Incorporated in 2009, Shera Energy Limited is engaged in the business of manufacturing. The company manufacture winding wires and strips 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
- 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.
Some of the competitive Strengths of the company 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
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 27731.94 | 42619.14 | 361.43 | 5624.34 | 11062.67 |
| 31-Mar-21 | 29315.64 | 42271.92 | 502.67 | 6075.6 | 10542.28 |
| 31-Mar-22 | 32523.73 | 52458.21 | 699.5 | 6673.35 | 11812.67 |
| 30-Sep-22 | 33832.97 | 33953.72 | 428.25 | 7054.88 | 11437.59 |
| Amount in ₹ Lakhs |
Objects of the Issue
TheCompany proposes to utilize the Net Proceeds of the Fresh Issue towards the funding of the following objects:
- Funding the Working capital requirements of our Company;
- General corporate purposes.
Shera Energy IPO Details
| IPO Date | Feb 7, 2023 to Feb 9, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 to ₹57 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,176,000 shares of ₹10 (aggregating up to ₹35.20 Cr) |
| Fresh Issue | 1,048,000 shares of ₹10 (aggregating up to ₹5.97 Cr) |
| Offer for Sale | 5,128,000 shares of ₹10 (aggregating up to ₹29.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 48.42% of the Net Offer |
| NII (HNI) Shares Offered | 15.84% of the Net Offer |
| Retail Shares Offered | 35.74% of the Net Offer |
| Market Maker | HOLANI CONSULTANTS PRIVATE LIMITED |
| Company Promoters | Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited are the Promoters of the Company. |
Shera Energy IPO Tentative Timetable
Shera Energy IPO opens on Feb 7, 2023, and closes on Feb 9, 2023. The Shera Energy IPO bid date is from Feb 7, 2023 10.00 A.M. to Feb 9, 2023 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Feb 7, 2023 |
| Closing Date | Feb 9, 2023 |
| Basis of Allotment | Feb 14, 2023 |
| Initiation of Refunds | Feb 15, 2023 |
| Credit of Shares to Demat | Feb 16, 2023 |
| Listing Date | Feb 17, 2023 |
Shera Energy IPO Lot Size
The Shera Energy IPO lot size is 2000 shares. A retail-individual investor can apply for up to 1 lots (2000 shares or ₹114,000).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 2000 | ₹114,000 |
| Retail (Max) | 1 | 2000 | ₹114,000 |
| HNI (Min) | 2 | 4,000 | ₹228,000 |
Shera Energy IPO Promoter Holding
| Pre Issue Share Holding | 66.57% |
| Post Issue Share Holding | 63.51% |
Shera Energy IPO Review
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…
Shera Energy IPO Prospectus
Company 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 Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com