Shera Energy SME
Listing performance
Scheduled dates
Tentative timetable — a past date is not confirmation the step completed
Issue details
- IPO date
- 07 Feb 2023 – 09 Feb 2023
- Listing date
- 17 Feb 2023
- Face value
- ₹10 per share
- Issue price
- ₹57 per share
- Lot size
- 2,000 shares
- Total issue size
- ₹35.20 Cr
- Market cap at offer price
- ₹130 Cr
- Promoter holding
- 66.57% → 63.51% pre-issue → post-issue
- ISIN
- INE0MM001019
- Registrar
- Bigshare Services Pvt.Ltd.
- Lead managers
- Holani Consultants Pvt.Ltd.
- Registered office
- F-269-B, Road No.13, Vishwakarma Industrial Area, Rajasthan
Reservation and application size
How the issue is split between investor categories, and what each may bid
| Investor category | Shares | % of net | % of total |
|---|---|---|---|
| Anchor investor · within QIB | 15,00,000 | — | — |
| Market maker | 4,00,000 | — | — |
Application size
Minimum 2,000 shares per lot, in multiples, at ₹57
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 2,000 | ₹1,14,000 |
| S-HNI (min) | 2 | 4,000 | ₹2,28,000 |
| S-HNI (max) | 8 | 16,000 | ₹9,12,000 |
| B-HNI (min) | 9 | 18,000 | ₹10,26,000 |
Category limits
| Category | Bid size | Cut-off |
|---|---|---|
| Retail (RII) | Up to ₹2 lakh | Yes |
| Small HNI (sNII) | ₹2 lakh – ₹10 lakh | No |
| Big HNI (bNII) | Above ₹10 lakh | No |
| Employee | Up to ₹5 lakh | Yes |
Bidding at cut-off means accepting the final issue price without naming one. Only retail and employee applicants may do so.
Anchor investors
Institutional allocation placed a day before the issue opens, carved out of the QIB portion and locked in after listing.
Valuation and performance
Valuation at offer price
| Metric | Pre-issue | Post-issue |
|---|---|---|
| EPS (₹) | 3.51 | — |
| P/E (×) | 16.24 | — |
| Market cap | — | ₹130 Cr |
Key performance indicators
- Return on net worth
- 10.48%
- ROCE
- 26.78%
- PAT margin
- 1.34%
- EBITDA margin
- 6.42%
- NAV per share
- ₹33.47
Single period as reported. Year-on-year movement is in the financials table below, where every period is published.
About Shera Energy SME
Shera Energy Limited was originally incorporated as 'Shera Energy Private Limited' on December 08, 2009 at Jaipur, Rajasthan, and acquired the entire business activities and movable assets of 'Shera Metals and Engineers', the proprietorship firm of promoter Mr. Sheikh Naseem, as a going concern pursuant to a Slump Sale agreement dated December 31, 2009; it was converted into a public limited company and renamed 'Shera Energy Limited' with effect from a fresh certificate of incorporation issued on June 02, 2022. The company manufactures winding wires and strips of copper and aluminium (paper covered, enamel and fibre covered round, rectangular and bunched wires) used as winding material in transformers, motors and other electrical equipment, and also manufactures wire rods, wires and tubes of copper and brass in various shapes and sizes; it has recently developed special grade brass rods through a Cold Extrusion process suitable for making bullet shells for defence applications. To gain backward and forward integration, it holds three subsidiaries: Rajputana Industries Private Limited (winding wires, rods, strips, billets and ingots), Shera Metal Private Limited (bus bars, tubes and non-ferrous sections) and Shera Infrapower Private Limited (wires and wire products). It earns money by selling these manufactured products, roughly 90% in the domestic market (with operations concentrated in Rajasthan) and about 9-10% as exports; consolidated revenue from operations was ₹52,382.19 lakhs in FY2022 with profit after tax of ₹699.50 lakhs.
Company Analysis
from RHPShera Energy Limited is a Jaipur-based manufacturer of winding wires and strips made of non-ferrous metals (primarily copper and aluminium) and of wire rods, wires and tubes of copper and brass, serving the electrical equipment industry and, recently, the defence ammunition industry.
Shera Energy Limited was originally incorporated as 'Shera Energy Private Limited' on December 08, 2009 at Jaipur, Rajasthan, and acquired the entire business activities and movable assets of 'Shera Metals and Engineers', the proprietorship firm of promoter Mr. Sheikh Naseem, as a going concern pursuant to a Slump Sale agreement dated December 31, 2009; it was converted into a public limited company and renamed 'Shera Energy Limited' with effect from a fresh certificate of incorporation issued on June 02, 2022. The company manufactures winding wires and strips of copper and aluminium (paper covered, enamel and fibre covered round, rectangular and bunched wires) used as winding material in transformers, motors and other electrical equipment, and also manufactures wire rods, wires and tubes of copper and brass in various shapes and sizes; it has recently developed special grade brass rods through a Cold Extrusion process suitable for making bullet shells for defence applications. To gain backward and forward integration, it holds three subsidiaries: Rajputana Industries Private Limited (winding wires, rods, strips, billets and ingots), Shera Metal Private Limited (bus bars, tubes and non-ferrous sections) and Shera Infrapower Private Limited (wires and wire products). It earns money by selling these manufactured products, roughly 90% in the domestic market (with operations concentrated in Rajasthan) and about 9-10% as exports; consolidated revenue from operations was ₹52,382.19 lakhs in FY2022 with profit after tax of ₹699.50 lakhs.
Objects of the Issue
- Funding the working capital requirements of our Company ₹ 425.00 Lakhs from Net Proceeds (total ₹ 1,150.00 Lakhs, of which ₹ 725.00 Lakhs funded from Pre-IPO Placement) p.101
- General corporate purposes p.101
Issue Structure
- Total Issue
- Up to 61,76,000 Equity Shares aggregating up to ₹ [●] Lakhs
- Fresh Issue
- Up to 10,48,000 Equity Shares aggregating up to ₹ [●] Lakhs
- Offer for Sale
- Up to 51,28,000 Equity Shares aggregating up to ₹ [●] Lakhs (by Emerging India Growth Fund CVCF V)
- Face Value
- ₹ 10/- each
Business Model
The company earns revenue from the manufacture and sale of non-ferrous metal products — copper and aluminium winding wires/strips and copper/brass rods, wires and tubes (plus bus bars, billets and ingots via its subsidiaries) — sold largely on a purchase-order basis to customers in the transformer/electrical industry, with approximately 90% of revenue from the domestic market and the remainder from exports.
Business Segments
Promoters
| Name | Role | Pre-Issue | Post-Issue |
|---|---|---|---|
| Sheikh Naseem | Promoter | 33.90% | — |
| Shivani Sheikh | Promoter | 3.22% | — |
| Isha Infrapower Private Limited | Promoter (Corporate Promoter) | 26.31% | — |
Leadership
Auto-extracted from the company's RHP using AI, with each fact linked to its source passage (hover any row to see the quote & page). Provided for research only, not investment advice — verify against the official RHP before relying on it.