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.

CONS

  • The company works in a highly competitive segment. 

Shera Energy Limited IPO APPLICATION PROCESS WITH ZERODHA

It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :

  1. Logging into Zerodha console through its website or KITE platform.
  2. Clicking the IPO link present in the Portfolio section.
  3. Click the Shera Energy Limited IPO button and press the BID button.
  4. Entering the details asked for like UPI ID, Quantity and price.
  5. Submit the application form for the IPO.
  6. Visiting the application of UPI for approving the transaction.

Now, applying for an IPO online is possible with most of the Discount and online brokers.

 

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