Shera Energy Limited, a 2009 corporation, operates in the manufacturing industry. The business produces non-ferrous metal winding wires and strips, primarily out of copper and aluminium. Additionally, they process items like copper and brass wire rods, wires, and tubes. They manufacture products based on consumer requests; therefore, they are tailored to the needs of their clients. In a nutshell, The company creates items like:
- Wires coated in paper
- Wires coated in fibre and enamel
- Square wires
- Circular wires
- Twisted wires
- Tubes
- Rods
- Strips
Shera Energy Limited holds certifications for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Power Grid Corporation of India has granted it vendor approval and validation for a number of its products. To guarantee the highest quality, the National Test House and the Electrical Research and Development Association test and certify each of the goods that the business designs and manufactures based on a variety of criteria.
Shera Energy IPO Details
| IPO Dates | 7 – 9 February 2023 |
| IPO Price | INR 55 – 57 per share |
| Fresh issue | 10,48,000 shares (INR 5.76 – 5.97 crore) |
| Offer For Sale | 51,28,000 shares (INR 28.20 – 29.23 crore) |
| Total IPO size | 61,76,000 shares (INR 33.97 – 35.20 crore) |
| Minimum bid (lot size) | 2,000 shares (INR 114,000) |
| Face Value | INR 10 per share |
| Retail Allocation | 50% |
| Listing On | 17 February 2023 |
Shera Energy IPO Dates
| IPO Opening Date | 7 February 2023 |
| IPO Closing Date | 9 February 2023 |
| Finalisation of Basis of Allotment | 14 February 2023 |
| Initiation of refunds | 15 February 2023 |
| Transfer of shares to demat accounts | 16 February 2023 |
| IPO Listing Date | 17 February 2023 |
| Opening Price on NSE SME | Coming soon |
| Closing Price on NSE SME | Coming soon |
Company Financial Performance
| FY 2020 | FY 2021 | FY 2022 | H1 FY 2023 | |
| Revenue | 425.33 | 421.97 | 523.82 | 338.72 |
| Expenses | 420.75 | 415.62 | 514.92 | 333.75 |
| Net income | 3.61 | 5.03 | 7.0 | 4.28 |
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 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
Shera Energy IPO Lead Manager(s)
- Holani Consultants Private limited (Past IPO Performance)
