TechEra Engineering...
19 Sep 2024
Shera Energy Ltd. IPO Date, Allotment, and all Details
Shera Energy Limited
Shera Energy Limited, a 2009 corporation, operates in the manufacturing industry. The business produces non-ferrous metal winding wires and strips, primarily out of copper and aluminium. Additionally, they process items like copper and brass wire rods, wires, and tubes.
They manufacture products based on consumer requests, therefore they are tailored to the needs of their clients. In a nutshell, Shera Energy creates items like:
- 1. Paper covered wires
- 2. Enamel and fiber covered wires
- 3. Round wires
- 4. Rectangular wires
- 5. Bunched wires
- 6. Tubes
- 7. Rods
- 8. Strips
Shera Energy Limited holds certifications for ISO 9001:2015, ISO 14001:2015, and ISO 45001:2018. Power Grid Corporation of India has granted it vendor approval and validation for a number of its products. To guarantee the highest quality, the National Test House and the Electrical Research and Development Association test and certify each of the goods that the business designs and manufactures based on a variety of criteria.
Some of the Company's competitive advantages include:
- 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
- 5. Innovative Ideas
Objects of the Issue
The Company wants to use the net proceeds from the new issue to pay for the following things:
- 1. Funding our company's need for working capital
- 2. Corporate general objectives
Shera Energy IPO Details
| IPO Date | Feb 7, 2023 to Feb 9, 2023 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹55 to ₹57 per share |
| Lot Size | 2000 Shares |
| Issue Size | 6,176,000 shares of ₹10 (aggregating up to ₹35.20 Cr) |
| Fresh Issue | 1,048,000 shares of ₹10 (aggregating up to ₹5.97 Cr) |
| Offer for Sale | 5,128,000 shares of ₹10 (aggregating up to ₹29.23 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE SME |
| QIB Shares Offered | 48.42% of the Net Offer |
| NII (HNI) Shares Offered | 15.84% of the Net Offer |
| Retail Shares Offered | 35.74% of the Net Offer |
| Market Maker | HOLANI CONSULTANTS PRIVATE LIMITED |
| Company Promoters | Mr. Sheikh Naseem, Mrs. Shivani Sheikh and M/s Isha Infrapower Private Limited are the Promoters of the Company. |
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