Shera Energy IPO: GMP, Size, Issue Price & Dates

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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 
Earthstahl & Alloys IPO: GMP, Size, Issue Price

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: 

  1. Funding the Working capital requirements of our Company; 
  1. 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
Websitehttp://www.sheraenergy.com/

Shera Energy IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Websitehttp://www.bigshareonline.com

Shera Energy IPO Lead Manager(s)

  1. Holani Consultants Private limited (Past IPO Performance)

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