Shera Energy Limited IPO (Shera Energy IPO) Detail

Feb 7, 2023 - Feb 9, 2023

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:

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

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	Feb 17, 2023
Face Value	₹10 per share
Price	₹55 to ₹57 per share
Lot Size	2000 Shares
Total Issue Size	6,176,000 shares (aggregating up to ₹35.20 Cr)
Fresh Issue	1,048,000 shares (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

Shera Energy IPO Reservation

QIB Shares Offered	2,506,000 (48.42% of the Net Offer)
NII (HNI) Shares Offered	820,000 (15.84% of the Net Offer)
Retail Shares Offered	1,850,000 (35.74% of the Net Offer)
Market Maker portion	400,000 shares (HOLANI CONSULTANTS PRIVATE LIMITED)
Anchor Investor Shares Offered	1,500,000
Total Shares Offered	5,776,000

KPIs

KPI	Values
P/E (x)	15.16
Market Cap (₹ Cr.)	129.89

Shera Energy IPO Tentative Timetable

Shera Energy IPO opens on Feb 7, 2023, and closes on Feb 9, 2023.

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
UPI Mandate Confirmation Cut-Off Time	5.00 PM on the issue closing day

Shera Energy IPO Lot Size

The Shera Energy IPO lot size is 2000 shares.

Application	Lots	Shares	Amount
Retail (Min)	1	2000	₹114,000
Retail (Max)	1	2000	₹114,000
HNI (Min)	2	4,000	₹228,000
Lot Size Calculator

Shera Energy IPO Promoter Holding

Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited are the Promoters of the Company.

Pre Issue Share Holding	66.57%
Post Issue Share Holding	63.51%

Company Financials

Shera Energy Limited Financial Information (Restated Consolidated)
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

Shera Energy IPO Review (May apply)

[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...

Shera Energy IPO Subscription Status (Bidding Detail)

The Shera Energy IPO is subscribed 47.36 times on Feb 9, 2023 7:00:00 PM. The public issue subscribed 51.30 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)
QIB	8.73
NII	190.12
Retail	51.30
Employee	1.46
Total	47.36

Shera Energy IPO Anchor Investors Details

Bid Date	Feb 6, 2023
Shares Offered	1,500,000
Anchor Portion Size (In Cr.)	8.55
Anchor lock-in period end date for 50% shares (30 Days)	Mar 29, 2023
Anchor lock-in period end date for remaining shares (90 Days)	Jun 29, 2023

Shera Energy IPO Prospectus

› Shera Energy IPO DRHP
› Shera Energy IPO RHP

Shera Energy IPO Rating

294

3.8

Rating:

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Shera Energy IPO Listing Details

Listing Date	Feb 17, 2023
BSE Script Code
NSE Symbol	SHERA
ISIN	INE0MM001019
IPO Price	₹57 per share

Listing Day Trading Information

Price Details
IPO Price
Open
Low
High
Last Trade

NSE SME
₹57.00
₹64.10
₹64.00
₹67.30
₹67.30

Check IPO Performance…

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: https://www.bigshareonline.com/

Shera Energy IPO Analysis

Shera Energy IPO Recommendation Summary

Review By	Subscribe	Neutral	Avoid
Brokers	1	0	0
Members	1	1	3

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Shera Energy IPO Lead Manager(s)

Holani Consultants Private limited (Past IPO Performance)

Lead Manager Reports

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Shera Energy IPO FAQs

Shera Energy IPO is a SME IPO of 6,176,000 equity shares of the face value of ₹10 aggregating up to ₹35.20 Crores. The issue is priced at ₹55 to ₹57 per share. The minimum order quantity is 2000 Shares.

The IPO opens on Feb 7, 2023, and closes on 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 the Zerodha website and login to Console.
Go to Portfolio and click the IPOs link.
Go to the 'Shera Energy IPO' row and click the 'Bid' button.
Enter your UPI ID, Quantity, and Price.
‘Submit’ IPO application form.
Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shera Energy IPO opens on Feb 7, 2023 and closes on Feb 9, 2023.

Shera Energy IPO lot size is 2000 Shares and the minimum order quantity is .

You can apply in Shera Energy IPO online using either UPI or ASBA as 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 apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shera Energy IPO will be done on Feb 14, 2023, and the allotted shares will be credited to your demat account by Feb 16, 2023. Check the Shera Energy IPO allotment status.

The Shera Energy IPO listing date is on Feb 17, 2023.

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