Shera Energy Limited, which is engaged in the manufacture of copper, aluminum and brass winding wire and tape, opened its initial public offering (IPO) on February 7-9, 2023. The company aims to make a profit €35 crore through the initial share sale and the shares will be listed on the NSE Emerge platform. The SME IPO has an issue band price of €55 – €57
Shera Energy Limited, which is engaged in the manufacture of copper, aluminum and brass winding wire and tape, opened its initial public offering (IPO) on February 7-9, 2023. The company aims to make a profit €35 crore through the initial share sale and the shares will be listed on the NSE Emerge platform. The SME IPO has an issue band price of €55 – €57
The issue volume is up to 61,76,000 shares, of which the new issue will contain up to 10,48,000 shares and the OFS (offer for sale) up to 51,28,000 shares. The Company plans to use the net proceeds from the IPO for working capital needs and general corporate purposes.
The issue volume is up to 61,76,000 shares, of which the new issue will contain up to 10,48,000 shares and the OFS (offer for sale) up to 51,28,000 shares. The Company plans to use the net proceeds from the IPO for working capital needs and general corporate purposes.
According to market sources, Shera Energy shares are commanding a premium ie GMP (grey market premium) of €18 on the gray market today. The stock is expected to debut on February 17, 2023 on the NSE Emerge platform. The NIFTY SME EMERGE Index is designed to reflect the performance of a portfolio of eligible small and medium sized companies listed on the NSE EMERGE platform.
According to market sources, Shera Energy shares are commanding a premium ie GMP (grey market premium) of €18 on the gray market today. The stock is expected to debut on February 17, 2023 on the NSE Emerge platform. The NIFTY SME EMERGE Index is designed to reflect the performance of a portfolio of eligible small and medium sized companies listed on the NSE EMERGE platform.
The company manufactures products from non-ferrous metals such as copper, aluminum and brass under one roof. Holani Consultants Private Limited is the book running lead manager for the offering.
The company manufactures products from non-ferrous metals such as copper, aluminum and brass under one roof. Holani Consultants Private Limited is the book running lead manager for the offering.
“Shera Energy has delivered good revenue and earnings growth over the past 18 months. The company’s PAT has increased from Rs. 5.03 cr. in FY21 to Rs. 7 Cr. in fiscal year 22. In fiscal year 2023, the company reported a net profit of Rs. 4.28 Cr. On sales of Rs. 339.54 crore,” said Manish Khanna, co-founder of Unlisted Assets.
“Shera Energy has delivered good revenue and earnings growth over the past 18 months. The company’s PAT has increased from Rs. 5.03 cr. in FY21 to Rs. 7 Cr. in FY22. In FY2023 ended 30th September 2022, the Company reported a Net Profit of Rs. 4.28 Cr. On sales of Rs. 339.54 crore,” said Manish Khanna, co-founder of Unlisted Assets.
“Considering the Company’s growth plans, Shera Energy can offer allotment recipients attractive long-term returns,” said Krishna Raghavan, Founder of Unlistedkart.
“Considering the Company’s growth plans, Shera Energy can offer allotment recipients attractive long-term returns,” said Krishna Raghavan, Founder of Unlistedkart.
The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
The views and recommendations made above are those of individual analysts or brokerage firms and not Mint.
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