Bookbuilding IPO | ₹35 Cr | Listed at NSE SME | Tue, Feb 7, 2023 - Thu, Feb 9, 2023
Shera Energy IPO is a book build issue of ₹35.20 crores. The issue is a combination of fresh issue of 0.10 crore shares aggregating to ₹5.97 crores and offer for sale of 0.51 crore shares aggregating to ₹29.23 crores.
Shera Energy IPO bidding started from Feb 7, 2023 and ended on Feb 9, 2023. The allotment for Shera Energy IPO was finalized on Feb 14, 2023. The shares got listed on NSE SME on Feb 17, 2023.
Shera Energy IPO price band is set at ₹57 per share. The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,14,000 (2000 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (4,000 shares), amounting to ₹2,28,000.
The issue includes a reservation of up to 6,00,000 shares for employees offered at a discount of ₹0.00 to the issue price.
Holani Consultants Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Holani Consultants Pvt.Ltd..
Refer to Shera Energy IPO RHP for detailed Information.
IPO Open
Tue, Feb 7, 2023
IPO Close
Thu, Feb 9, 2023
Issue Price
₹57 per share
Market Cap (Pre-IPO)
₹129.89 Cr
| IPO Date | 7 to 9 Feb, 2023 |
| Listed on | Fri, Feb 17, 2023 |
| Face Value | ₹10 per share |
| Price Band | ₹55 to ₹57 |
| Issue Price | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Total Issue Size | 61,76,000 shares (agg. up to ₹35 Cr) |
| Reserved for Market Maker | 4,00,000 shares Holani Consultants Pvt.Ltd. (agg. up to ₹2 Cr) |
| Fresh Issue (Ex Market Maker) | 6,48,000 shares (agg. up to ₹4 Cr) |
| Offer for Sale | 51,28,000 shares of ₹10 (agg. up to ₹29 Cr) |
| Net Offered to Public | 57,76,000 shares (agg. up to ₹33 Cr) |
| Share Holding Pre Issue | 2,17,40,347 shares |
| Share Holding Post Issue | 2,27,88,347 shares |
| NSE Symbol | SHERA |
| ISIN | INE0MM001019 |
Shera Energy IPO comprises a total issue size of 61,76,000 shares. The net offer to the public is 51,76,000 shares, after excluding 4,00,000 shares allotted on a firm basis and 6,00,000 shares under a preferential allotment. Of the Net offer 25,06,000 (48.42%) are allocated to QIB, 8,20,000 (15.84%) allocated to NII 18,50,000 (35.74%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| QIB Shares Offered | 25,06,000 | 48.42% | 40.58% |
| − Anchor Investor Shares Offered | 15,00,000 | 24.29% | |
| − QIB (Ex. Anchor) Shares Offered | 10,06,000 | 16.29% | |
| NII (HNI) Shares Offered | 8,20,000 | 15.84% | 13.28% |
| Retail Shares Offered | 18,50,000 | 35.74% | 29.95% |
| Preferential Reservations | |||
| Employee Shares Offered | 6,00,000 | 9.72% | |
| Firm Reservations | |||
| Market Maker Shares Offered | 4,00,000 | 6.48% | |
| Total Shares Offered | 61,76,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 2,000 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2,000 | ₹1,14,000 |
| Retail (Max) | 1 | 2,000 | ₹1,14,000 |
| HNI (Min) | 2 | 4,000 | ₹2,28,000 |
Shera Energy IPO raises ₹8.55 crore from anchor investors. Shera Energy IPO Anchor bid date is February 6, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Mon, Feb 6, 2023 |
| Shares Offered | 15,00,000 |
| Anchor Portion (₹ Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | Thu, Mar 16, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | Mon, May 15, 2023 |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only NII | Above Rs 2 Lakhs | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Incorporated in 2009, Shera Energy Limited is engaged in the business of manufacturing winding wires and strips. The products are made of non-ferrous metals primarily Copper and Aluminium. Alongside, they also process products like wire rods, wires, and tubes of Copper and Brass.
They undertake the manufacturing based on the requirements of the customers, therefore they are customized to suit their customers. Briefly, Shera Energy produces products like Paper covered wires, Enamel and fiber covered wires, Round wires, Rectangular wires, Bunched wires, Tubes, Rods and Strips.
Shera Energy Limited is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 certified company. It has received Vendor Approval Validation from Power Grid Corporation of India for various products. All of the products designed and manufactured by the entity are tested and certified by the National Test House and Electrical Research and Development Association on various parameters to ensure supreme quality.
Competitive Strengths:
| Period Ended | 30 Sep 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 338.33 | 325.24 | 293.16 | 277.32 |
| Total Income | 339.54 | 524.58 | 422.72 | 426.19 |
| Profit After Tax | 4.28 | 7.00 | 5.03 | 3.61 |
| NET Worth | 70.55 | 66.73 | 60.76 | 56.24 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 114.38 | 118.13 | 105.42 | 110.63 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Funding the working Capital Requirement of our Company | 11.50 |
| 2 | General corporate purposes | 3.65 |
| KPI | |
|---|---|
| ROE | 10.97 |
| ROCE | 26.78 |
| RoNW | 10.48 |
| PAT Margin | 1.34% |
| EBITDA Margin | 6.42% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 3.51 | |
| P/E (x) | 15.16 | |
| Promoter Holding | 66.57% | 63.51% |
| Market Cap | ₹129.89 Cr. |
The Shera Energy IPO is subscribed 47.36 times on February 9, 2023 7:00:00 PM (Day 3). The public issue subscribed 51.3 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 8.73 | 25,06,000 | 2,18,80,000 |
| NII* | 190.12 | 8,20,000 | 15,59,00,000 |
| Retail | 51.3 | 18,50,000 | 9,49,12,000 |
| Employee | 1.46 | 6,00,000 | 8,78,000 |
| Total | 47.36 | 57,76,000 | 27,35,70,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Fees payable to the Book Running Lead Manager (including Underwriting commission) | 2.13 |
| 2 | Brokerage, selling commission and upload fees | 0.03 |
| 3 | Advertising and marketing expenses | 0.01 |
| 4 | Fees payable to the Legal Advisors | 0.03 |
| 5 | Fees payable to the Registrar to the Offer | 0.05 |
| 6 | Fees payable to the to the Regulators including stock exchanges | 0.07 |
| 7 | Brokerage and selling commission payable to Syndicate | |
| 8 | Brokerage and selling commission payable to Registered Brokers | |
| 9 | Processing fees to SCSBs for ASBA Applications procured by the members of the Syndicate or Registered Brokers and submitted with the SCSBs1 | |
| 10 | Printing and distribution | 0.01 |
| 11 | Others (bankers to the Offer, auditor’s fees etc.) | 0.06 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹64.10 |
| Low | ₹64.00 |
| High | ₹67.30 |
| Last Trade | ₹67.30 |
Lead Manager Reports
Shera Energy IPO is a SME IPO of 61,76,000 equity shares of the face value of ₹10 aggregating up to ₹35 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on Tue, Feb 7, 2023, and closes on Thu, Feb 9, 2023.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Shera Energy IPO using UPI as a payment gateway. Zerodha customers can apply in Shera Energy IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Shera Energy IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Shera Energy IPO opens on Tue, Feb 7, 2023 and closes on Thu, Feb 9, 2023.
Shera Energy IPO lot size is 2000, and the minimum amount required for application is ₹1,14,000.
You can apply in Shera Energy IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Shera Energy IPO will be done on Tuesday, February 14, 2023, and the allotted shares will be credited to your demat account by Thu, Feb 16, 2023. Check the Shera Energy IPO allotment status.
The Shera Energy IPO listing date is on Fri, Feb 17, 2023.
