NEWS

Shera Energy Limited IPO : Highlights

Shera Energy Limited IPO is set to launch on 7 Feb2023. The company initiated its business operations in 2009. It is engaged in the manufacturing of Copper and Aluminium winding wires. Their product portfolio also includes Wire rods, tubes of copper and bras, Paper covered wires, Round wires, Enamel and Fibre covered wires, rectangular wires, Tubes, bunched wires, rods and stripes. It is an ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certified company. It has also received an approval validation from Powergrid.

Shera Energy Limited IPO DETAILS

Shera Energy Limited IPO is set to launch on 7 Feb., 2023. The subscription timeline extends till 9 Feb, 2023. The size for the IPO is 35.20 Crore Rs.. Shares issued through fresh issues are worth 5.97 Crore Rs. Shares issued through Offer For Sale mode are worth Rs 29.23 Crore. The lot size is 2000 shares and the price is 55 to 57 Rs per share. The company is going to get listed at NSE SME. The face value per share is Rs.10 and this is a Book Built issue. The registrar for the company is BigShare Services Private Limited.

Tabular Description of Shera Energy Limited IPO

IPO OPENING DATE	7 Feb., 2023
CLOSING DATE FOR IPO	9 Feb, 2023
ISSUE TYPE	Book Built Issue
Face Value per share	10 Rs. per share
IPO price band	55 to 57 Rs. per share
LOT SIZE	2000 shares
MINIMUM ORDER QUANTITY	2000 shares
ISSUE SIZE	35.20 Crore Rs.
OFFER FOR SALE	29.23 Crore Rs.
FRESH ISSUE	5.97 Crore Rs.
LISTING AT	NSE SME
LISTING DATE	17 Feb, 2023

Shera Energy Limited IPO : IMPORTANT DATES

IPO OPENING DATE	7 Feb., 2023
CLOSING DATE FOR IPO	9 Feb, 2023
IPO ALLOTMENT DATE	14 Feb, 2023
REFUNDS	15 Feb, 2023
DEMAT A/C CREDITED ON	16 Feb, 2023
IPO LISTING DATE	17 Feb, 2023

Shera Energy Limited IPO begins for subscription from 7 Feb., 2023. The IPO subscription would continue till 9 Feb, 2023. The allotment status for the shareholders who applied would come on 14 Feb, 2023. The refunds for the ones who did not get allotment would be initiated on 15 Feb, 2023. The DEMAT accounts of shareholders would be credited on 16 Feb, 2023. The listing of the company would be accompanied on 17 Feb, 2023.

Shera Energy Limited IPO : Lead Managers

The lead managers are :

Holani Consultants Private Limited

The minimum lot size for the company is decided at 2000 shares. This holding accounts to 114000 Rs.. The maximum lot size is decided at 4000 shares (HNI). This amounts to 228000 Rs.. Hence the company’s final holdings would be set as :

	Shares	Amount
Minimum	2000 shares	114000 Rs.
Maximum	4000 shares	228000 Rs.

OBJECTIVES FOR THE IPO

For General corporate purposes.
The funds can be used for working capital requirements.

COMPANY FINANCIALS

Particularly (in Lakh Rs.)	2021-22	2020-21	2019-20
ASSETS	32523	29315	27731
Revenue	52458	42271	42619
PAT	699	502	361

Shera Energy Limited had an asset base of 32523 Lakh Rs in 2022. The company had it of 29315 Lakh Rs in 2021 and 27731 Lakh Rs in 2020. Hence the assets of the company are constantly increasing. The revenue on the other hand had only increased in 2022. The revenue for 2020 is 42619 Lakh Rs and for 2021 is 42271 Lakh Rs. This signals only a marginal increase in the same. However in 2022 the same is close to 52500 Lakh Rs. Regardless of stagnant revenue the profits of the firm have increased. The profit was 361 Lakh Rs in 2020 which increased to 502 Lakh Rs in 2021 and was 699 Lakh Rs in 2022. Hence overall the financials of the company look sound based on the past 3 year’s history.

PROS

The product portfolio of Shera Energy Limited includes Wire rods, tubes of copper and bras, Paper covered wires, Round wires, Enamel and Fibre covered wires, rectangular wires, Tubes, bunched wires, rods and stripes.
It is an ISO 9001:2015, ISO 45001:2018 and ISO 14001:2015 certified company. It has also received an approval validation from Powergrid.