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SME IPO Status: Listed [7th Feb 2023 to 9th Feb 2023]
Shera Energy Limited offers a SME IPO issue size of 6,176,000 equity shares worth of Rs 35.20 Cr. This SME IPO is opening for subscription from 07 Feb 2023 to 09 Feb 2023. The face value of the equity share is Rs 10 per share and the price band is decided about to Rs 55 to Rs 57 per share. and the minimum lot size is 2,000 shares and their multiples.
Check out Shera Energy Limited IPO Review including company overview, financial, live subscription, allotment, GMP, and more.
| SME IPO Issue Opening Date: | 7th Feb 2023 |
| SME IPO Issue Closing Date: | 9th Feb 2023 |
| SME IPO Issue Price: | ₹55-57 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| IPO Listing At: | NSE SME |
| Retail Quota: | 35.74% of the Net Offer |
| SME IPO Issue Type: | Book Build Issue |
| SME IPO Issue Size: | ₹35.20 Cr |
| Offer for Sale: | ₹29.23 Cr |
| Fresh Issue: | ₹5.97 Cr |
| Face Value: | ₹10 Per Equity Share |
| SME IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 66.57% |
| Promoter Holding Post IPO: | 63.51% |
| Allotment Status: | Allotment Status |
| NSE Code: | SHERA |
Get important updates regarding Shera Energy SME IPO tentative timeline covering SME IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| SME IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 14th Feb 2023 |
| Refunds Initiation* | 15th Feb 2023 |
| Credit of Shares to Demat* | 16th Feb 2023 |
| SME IPO Listing Date* | 17th Feb 2023 |
* - Tentative Dates
| SME IPO Activity | Date |
|---|---|
| Issue Price | ₹55-57 |
| Market Lot: | 2000 Shares |
| 1 Lot Amount: | ₹114000 |
| Min HNI Lots: | 4000 shares (2 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 17-02-2023 | 57 | 11 | 20000 | ₹68 (19.3%) | 17-Feb-2023 9:02 |
Zerodha Trade@20
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
Shera Energy Limited was established in Dec 2009 in Jaipur. This 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.
This 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 the Page 142 of 481 requisite 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.
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. The finished products undergo a strict quality check to ensure that they are of required quality as per the standards set.
In order to expand the business and to get the benefits of backward and forward integration, company has invested/acquired/incorporated three subsidiary companies namely, Rajputana Industries Private Limited, Shera Metal Private Limited and Shera Infrapower Private Limited to add value added products in its existing portfolio.
| Incorporation | Sector | IPO Issue Size | Website |
| 2009 | Manufacturing (Machinery & Equipments) | ₹35.20 Cr | http://www.sheraenergy.com/ |
TheCompany proposes to utilize the Net Proceeds of the Fresh Issue towards the funding of the following objects:
The table below is live update of SME IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | EMP | Total | |
|---|---|---|---|---|---|---|
| # of Shares Offered | 2,506,000 (43.39%) | 820,000 (14.2%) | 1,850,000 (32.03%) | 600,000 | 5,776,000 | |
| 1 | 7th Feb 2023 17:02 | 0.00x | 1.68x | 3.34x | 0.53x | 1.37x |
| 2 | 8th Feb 2023 17:02 | 0.01x | 13.25x | 13.95x | 1.17x | 6.48x |
| 3 | 9th Feb 2023 19:02 | 8.73x | 190.12x | 51.30x | 1.46x | 47.36x |
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 27,731.94 | 42,619.14 | 361.43 | 5,624.34 | 11,062.67 |
| 31-Mar-21 | 29,315.64 | 42,271.92 | 502.67 | 6,075.60 | 10,542.28 |
| 31-Mar-22 | 32,523.73 | 52,458.21 | 699.50 | 6,673.35 | 11,812.67 |
| 30-Sep-22 | 33,832.97 | 33,953.72 | 428.25 | 7,054.88 | 11,437.59 |
| Amount in ₹ Lakhs | |||||
Last Updated on 20-Feb-2023 20:30:07
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase Shera Energy SME IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply Shera Energy SME IPO with Zerodha.
Alternate approch to apply in Shera Energy SME IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
Shera Energy SME IPO Review and Important Updates
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To subscribe or apply in Shera Energy SME IPO, you can use the following methods:
| Shera Energy SME IPO Applying Mode | Method | Details |
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in Shera Energy SME IPO directly with your brokers website. Example HDFC Securities, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in Shera Energy SME IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in Shera Energy SME IPO. Most of the Syndicate Banks provide access to apply in Shera Energy IPO via ASBA process. You must have your net banking access, DP ID information to apply in Shera Energy SME IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in Shera Energy SME IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
Shera Energy SME IPO Review and Important Updates
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Shera Energy SME IPO is going to be list on 17-02-2023. NSE Code for Shera Energy is SHERA. BSE Code for Shera Energy is .
Other relevant questions:
When Shera Energy SME IPO will be listing? Shera Energy SME IPO NSE listing date?Shera Energy SME IPO date of listing.Shera Energy SME IPO BSE listing date?
Shera Energy SME IPO Allotment Date is 14-02-2023.
Other relevant questions:
Shera Energy SME IPO share allotment date?Shera Energy SME IPO allotment date?
