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Earthstahl & Alloys IPO vs Shera Energy IPO

Comparision between Earthstahl & Alloys IPO and Shera Energy IPO.

IPO Details

Earthstahl & Alloys IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Shera Energy IPO is a SME Book Built Issue proposed to list at NSE SME.

  Earthstahl & Alloys IPO Shera Energy IPO
Logo Earthstahl & Alloys IPO Logo Shera Energy IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Hem Securities Limited Holani Consultants Private Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Hem Securities Ltd. Holani Consultants Private Limited
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 & Alloys IPO is up to ₹12.96 Cr whereas the issue size of the Shera Energy IPO is up to ₹35.20 Cr. The final issue price of Earthstahl & Alloys IPO is ₹40.00 per share and of Shera Energy IPO is ₹57.00 per share.

  Earthstahl & Alloys 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)
Discount (Employee)
Market Lot Size 3000 shares 2000 shares
Fresh Issue Size 32,40,000 shares 10,48,000 shares
Fresh Issue Size (Amount) up to ₹12.96 Cr up to ₹5.97 Cr
OFS Issue Size 51,28,000 shares
OFS Issue Size (Amount) up to ₹29.23 Cr
Issue Size Total 32,40,000 shares 61,76,000 shares
Issue Size Total (Amount) up to ₹12.96 Cr up to ₹35.20 Cr

IPO Timetable

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

  Earthstahl & Alloys 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 05, 2023 Mar 16, 2023
Anchor Lockin End date 2 May 04, 2023 May 15, 2023

Financials

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

  Earthstahl & Alloys IPO Shera Energy IPO
Financial
Earthstahl & Alloys Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,990.733,181.58-33.4944.24200.221,733.71
31-Mar-212,817.232,457.53267.31311.55467.531,396.82
31-Mar-223,592.614,907.54745.481,057.031,213.011,399.97
30-Sep-224,303.344,824.68580.471,637.501,793.481,092.93
Amount in ₹ Lakhs
Shera Energy Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-2027,731.9442,619.14361.435,624.3411,062.67
31-Mar-2129,315.6442,271.92502.676,075.6010,542.28
31-Mar-2232,523.7352,458.21699.506,673.3511,812.67
30-Sep-2233,832.9733,953.72428.257,054.8811,437.59
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 & Alloys IPO retail 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 & Alloys IPO and 25,06,000 shares in Shera Energy IPO.

  Earthstahl & Alloys 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 25,06,000 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 & Alloys IPO subscribed 235.18x in total, whereas Shera Energy IPO subscribed 47.36x.

  Earthstahl & Alloys 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

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