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Sharika Enterprises Limited IPO (Sharika Enterprises IPO) Detail

Nov 15, 2017 - Nov 17, 2017

Incorporated in 1998, Sharika Enterprises is engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, representation services to majorly power Generation, Transmission and Distribution sector.

Sharika Enterprises project portfolio also include installing power transmission EHV cables, designing & installing EMS (Energy Management System) and allied distribution automation Equipments such as Autoreclosers, fault passage indicators (FPI) etc., designing and installing of Solar Power Generation plants.

Sharika Enterprises is based out of Noida and have assembling unit in Jammu and Noida.

Services provided by Sharika Enterprises
1. Engineering Procurement Constructions (EPC)
2. Representative Services
3. Other consultancy Services

Company Promoters:

Mr. Rajinder Kaul, Mr. Ravinder Bhan and Mr. Arun Kaul are the promoters of the company.

Objects of the Issue:

The Net Proceeds from the Fresh Issue will be utilized towards the following objects:
1. To Meet Working Capital Requirement
2. General Corporate Purpose
3. To Meet the Issue Expenses

Issue Detail:

  »»  Issue Open: Nov 15, 2017 - Nov 17, 2017
  »»  Issue Type: Fixed Price Issue IPO
  »»  Issue Size: 3,225,000 Equity Shares of Rs 10 aggregating up to Rs 13.87 Cr
    ›  Fresh Issue of 3,225,000 Equity Shares of Rs 10 aggregating up to Rs 13.87 Cr
  »»  Face Value: Rs 10 Per Equity Share
  »»  Issue Price: Rs 43 Per Equity Share
  »»  Market Lot:
  »»  Minimum Order Quantity:
  »»  Listing At: BSE SME

Sharika Enterprises IPO Reviews:

  1. Sharika Enterprises Limited IPO review by Dilip Davda

Sharika Enterprises IPO Prospectus

Sharika Enterprises IPO Rating

123
4.0
Rating:Rated 4.0 stars

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Sharika Enterprises IPO News Alerts

  1. Friday, November 17, 2017 12:00:00 AM
    Sharika Enterprises IPO - Close
  2. Wednesday, November 15, 2017 12:00:00 AM
    Sharika Enterprises IPO - Open

Company Contact Information

Sharika Enterprises Limited
B-124, Sector-67,
Gautam Budh Nagar,
Noida, 201301
Phone: +91-120-2593900
Fax: +91-120-2484620
Email: cs@sharikaindia.com
Website: http://www.sharikaindia.com/

Sharika Enterprises IPO Registrar

Skyline Financial Services Private Ltd   »  Report
   D-153A, 1st Floor,
   Okhla Industrial Area, Phase-I,
   New Delhi -110020

Phone: +91 – 11 – 2681
Fax: +91 – 11 – 30857562
Email: virenr@skylinerta.com
Website: http://www.skylinerta.com

Sharika Enterprises IPO Lead Manager(s)

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Sharika Enterprises IPO Review / Comments

avatar
61. IPOMantra  Nov 18, 2017 11:08:15 AM IST I Like It. | Report Abuse Reply
While applying IPO ( Only Bookbuilding IPO) you have two option, apply with price range or cutoff (Max price) For e.g if price range is 50 - 55, so you can bid with the price of 50 also. Mostly MF and QIB goes with this option and price discovered with volume of share and price bid i.e average share worksout. Surprisingly as of date, I never seen good IPO share received with the lower price below cutoff. So bookbuilding is meaningless for good IPO where is subscription is more.

While with Fixed Price IPO you need to apply with fixed price.

For e.g in Axis Bank ASBA portal you can tick the cutoff price, although its fixed price IPO, also you can apply with max price. Both the option available in AXIS ASBA.

While in Kotak bank IPO ASBA application, if you tick at cutoff, it will not allow to proceed further displaying message, as its fixed price IPO so cutoff price not allowed. As we are retails applicant we should always apply with max price for good IPO to get more chances of allocation.

(Sorry i miss NOT in earlier post)
I am NOT self proclaimed expert or full time trader as compared to most of boarder, and mostly I only play with primary market. As my risk taking appetite is very low. So please bear, if anything i mentioned wrong above.

avatar
60. IPOMantra  Nov 18, 2017 11:05:17 AM IST I Like It. | Report Abuse Reply
While applying IPO ( Only Bookbuilding IPO) you have two option, apply with price range or cutoff (Max price) For e.g if price range is 50 - 55, so you can bid with the price of 50 also. Mostly MF and QIB goes with this option and price discovered with volume of share and price bid i.e average share worksout. Surprisingly as of date, I never seen good IPO share received with the lower price below cutoff. So bookbuilding is meaningless for good IPO where is subscription is more.

While with Fixed Price IPO you need to apply with fixed price.

For e.g in Axis Bank ASBA portal you can tick the cutoff price, although its fixed price IPO, also you can apply with max price. Both the option available in AXIS ASBA.

While in Kotak bank IPO ASBA application, if you tick at cutoff, it will not allow to proceed further displaying message, as its fixed price IPO so cutoff price not allowed. As we are retails applicant we should always apply with max price for good IPO to get more chances of allocation.

I am self proclaimed expert or full time trader as compared to most of boarder, and mostly I only play with primary market. As my risk taking appetite is very low. So please bear, if anything i mentioned wrong above.

avatar
59. IPOMantra  Nov 18, 2017 11:05:16 AM IST I Like It. | Report Abuse Reply
While applying IPO ( Only Bookbuilding IPO) you have two option, apply with price range or cutoff (Max price) For e.g if price range is 50 - 55, so you can bid with the price of 50 also. Mostly MF and QIB goes with this option and price discovered with volume of share and price bid i.e average share worksout. Surprisingly as of date, I never seen good IPO share received with the lower price below cutoff. So bookbuilding is meaningless for good IPO where is subscription is more.

While with Fixed Price IPO you need to apply with fixed price.

For e.g in Axis Bank ASBA portal you can tick the cutoff price, although its fixed price IPO, also you can apply with max price. Both the option available in AXIS ASBA.

While in Kotak bank IPO ASBA application, if you tick at cutoff, it will not allow to proceed further displaying message, as its fixed price IPO so cutoff price not allowed. As we are retails applicant we should always apply with max price for good IPO to get more chances of allocation.

I am self proclaimed expert or full time trader as compared to most of boarder, and mostly I only play with primary market. As my risk taking appetite is very low. So please bear, if anything i mentioned wrong above.

avatar
58. IPOMantra  Nov 17, 2017 6:22:22 PM IST I Like It. | Report Abuse Reply
Retail - 34.46 Times ( For 537 forms , Total 18,521 form received)
QIB Portion - Unsubscribed - So this quota will be available for NII.
NII Portion - 84.26 times ( Considering QIB Quota) , Closed, No movement .
Its fixed price IPO, so no confusion of Cutoff or Price Bids, System not allowed to bid below the Fixed Price
avatar
58.1. Sandeep kumar jain  Nov 18, 2017 7:49:06 AM IST I Like It. | Report Abuse
Ipo mantra. Req.. Ki. Prise bid. K meaning kya ha. Jbki. Fix prised issue tha. Ye. Prise. Bid. Option blank. Rhna. Chahiye n ifff. Fixed prised computer. Lowee. Rate. Aaaceept krta hi ni. Pir prise bid ka roll kya ha.
avatar
57. IPO mastana  Nov 17, 2017 3:58:33 PM IST I Like It. | Report Abuse Reply
Probably Banks are now sending data to Exchanges..
Any other reason possible?
avatar
57.5. bhanu prasanth  Nov 17, 2017 6:40:07 PM IST I Like It. | Report Abuse
I too followed that principle.

But for this SME, I applied in NII category.
avatar
57.6. bhanu prasanth  Nov 17, 2017 6:41:49 PM IST I Like It. | Report Abuse
Lets wait for the valuations for these "Dynamic cable & icemake refrigeration" SME IPOs.

Hope they come with good valuations by leaving some thing for investors.
avatar
56. bhanu prasanth  Nov 17, 2017 6:38:32 PM IST I Like It. | Report Abuse Reply
Why all saying

NII as 84.26x and RII as 34.46x ?

Net issue according to prospectus is 30,60,000 equity Shares (Market maker shares excluded)

50%(15,30,000 shares) for RII (15,30,000 shares)and 50% for rest.

NII: 13,58,76,000/15,30,000 = ~88.8x
RII: 5,55,63,000/15,30,000 = ~36.3x

Anyway it does not matter.

Allotment chances are very less.

Only very lucky people will get allotment.
avatar
55. IPO GREY  Nov 17, 2017 6:13:50 PM IST I Like It. | Report Abuse Reply


Last updated on
17 Nov 2017 | 06:11:10 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      13,58,76,000
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      12,01,53,000
2(c)      Others      30,81,000
3      Retail Individual Investors (RIIs)      5,55,63,000
3(a)      Cut Off      3,09,36,000
3(b)      Price Bids      2,46,27,000
Total      19,14,39,000
avatar
54. Ravi Lumbhani  Nov 17, 2017 5:50:51 PM IST I Like It. | Report Abuse Reply
latest subeject 2 of sarika???
open rakhe ya sell kar de...?
avatar
53. Shareking  Nov 17, 2017 5:38:53 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
SUPER IPO
avatar
52. IPOMantra  Nov 17, 2017 4:38:36 PM IST I Like It. 2 | Report Abuse Reply
Retails - 33 Times (17860 Forms received for 537 Lots)
NII - 169 Times
avatar
51. IPO mastana  Nov 17, 2017 4:38:02 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 04:34:05 PM

Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      13,58,76,000 -- 84.26x
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      12,01,53,000
2(c)      Others      30,81,000
3      Retail Individual Investors (RIIs)      5,35,80,000 --- 32.22x
3(a)      Cut Off      2,92,89,000
3(b)      Price Bids      2,42,91,000


Total      18,94,56,000 -- 58.74x
avatar
50. IPO mastana  Nov 17, 2017 4:17:26 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 04:16:00 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      13,58,76,000
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      12,01,53,000
2(c)      Others      30,81,000
3      Retail Individual Investors (RIIs)      5,28,12,000
3(a)      Cut Off      2,87,61,000
3(b)      Price Bids      2,40,51,000
Total      18,86,88,000 ---- 58.5x
avatar
49. Sandeep kumar jain  Nov 17, 2017 4:11:48 PM IST I Like It. | Report Abuse Reply
Prise bid walo ko.allotment milega. Ky
avatar
48. IPOMantra  Nov 17, 2017 4:05:38 PM IST I Like It. | Report Abuse Reply
57.55 Times
avatar
47. bhanu prasanth  Nov 17, 2017 4:02:10 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 04:00:09 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      13,58,76,000 ~ 89x
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      12,01,53,000
2(c)      Others      30,81,000
3      Retail Individual Investors (RIIs)      4,94,16,000 ~ 32x
3(a)      Cut Off      2,64,78,000
3(b)      Price Bids      2,29,38,000
Total      18,52,92,000 ~61x
avatar
46. Shareking  Nov 17, 2017 4:00:58 PM IST I Like It. 2 | Report Abuse Reply
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
instead of sending numbers
please send number of times issue subscribed in different category
which will be easier to understand
avatar
45. bhanu prasanth  Nov 17, 2017 3:57:13 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 03:55:08 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      10,97,82,000 ~ 72x
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      9,44,64,000
2(c)      Others      26,76,000
3      Retail Individual Investors (RIIs)      4,89,36,000 ~ 32x
3(a)      Cut Off      2,60,79,000
3(b)      Price Bids      2,28,57,000
Total      15,87,18,000
avatar
44. IPO mastana  Nov 17, 2017 3:53:05 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 03:52:00 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      9,42,12,000
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      7,88,94,000
2(c)      Others      26,76,000
3      Retail Individual Investors (RIIs)      4,88,01,000
3(a)      Cut Off      2,59,44,000
3(b)      Price Bids      2,28,57,000
Total      14,30,13,000

Interesting..
avatar
43. bhanu prasanth  Nov 17, 2017 3:51:59 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 03:51:04 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      9,11,10,000
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      7,57,92,000
2(c)      Others      26,76,000
3      Retail Individual Investors (RIIs)      4,87,14,000
3(a)      Cut Off      2,58,75,000
3(b)      Price Bids      2,28,39,000
Total      13,98,24,000

NII numbers increased so fast!!!!
avatar
42. bhanu prasanth  Nov 17, 2017 3:49:27 PM IST I Like It. | Report Abuse Reply
Last updated on
17 Nov 2017 | 03:48:00 PM
Sr.No.      Category      No. of shares bid for
1      Qualified Institutional Buyers (QIBs)      -
1(a)      Foreign Institutional Investors (FIIs)      -
1(b)      Domestic Financial Institutions(Banks/ Financial Institutions(FIs)/ Insurance Companies)      -
1(c)      Mutual Funds      -
1(D)      Others      -
2      Non Institutional Investors      8,31,96,000
2(a)      Corporates      1,26,42,000
2(b)      Individuals (Other than RIIs)      7,02,03,000
2(c)      Others      3,51,000
3      Retail Individual Investors (RIIs)      4,83,03,000
3(a)      Cut Off      2,58,45,000
3(b)      Price Bids      2,24,58,000
Total      13,14,99,000
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