Select Page

Shera Energy IPO GMP, Price, Dates & Allotment Details 2023

Shera Energy IPO GMP, Price, Dates & Allotment Details 2023

Shera Energy IPO will open on February 7 and close on February 9, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 35.20 crore through this public offering, consisting of 6,176,000 shares of face value of ₹ 10 each. Which will be issued at a price of ₹ 55 to ₹ 57 per share.

The company is an ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018 recognised organization that was incorporated in 2009. The company is primarily engaged in the business of manufacturing winding wires and strips made of non-ferrous metals, primarily copper and aluminum.The business also produces copper and brass wire rods, wires, and tubes. These wires, tubes, and rods are produced in a variety of diameters and forms to meet client demand or market supply.

The company’s product range includes paper-covered wires, enamel and fiber-covered wires, round wires, rectangular wires, bunched wires, tubes, rods, strips, etc.

Objects of the Issue

The company proposes to utilize the net proceeds of the Fresh Issue towards funding the following objects:

  1. Funding the Working capital requirements of our Company;
  2. General corporate purposes.

Financial Highlights (Consolidated)

ParticularsPeriod ended on 30th September 2022FY 2021-22FY 2020-21FY 2019-20
Net Worth7054.886673.356075.605624.34
Total Assets33832.9732523.7329315.6427731.94
Total Borrowing11437.5911812.6710542.2811062.67
Total Revenue33953.7252458.2142271.9242619.14
Profit After Tax428.25699.50502.67361.43
(Amount in ₹ Lakhs)

Shera Energy IPO – Details

According to the DRHP filed with SEBI, the company plans to issue 6,176,000 shares of face value of ₹ 10 each, aggregating up to ₹ 35.20 crore.

Issue TypeBook Built Issue IPO
IPO Price₹ 55  to ₹ 57 per share
Face Value₹ 10 per share
Market Lot2,000 shares
Issue Size6,176,000 shares of ₹ 10 (Aggregating up to ₹ 35.20 Crore)
Fresh Issue1,048,000 shares of ₹ 10 (Aggregating up to ₹ 5.97 Crore)
Offer for sale5,128,000 shares of ₹ 10 (Aggregating up to ₹ 29.23 Crore)
QIB Shares Offered48.42% of the Net Issue
NII (HNI) Shares Offered15.84% of the Net Issue
Retail Shares Offered35.74% of the Net Issue
Listing AtNSE SME
Promoters1. Mr. Sheikh Naseem
2. Mrs. Shivani Sheikh 
3. M/s Isha Infrapower Private Limited

GMP – Shera Energy IPO

Shera Energy IPO GMP, or Grey Market Premium, are available here. The IPO GMP Premium updated day by day for IPOs’ running periods, and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.

Tentative Dates – Shera Energy IPO

Shera Energy IPO opens on February 7 and closes on February 9, 2023.

Opening DateFebruary 7, 2023
Closing DateFebruary 9, 2023
Basis of AllotmentFebruary 14, 2023
Initiation of RefundsFebruary 15, 2023
Credit of shares to Demat A/cFebruary 16, 2023
Listing DateFebruary 17, 2023

Lot Size – Shera Energy IPO

The lot size of the Shera Energy IPO is 2,000 shares. A retail-individual investor can apply for up to 1 lot, i.e., 2,000 shares of  ₹ 114,000.

ApplicationsLotsSharesAmount 
Retail (Minimum)12,000₹ 114,000
Retail (Maximum)12,000₹ 114,000
HNI (Minimum)24,000₹ 228,000

Promoters Holdings – Shera Energy IPO

Pre-issue Shares Holdings66.57%
Post-issue Shares Holdings63.51%

SWOT Analysis – Shera Energy IPO

STRENGTHSWEAKNESSES
1. Strong, experienced and dedicated senior management team and qualified workforce. 
2. Long standing relationships with leading clientele.
3. Focus on Quality and Safety.
4. Established Manufacturing facility. 
1. Company revenue is highly dependent on a limited number of customers.
2. Company, its promoters, and its directors are involved in certain legal proceedings.
OPPORTUNITIESTHREATS
1. Through the cold extrusion process, the company has developed new products, such as special-grade brass rods suitable for making bullet shells for defense applications. which enables the company to diversify into new areas.
2. In order to expand the business and get the benefits of backward and forward integration, the company has invested in, acquired, or incorporated three subsidiary companies.

1. Competitions from other players in the market.
2. Changes in technologies.
3. Change in Government Policies.

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationShera Energy Limited
F-269-B, Road No. 13, VKIA, Jaipur – 302013
Phone: +91– 9314434130
Email: [email protected]
Website: http://www.sheraenergy.com/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
Website: http://www.bigshareonline.com
IPO Lead Manager(s)Holani Consultants Private limited 

FAQ’s

The Shera Energy IPO price is ₹ 55 to ₹ 57 per share

One lot of Shera Energy IPO contains 2,000 shares of ₹ 114,000.

The minimum investment size is one lot for retail investors.

The finalisation of the basis of allotment for the Shera Energy IPO will be done on February 14, 2023, and the allotted shares will be credited to your demat account by February 16, 2023.  Check the Shera Energy IPO allotment status.

The Shera Energy IPO shares listing date is February 17, 2023.

The investors’ portion for QIB - 48.42%,  NII (HNI) – 15.84%, and Retail – 35.74%.

Click here for more FAQs.

Leave a reply

Your email address will not be published. Required fields are marked *

Current IPO (Main Board)

Issuer CompanyOpenClose
Tata Technologies Ltd.--
Plaza Wires Ltd.29-Sep-234-Oct-23
27-Sep-233-Oct-23
Updater Services Ltd.25-Sep-2327-Sep-23
JSW Infrastructure ltd.25-Sep-2327-Sep-23
22-Sep-2326-Sep-23
20-Sep-2322-Sep-23
20-Sep-2322-Sep-23
Yatra Online Ltd.15-Sep-2320-Sep-23
14-Sep-2318-Sep-23

SME IPO

Issuer CompanyOpenClose
Rajgor Castor Derivatives Ltd.17-Oct-2320-Oct-23
WomanCart Ltd.16-Oct-2318-Oct-23
12-Oct-2316-Oct-23
Committed Cargo Care Ltd.6-Oct-2310-Oct-23
29-Sep-234-Oct-23
Karnika Industries Ltd.29-Sep-234-Oct-23
Plada Infotech Services Ltd.29-Sep-234-Oct-23
29-Sep-234-Oct-23
29-Sep-234-Oct-23
Vivaa Tradecom Ltd.27-Sep-234-Oct-23

RECENT COMMENT