Earthstahl IPO vs Shera Energy IPO

Comparison between Earthstahl IPO and Shera Energy IPO.

IPO Details

Earthstahl IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shera Energy IPO is a SME Bookbuilding proposed to list at NSE SME.

	Earthstahl IPO	Shera Energy IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Holani Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Securities Ltd.	Holani Consultants Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Earthstahl IPO is up to ₹12.29 Cr whereas the issue size of the Shera Energy IPO is up to ₹32.92 Cr. The final issue price of Earthstahl IPO is ₹40.00 per share and of Shera Energy IPO is ₹57.00 per share.

	Earthstahl IPO	Shera Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹38.00 per share	₹55.00 per share
Issue Price (Upper)	₹40.00 per share	₹57.00 per share
Issue Price (Final)	₹40.00 per share	₹57.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	30,72,000 shares	6,48,000 shares
Fresh Issue Size (Amount)	up to ₹12.29 Cr	up to ₹3.69 Cr
OFS Issue Size	0 shares	51,28,000 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹29.23 Cr
Issue Size Total	30,72,000 shares	57,76,000 shares
Issue Size Total (Amount)	up to ₹12.29 Cr	up to ₹32.92 Cr

IPO Timetable

Earthstahl IPO opens on Jan 27, 2023, while Shera Energy IPO opens on Feb 07, 2023. The closing date of Earthstahl IPO and Shera Energy IPO is Jan 31, 2023, and Feb 09, 2023, respectively.

	Earthstahl IPO	Shera Energy IPO
Anchor Bid Date		Feb 06, 2023
Issue Open	Jan 27, 2023	Feb 07, 2023
Issue Close	Jan 31, 2023	Feb 09, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Feb 14, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Feb 15, 2023
Credit of Share (Tentative)	Feb 07, 2023	Feb 16, 2023
Listing date (Tentative)	Feb 08, 2023	Feb 17, 2023
Anchor Lockin End date 1		Mar 16, 2023
Anchor Lockin End date 2		May 15, 2023

Financials & KPIs

Earthstahl IPO P/E ratio is 4.22, as compared to Shera Energy IPO P/E ratio of 15.16.

Earthstahl IPO

Shera Energy IPO

Financials

Earthstahl & Alloys Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,990.73	3,181.58	-33.49	44.24	200.22	1,733.71
31-Mar-21	2,817.23	2,457.53	267.31	311.55	467.53	1,396.82
31-Mar-22	3,592.61	4,907.54	745.48	1,057.03	1,213.01	1,399.97
30-Sep-22	4,303.34	4,824.68	580.47	1,637.50	1,793.48	1,092.93
Amount in ₹ Lakhs

Shera Energy Limited Financial Information (Restated Consolidated)
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

Promoter Shareholding (Pre-Issue)

100.00

66.57

Promoter Shareholding (Post-Issue)

73.53

63.51

P/E Ratio

4.22

15.16

Market Cap

₹48.96 Cr.

₹129.89 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Earthstahl IPO Retail Individual Investors (RII) are offered 10,77,000 shares while in Shera Energy IPO retail investors are offered 10,77,000 shares. Qualified Institutional Buyers (QIB) are offered 9,18,000 shares in Earthstahl IPO and 10,06,000 shares in Shera Energy IPO.

	Earthstahl IPO	Shera Energy IPO
Anchor Investor Reserveration		15,00,000 shares
Market Maker Reserveration	1,68,000 shares	4,00,000 shares
QIB	9,18,000 shares	10,06,000 shares
NII	10,77,000 shares	8,20,000 shares
RII	10,77,000 shares	18,50,000 shares
Employee		6,00,000 shares
Others
Total	30,72,000 shares	57,76,000 shares

Bids Received (Subscription)

Earthstahl IPO subscribed 235.18x in total, whereas Shera Energy IPO subscribed 47.36x.

	Earthstahl IPO	Shera Energy IPO
QIB (times)	39.83x	8.73x
NII (times)	445.09x	190.12x
Big NII (times)
Small NII (times)
RII (times)	191.77x	51.30x
Employee (times)		1.46x
Other (times)
Total (times)	235.18x	47.36x

Compare with others

Earthstahl IPO	Shera Energy IPO
Lead Reclaim IPO	Viaz Tyres IPO
Indong Tea IPO	Patron Exim IPO
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Shera Energy IPO	Indong Tea IPO
Gayatri Rubbers IPO	Agarwal Float Glass India IPO
Transvoy Logistics IPO	Gayatri Rubbers IPO
DHARNI Capital IPO	Earthstahl IPO
Aristo Bio-Tech IPO	Transvoy Logistics IPO
Ducol Organics IPO	DHARNI Capital IPO
Eastern Logica Infoway IPO	Aristo Bio-Tech IPO