Shera Energy, incorporated on December 08, 2009, is primarily engaged in the business of manufacturing winding wires and strips made of non-ferrous metals, primarily copper and aluminium.
| Bidding Dates |
|---|
| 07 Feb 2023 - 09 Feb 2023 |
| Subscription |
|---|
| 47.36x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,14,000 | 1 | 1 | 2000 | 6.2 M | ₹55 - ₹57 | 72.9 % | ₹339.7 M - ₹352.0 M | RHP DOC |
Shera Energy IPO SUBSCRIPTION STATUS
09 Feb '23Shera Energy IPO overall subscription rate was 47.36 times the total available shares
Shera Energy IPO retail subscription rate was 51.3 times in the retail segment
Shera Energy IPO non-institutional investor subscription rate was 190.12 times in the non-institutional investor category
Shera Energy IPO Qualified Institutional Bidder subscription rate was 8.73 times the available shares for Qualified Institutional Bidder
Shera Energy IPO Employees subscription rate was 1.46 times in the Employees category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers | Employees |
|---|---|---|---|---|
| Category Reservation | 35% | 15% | 50% | - |
09 Feb 2023 (Day 3) | 51.3x | 190.12x | 8.73x | 1.46x |
08 Feb 2023 (Day 2) | 13.95x | 13.25x | 0.01x | 1.17x |
07 Feb 2023 (Day 1) | 3.34x | 1.68x | 0x | 0.53x |
Shera Energy FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| H1FY23 | 42.8 | 3,387.2 | 171.8 | 157.0 |
| FY22 | 70.0 | 5,238.2 | 109.0 | 85.2 |
| FY21 | 50.3 | 4,219.7 | 297.0 | 267.3 |
| FY20 | 36.1 | 4,253.3 | 157.6 | 124.3 |
Shera Energy IPO SUBSCRIPTION STATUS DETAILS
Shera Energy had 6.2 M shares on offer
Shera Energy IPO offer price was in the range ₹55 - ₹57
Shera Energy IPO minimum Investment was ₹114000
Shera Energy IPO issue size was ₹ 339.7 M - ₹ 352.0 M
Shera Energy had a minimum lot size of 2000 Shares per application
Shera Energy NUMBER OF SHARES ON OFFER
Shera Energy IPO IMPORTANT DATES
| Issue Open Date | 07 Feb 2023 |
| Issue close Date | 09 Feb 2023 |
| Allotment Date | 14 Feb 2023 |
| Refund Date | 15 Feb 2023 |
| Demat Account Credit Date | 16 Feb 2023 |
| Listing Date | 17 Feb 2023 |
| Listing on Exchange(s) | NSE |
| Shera Energy Allotment Status | Exchange |
Shera Energy IPO subscription opened on 07 Feb 2023, and closed on 09 Feb 2023
IPO allotment for Shera Energy was finalized on Tuesday, 14 Feb 2023
IPO listing for Shera Energy was on NSE on Friday, 17 Feb 2023
Shera Energy IPO LISTING GAINS
| Issue Price (adjusted) | 57.0 |
| Listing Open Price | 64.1 |
| Listing Close Price | 67.3 |
| Listing Gain% | 12.5% |
| Current Gain% | 191.9% |
Shera Energy Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shera Energy Ltd. | 166.4 | 379.2 | 13.8 | 0.3 | 0.2 | 15.2 | 3.7 | 1646.7 | 28.7 | 29.4 | 65.2 | 12 | 44.5 |
| APL Apollo Tubes Ltd. | 1970 | 54698.7 | 44.5 | 0.8 | 2.4 | 22.7 | 13.6 | 23190.8 | 11.6 | 1203.1 | 58.9 | 44.3 | 53.4 |
| Welspun Corp Ltd. | 1839.8 | 48532.2 | 21 | 1.4 | 2.8 | 17.6 | 7.9 | 16905.4 | 19.3 | 1613 | -15.5 | 87.5 | 14.9 |
| Usha Martin Ltd. | 515 | 15695.7 | 31 | 1.2 | 4.1 | 14.1 | 11.1 | 3759.9 | 7 | 466 | 14.4 | 16.6 | 25.4 |
| Vedanta Iron and Steel Ltd. | 35.2 | 13768.5 | 0 | -191.6 | 0 | 0 | -28.4 | ||||||
| Technocraft Industries (India) Ltd. | 2693.5 | 6106.9 | 21.4 | 1.9 | 2.2 | 14.1 | 8.8 | 2860.8 | 6.1 | 285.3 | 11.4 | 125.8 | 11.4 |
Shera Energy INFORMATION ON IPO ISSUE
About Shera Energy
Shera Energy, incorporated on December 08, 2009, is primarily engaged in the business of manufacturing winding wires and strips made of non-ferrous metals, primarily copper and aluminium.
Object of the Issue
- Funding the working capital requirements of the company
- General corporate purposes
Shera Energy - PROMOTERS
| Name |
|---|
| Sheikh Naseem |
| Shivani Sheikh |
| Isha Infrapower Private Limited |
Shera Energy Lead Manager to the Issue
Holani Consultants Private Limited
ipo@holaniconsultants.co.in
Shera Energy Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shera Energy Strengths
Experienced management team
The company's senior management team comprises promoters who are qualified engineers and have extensive experience and know-how in the engineering sector, including business development, operations, administration, marketing and human resource management
Long-standing relationships
The company focuses on building sustained and long-standing relationships with clients and constantly tries to cater to customer needs with products in demand
Established manufacturing facility
The company's manufacturing units located in industrial areas of Jaipur city are equipped and capable of carrying out end-to-end manufacturing activities
Shera Energy Risks
Geographically concentrated
Its major operations are concentrated in Rajasthan and any adverse factors affecting the state could harm the business
Purchase order basis
The company generally does business with customers on a purchase-order basis and does not enter into long-term contracts with most of them
Competition
The company faces competition from other players, which may affect its business operations and financial conditions
IPO FAQs
This IPO consists of an offer for sale of up to Rs 29.2 crore, of 5,128,000 shares. It also consists of a fresh issue of Rs 6.0 crore.
The promoters of the company are Sheikh Naseem, Shivani Sheikh and Isha Infrapower Private Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.
The price band of the IPO is Rs 55.0 - 57.0.
The IPO application opens on Feb 07, 2023 and closes on Feb 09, 2023.
The minimum lot size for the IPO is 2000. The maximum lot size for the IPO is 2000.
For all category investors, the minimum application amount for this IPO is Rs. 114,000.0, the maximum value for this IPO is Rs 114,000.0.
This IPO will be allotted on Feb 14, 2023.
The refund will be credited to your account on Feb 15, 2023.
The allotted shares will be credited to your demat on Feb 16, 2023.
Shera Energy Ltd.’s shares listed on the stock exchanges on Feb 17, 2023.