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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 ₹57.00 per share . The lot size for an application is 2,000. The minimum amount of investment required by an retail is ₹1,10,000 (2000 shares). The minimum lot size investment for 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 Date | February 7, 2023 to February 9, 2023 |
| Listing Date | February 17, 2023 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹55 to ₹57 per share |
| Issue Price Final | ₹57 per share |
| Lot Size | 2,000 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 61,76,000 shares (aggregating up to ₹35.20 Cr) |
| Reserved for Market Maker | 4,00,000 shares Holani Consultants Pvt.Ltd. (aggregating up to ₹2.28 Cr) |
| Fresh Issue (Ex Market Maker) | 6,48,000 shares (aggregating up to ₹3.69 Cr) |
| Offer for Sale | 51,28,000 shares of ₹10 (aggregating up to ₹29.23 Cr) |
| Net Offered to Public | 57,76,000 shares (aggregating up to ₹32.92 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | NSE SME |
| Share Holding Pre Issue | 2,17,40,347 shares |
| Share Holding Post Issue | 2,27,88,347 shares |
Shera Energy IPO offers total 61,76,000 shares. Out of which 25,06,000 (40.58%) allocated to QIB, 10,06,000 (16.29%) allocated to QIB, 8,20,000 (13.28%) allocated to NII, 18,50,000 (29.95%) allocated to RII and 15,00,000 (24.29%) allocated to Anchor investors.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 4,00,000 (6.48%) |
| QIB Shares Offered | 25,06,000 (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 (13.28%) |
| Retail Shares Offered | 18,50,000 (29.95%) |
| Employee Shares Offered | 6,00,000 (9.72%) |
| Total Shares Offered | 61,76,000 (100.00%) |
| 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 |
Shera Energy IPO raises ₹8.55 crore from anchor investors. Shera Energy IPO Anchor bid date is February 6, 2023. Shera Energy IPO Anchor Investors list
| Bid Date | February 6, 2023 |
| Shares Offered | 15,00,000 |
| Anchor Portion Size (In Cr.) | 8.55 |
| Anchor lock-in period end date for 50% shares (30 Days) | March 16, 2023 |
| Anchor lock-in period end date for remaining shares (90 Days) | May 15, 2023 |
Shera Energy IPO opens on February 7, 2023, and closes on February 9, 2023.
| IPO Open Date | Tue, Feb 7, 2023 |
| IPO Close Date | Thu, Feb 9, 2023 |
| Tentative Allotment | Tue, Feb 14, 2023 |
| Initiation of Refunds | Wed, Feb 15, 2023 |
| Credit of Shares to Demat | Thu, Feb 16, 2023 |
| Tentative Listing Date | Fri, Feb 17, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Thu, Feb 9, 2023 |
Investors can bid for a minimum of 2,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| 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 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 | 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 | |||||
The market capitalization of Shera Energy IPO is ₹129.89 Cr.
| Pre IPO | Post IPO | |
|---|---|---|
| P/E (x) | 15.16 |
TheCompany proposes to utilize the Net Proceeds of the Fresh Issue towards the funding of the following objects:
[Dilip Davda] The company is operating in a highly competitive segment as indicated by its profit margins. It has worrisome debt (Rs. 136.71 cr. as of September 30, 2022, including cash-credit facility), odd allocation of IPO quota and over 80% of IPO is by way of OFS. Continued growth in the top and bottom line is the only positive factor. Based on its FY23 earnings, the issue appears fully priced. Well-informed cash surplus investors may consider investing with a long-term perspective. Read detail review...
| Listing Date | February 17, 2023 |
| BSE Script Code | |
| NSE Symbol | SHERA |
| ISIN | INE0MM001019 |
| Final Issue Price | ₹57 per share |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹57.00 |
| Open | ₹64.10 |
| Low | ₹64.00 |
| High | ₹67.30 |
| Last Trade | ₹67.30 |
Shera Energy Ltd.
F-269-B,
Road No. 13,
VKIA,
Jaipur, Rajasthan, 302013
Phone: +91– 9314434130
Email: cs@sheraenergy.com
Website: http://www.sheraenergy.com/
Bigshare Services Pvt.Ltd.
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/IPO_Status.html
Shera Energy IPO is a SME IPO of 61,76,000 equity shares of the face value of ₹10 aggregating up to ₹35.20 Crores. The issue is priced at ₹57 per share. The minimum order quantity is 2000.
The IPO opens on February 7, 2023, and closes on February 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 February 7, 2023 and closes on February 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 Thursday, February 16, 2023. Check the Shera Energy IPO allotment status.
The Shera Energy IPO listing date is on Friday, February 17, 2023.
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