Shera Energy IPO release date, IPO offer price, subscription, Shera Energy Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 55 to Rs 57 |
| Listing At | NSE, SME |
| Min. Order Quantity | 2000 Shares |
| Listing Date | Feb 17, 2023 |
| Offer for Sale | Rs 2,923 Lakh |
| Fresh Issue | Rs 597 Lakh |
| IPO Size | Rs 3,520 Lakh |
| Tick Size | 1 |
Shera Energy IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
Shera Energy IPO – Summary
Their Company was originally incorporated as “Shera Energy Private Limited” at Jaipur as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated December 08, 2009, issued by the RoC, Rajasthan.
Pursuant to a Slump Sale agreement dated December 31, 2009, the entire business activities and movable assets of “Shera Metals and Engineers”, proprietorship firm of one of their individual Promoter Mr. Sheikh Naseem, was acquired as a going concern.
The Promoter of this company is Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited. The lead manager to the issue is HOLANI CONSULTANTS PRIVATE LIMITED, and the Registrar to this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shera Energy IPO Date
The opening and closing dates of Shera Energy IPO are Feb 7, 2023 and Feb 9, 2023 respectively.
Shera Energy IPO Subscription
| Day / Date | QIB | NII | RII | Emp | Total Subscription |
| 1st Day – 7th Feb | 0.00x | 1.68x | 3.34x | 0.53x | 1.37x |
| 2nd Day – 8th Feb | 0.01x | 13.25x | 13.95x | 1.17x | 6.48x |
| 3rd Day – 9th Feb | 8.73x | 190.12x | 51.30x | 1.46x | 47.36x |
| Shares Offered or Net Issue | 2,506,000 | 820,000 | 1,850,000 | 600,000 | 5,776,000 |
The shares subscribed by the public will be updated here.
Shera Energy IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shera Energy Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | Feb 14, 2023 |
| Refunds Initiation | Feb 15, 2023 |
| Credit of Shares to Demat Account | Feb 16, 2023 |
| Share Listing Date | Feb 17, 2023 |
Shera Energy IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs 55 to Rs 57
Shera Energy IPO Equity Size
This Initial Public Issue of 6,176,000 Equity Shares of Rs.10 each for cash at a price of Rs 55 to Rs 57 per equity share aggregating to Rs.3,520 Lakh.
Shera Energy IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 1,048,000 Equity Shares of Rs.10/ each.
Issue Size: 6,176,000 Equity Shares of Rs.10 each, aggregating to Rs.3,520 Lakh
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Shera Energy IPO – Live Performance
The listing date of this IPO is Feb 17, 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shera Energy Share Price |
Shera Energy IPO Grey Market Premium
The Shera Energy Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shera Energy IPO – Company Overview
Their Company is primarily engaged in the business of manufacturing of winding wires and strips made of non-ferrous metals primarily Copper and Aluminium. 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. Their product range includes paper covered wires, enamel and fibre covered wires, round wires, rectangular wires, bunched wires, tubes, rods, strips, etc.
Over the past couple of years, their company has outgrown itself into a distinguished large-scale organization specializing in wires, tubes and rods of various shapes, sizes and in various on-ferrous metals having plentiful applications.
Their experience of more than a decade has enabled them to build an effective business model that gives them control over their processes from raw material procurement, manufacturing and marketing to sales through their network.
Shera Energy IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | ||||
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Total Assets | 33832.97 | 32523.73 | 29315.64 | 27731.94 |
| *Total Revenue | 33953.72 | 52458.21 | 42271.92 | 42619.14 |
| Total Expense | 33374.63 | 51491.97 | 41561.75 | 42047.76 |
| Profit After Tax | 428.25 | 699.5 | 502.67 | 361.43 |
Earnings per Equity Share (in Lakh)
| 30-Sep-22 | 31-Mar-22 | Mar-21 | 31-Mar-20 | |
| Basic & Diluted | 2.15 | 3.51 | 2.52 | 1.81 |
Further, their PAT for the period ended on Sep 30, 2022, March 31, 2022, March 31, 2021, and March 31, 2020, were Rs. 428.25 Lakh, Rs. 699.5 Lakh, Rs. 502.67 Lakh and Rs. 361.43 Lakh respectively.
Shera Energy IPO – Promoters
The Promoter of this company is:
- Mr. Sheikh Naseem,
- Mrs. Shivani Sheikh
- M/s Isha Infrapower Private Limited
List of Related Parties (Key Managerial Personnel)
- Sheikh Naseem, Chairman cum Managing Director
- Shivani Sheikh, Whole-Time Director
- Piyush Sharma, Non-Executive Director
- Batakrushna Panigrahi, Nominee Director
- Vineet Gupta, Independent Director
- Arpit Kumar Dotasra, Independent Director
Shera Energy IPO – Promoters Holding
- Pre-Issue Share Holding – 66.57%
- Post Issue Share Holding – 63.51%
Shera Energy IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 6,176,000 Equity Shares aggregating up to Rs.3,520 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 4,00,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Net Issue to the Public | Up to 51,76,000 Equity Shares aggregating up to Rs.[●] Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 18,50,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 8,20,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 2,17,40,347 Equity Shares |
| Equity Shares outstanding after the Issue | X Equity Shares |
Shera Energy IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
1. Funding the Working capital requirements of their Company; and
2. General corporate purposes.
Shera Energy IPO – Business Strategy
- Expanding their customer base
- Focus on increasing operational efficiencies to improve returns
- Invest in infrastructure and technology
- Enhancing existing products base and product quality
- Focus on quality
- Focus on backward and forward integration
Shera Energy IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- 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.
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-22 | 3.51 | 10.48% | 33.47 |
| 31-Mar-21 | 2.52 | 8.27% | – |
| Mar-20 | 1.81 | 6.43% | – |
Shera Energy IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Total Income (Rs. in Lakhs) | |
| Shera Energy Limited | 10 | [●] | 3.51 | 10.48% | 52,458.21 |
| Listed Peers | |||||
| Precision Wires India Limited | 1 | 18.53 | 5.45 | 17.27% | 2,69,004.55 |
| Rajnandini Metal Limited | 10 | 51.58 | 5.43 | 33.86% | 1,02,950.00 |
| RamRatna Wires Limited | 5 | 15.81 | 11.06 | 18.37% | 2,01,951.27 |
| Cubex Tubings Limited | 10 | 17.16 | 1.69 | 3.90% | 13,568.11 |
| Bhagyanagar India Limited | 2 | 31.93 | 1.37 | 3.40% | 1,09,072.57 |
Shera Energy IPO Lead Managers
| Lead Managers |
| HOLANI CONSULTANTS PRIVATE LIMITED 401 – 405 & 416 – 418, 4th Floor, Soni Paris Point, Jai Singh Highway, Bani Park, Jaipur – 302016 Tel.: +91 0141 – 2203996 Fax: +91 0141 – 2201259 Website: www.holaniconsultants.co.in Email: ipo@holaniconsultants.co.in Investor Grievance ID: complaints.redressal@holaniconsultants.co.in Contact Person: Mrs. Payal Jain SEBI Registration Number: INM000012467 |
Shera Energy IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED Office No. S6-2, 6th Floor, Pinnacle Business Park, Mahakali Caves Road, Next to Ahura Centre, Andheri (East), Mumbai – 400093 Tel: +91 022-6263 8200 Fax: +91 022-6263 8299 Website: www.bigshareonline.com Email: ipo@bigshareonline.com Investor Grievance ID: investor@bigshareonline.com Contact Person: Mr. Babu Rapheal C SEBI Registration Number: INR000001385 |
Shera Energy IPO – Other Details
- Statutory Auditor – M/s Keyur Shah & Co., Chartered Accountants
- Legal Counsel to the Company – Chir Amrit Corporate LLP
- Bankers to the Company – State Bank of India, Yes Bank Limited and Kotak Mahindra Bank
Shera Energy IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shera Energy Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shera Energy IPO Review FAQs
Check out various FAQs related to Shera Energy IPO:
What is the Issue Size of Shera Energy IPO?
The Company is making an initial public offer of 6,176,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Shera Energy IPO?
The price band for this particular IPO ranges between Rs 55 to Rs 57. As far as the face value of the share is of concern, it is Rs.10 per share.
What is the Shera Energy IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on Feb 7, 2023, while the closing date is set at Feb 9, 2023.
What is the Shera Energy IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on Feb 14, 2023, refund initiation is on Feb 15, 2023, credit of shares is on Feb 16, 2023, and share listing date is on Feb 17, 2023.
What is the Shera Energy IPO Listing Date?
Shares of this company shall be listed in the exchanges Feb 17, 2023. The date, when the listing would be done, is stagnant on Feb 17, 2023.
Who is the Registrar of Shera Energy IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. Bigshare Services Pvt Ltd. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shera Energy IPO?
Here are the promoters of this IPO – Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shera Energy IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Shera Energy IPO good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Shera Energy Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2022 in Lakh is 699.5, 2021 is 502.67, and 2020 is 361.43. PAT from Sep 2022 is 428.25.
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