Sharika Enterprises is an engineering company incorporated in 1998 and based in Noida. The company is primarily engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, and representation services in the power generation, transmission, and distribution sector. Sharika Enterprises has a diverse portfolio of projects that include the installation of power transmission EHV cables, designing & installing EMS (Energy Management System), and distribution automation equipment such as Autoreclosers and fault passage indicators (FPI). The company also designs and installs solar power generation plants.
Apart from the core services, Sharika Enterprises also provides other consultancy services to its clients. The company offers a wide range of services, including engineering design, procurement, and construction management, project management, feasibility studies, and energy audit services. The company’s expertise in these services enables it to provide end-to-end solutions to its clients, helping them meet their project requirements efficiently. Sharika Enterprises has a manufacturing unit in Jammu and Noida, which allows it to undertake turnkey projects efficiently.
Sharika Enterprises IPO Details
| IPO Date | Nov 15, 2017 to Nov 17, 2017 |
| Listing Date | Nov 27, 2017 |
| Face Value | ₹10 per share |
| Price | ₹43 per share |
| Lot Size | |
| Total Issue Size | 3,225,000 shares (aggregating up to ₹13.87 Cr) |
| Fresh Issue | 3,225,000 shares (aggregating up to ₹13.87 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
Sharika Enterprises IPO Listing Details
| Listing Date | Nov 27, 2017 |
| BSE Script Code | 540786 |
| NSE Symbol | |
| ISIN | INE669Y01014 |
| Final Issue Price | ₹43 per share |
Industry overview
The power generation, transmission, and distribution segment is one of the significant contributors to the EPC industry, driven by the government’s investments in the power sector and the need to upgrade the existing power infrastructure. The renewable energy segment is also gaining traction, primarily due to the growing focus on sustainable energy sources and the decreasing costs of renewable energy technologies. The infrastructure development segment is also growing, driven by the need for developing world-class transportation, water, and sanitation systems.
The EPC industry’s future growth prospects are promising, driven by the government’s investments in infrastructure development, increasing urbanization, and the growing focus on sustainable energy sources. The industry’s growth is also supported by technological advancements, increasing competition, and changing consumer preferences.
Company Financials
| Company consolidated financial performance (in INR crore) | ||||||
| FY2013 | FY2014 | FY2015 | FY2016 | FY2017 | 2M FY2018 | |
| Total revenue | 7.0 | 8.6 | 13.5 | 12.3 | 18.8 | 2.4 |
| Total expenses | 5.4 | 6.7 | 13.3 | 11.0 | 15.4 | 1.7 |
| Profit after tax | 1.1 | 0.7 | 0.2 | 0.8 | 2.2 | 0.5 |
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
Sharika Enterprises IPO Prospectus
Company Contact Information
Sharika Enterprises Limited
B-124, Sector-67,
Gautam Budh Nagar,
Noida, 201301
Phone: +91-120-2593900
Email: cs@sharikaindia.com
Website: http://www.sharikaindia.com/
Sharika Enterprises IPO Registrar
Skyline Financial Services Private Ltd
Phone: 02228511022
Email: virenr@skylinerta.com
Website: https://www.skylinerta.com/
Sharika Enterprises IPO Lead Manager(s)
- Swastika Investmart Ltd (Past IPO Performance)
