February 17, 2023
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Shera Energy IPO Analysis at Chanakyanipothi.com,
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Shera Energy IPO listing Estimate:
In spite of large issue size, the IPO has garnered good response from NII category of investors. Weak market mood has not affected subscription trend. The share is expected to get listed at around Rs. 67.
Shera Energy IPO Guidance:
The size of the IPO is very large. Subsequent to Adani issue, the market mood is weak and the grey market is in complete shock. The company is strong base of total income, whereas its bottomline has steadily increased during last 3 years. If we consider these profitability figures as genuine, then the IPO price is very reasonable. However weak market mood may affect subscription trend. Wait for second or third day and then considering subscription trend, decide about apply or avoid.
Shera Energy IPO Grey Market updates
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Shera Energy IPO Subscription Status
# On 9 February 2023 @ 5.00 pm (Closed)
HNI: 2506000 Shares, 8.73 T
NII: 820000 Shares, 190.12T
RII: 1850000 Shares, 51.28 T
Emp: 600000 Shares, 1.46 T
Total: 5776000 Shares 47.36 T
Shera Energy: Company Details
The Company is primarily engaged in the business of manufacturing of winding wires and strips made
of non-ferrous metals primarily Copper and Aluminium. Company also manufactures wire rods, wires
and tubes of Copper and Brass. These wires, tubes and rods are manufactured in various shapes and
sizes as per the requirement of the customers and / or demand in the market. Its product range
includes paper covered wires, enamel and fibre covered wires, round wires, rectangular wires,
bunched wires, tubes, rods, strips, etc.
The Company has also commenced manufacturing special grade brass rods through Cold Extrusion
process suitable to make bullet shells for defence applications. Company has successfully done therequisite trials and tests on this with customers. This product has been recently developed by the
company on account of demand in the ammunition industry in our country.
Over the past couple of years, the company has outgrown itself into a distinguished large-scale
organization specializing in wires, tubes and rods of various shapes, sizes and in various on-ferrous
metals having plentiful applications. The experience of more than a decade has enabled us to build an
effective business model that gives us control over its processes from raw material procurement,
manufacturing and marketing to sales through our network.
The company has well-equipped manufacturing facilities with latest technology plant and machinery
for manufacturing and quality control lab with in house testing equipments to test the quality of its
products. Its finished products undergo a strict quality check to ensure that they are of required
quality as per the standards set. Its in-house testing team regulates and monitors the quality, safety
and packaging of the products.
For more information about the company, Click www.sheraenergy.com
| Shera Energy IPO Details | |
| IPO opens on | 7 February 2023 |
| IPO closes on | 9 February 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 6176000 Sh /Rs 35.20 Cr |
| * Fresh Issue | 1048000 Sh /Rs 5.97 Cr |
| * Offer for Sale | 5128000 Sh /Rs 29.23 Cr |
| Face Value per share: | Rs. 10 |
| Price Band | Rs.55-57 |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 2000 Shares |
| Listing will at | NSE Sme |
| Shares offered to | ||
| Shares | Rs. (Cr) | |
| QIB (30 %) | – | 3.69 |
| NII (35 %) | – | 4.30 |
| RII (35 %) | – | 4.30 |
| Total Shares | 5176000 | 29.50 |
| Retail portion will be oversubscribed by | – | |
| Forms | ||
| How much Shares to Apply? | ||
| Min Retail Application | 2000 Sh | Rs. 114000 |
| Max Retail Application | 4000 Sh | Rs. 228000 |
Promoters of the IPO
Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited
Objects of the IPO:
The Company intends to utilize the Net Fresh Issue Proceeds to meet Working Capital requirements.
| Shera Energy IPO Tentative timetable | |
| IPO opens on | 7 February 2023 |
| IPO Closes on | 9 February 2023 |
| IPO Allotment on | 14 February 2023 |
| Unblocking of ASBA | 15 February 2023 |
| Credit of Shares | 16 February 2023 |
| Listing on | 17 February 2023 |
| Registered Office of Shera Energy |
| F-269-B, Road No. 13 VKIA, Jaipur Rajasthan 302013 India |
| IPO Lead Managers |
| Holani Consultants Private Limited |
| Registrar to the IPO |
| Bigshare Services Pvt. Ltd. |
| Shera Energy IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs.in Cr | Rs.in Cr | Rs. | % | |
| 2019-20 | 426.19 | 3.61 | 1.81 | 6.43 |
| 2020-21 | 422.72 | 5.03 | 2.52 | 8.27 |
| 2021-22 | 524.58 | 6.99 | 3.51 | 10.48 |
| Book Value of the Share on | 31.03.2022 | Rs.33.47 | ||
| Book Value of the Share | after the IPO | Rs. | ||
| Offer Price | Rs. 57 | |||
| Ratio Analysis | |
| Upper Price/last EPS | 16.24 |
| Upper price/BV Ratio | 1.70 |
| Upper price/BV after IPO | |
Shera Energy IPO Peer Comparison:
| As on date of RHP | FV | Total | PE |
| Rs. | Income | Ratio of | |
| Rs. In Cr | |||
| The IPO Company | 10 | 524.58 | 16.24 |
| Precision Wires | 1 | 2690 | 18.53 |
| Rajnandini Metals | 10 | 1030 | 51.58 |
| RamRatna Wires | 5 | 2019 | 15.81 |
| Cubex Tubings | 10 | 135.68 | 17.16 |
| Bhagyanagar | 2 | 1090 | 31.93 |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
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