Shera Energy Limited IPO
i. Shera Energy 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. The product range includes paper covered wires, enamel and fibre covered wires, round wires, rectangular wires, bunched wires, tubes, rods, strips, etc.
ii. 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 the
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 the country.
iii. 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 it to build an effective business model that gives us control over the processes from raw material procurement,
manufacturing and marketing to sales through its network.
iv. 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. Their finished products undergo a strict quality check to ensure that they are of required quality as per the standards set. Their in-house testing team regulates and monitors the quality, safety
and packaging of the products.
v. In order to expand the business and to get the benefits of backward and forward integration, the 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 to its existing portfolio.
Competitive Strengths
i. Strong, experienced and dedicated senior management team and qualified workforce
ii. Long standing relationships with leading clientele
iii. Focus on Quality and Safety
Objects of the Shera Energy Limited IPO:
Shera Energy Limited IPO Details:
Open Date: | Feb 07 2023 |
Close Date: | Feb 09 2023 |
Total Shares: | 6,176,000 |
Face Value: | ₹ 10 Per Equity Share |
Issue Type: | Book Built Issue |
Issue Size: | 35.2 Cr. |
Lot Size: | 2000 Shares |
Issue Price: | ₹ 55-57 Per Equity Share |
Listing At: | NSE Emerge |
Listing Date: | Feb 17 2023 |
Promoters And Management:
Financials of Shera Energy Limited IPO:
Particulars ( In Crore) | 2022 | 2021 | 2020 |
Revenue from Operation | 524 | 422 | 425 |
Cost of Material Consumed | 493 | 403 | 387 |
Change in Inventories | -27 | -33 | -15 |
Employees Benefit Expenses | 7 | 6 | 8 |
Other Expenses | 17 | 14 | 16 |
EBITDA | 34 | 32 | 29 |
OPM% | 6.49% | 7.58% | 6.82% |
Other Income | 1 | 1 | 1 |
Depreciation | 5 | 5 | 4 |
Finance Cost | 20 | 21 | 20 |
PBT | 10 | 7 | 6 |
Tax | 3 | 2 | 2 |
PAT | 7 | 5 | 4 |
No. of Shares | 1.99 | 1.99 | 1.99 |
EPS | 3.5 | 2.5 | 2.0 |
Comparison With Peers:
Name of the Companies | Revenue (Cr) | Profit(Cr) | EPS | P/E | CMP | MCap (Cr) |
Shera Energy Limited | 524 | 7 | 3.5 | 16.20 | 57 | 113.4 |
Precision Wires India Limited | 2,683 | 63 | 3.63 | 17.1 | 67 | 1,161 |
Rajnandani Metal Limited | 1,028 | 10 | 0.36 | 28.2 | 13.8 | 382 |
RamRatan Wires | 2,289 | 54 | 11.86 | 14 | 159 | 700 |
Bhagyanagar India limited | 1,574 | 11 | 3.46 | 27.6 | 48.6 | 155 |
Recommendation on Shera Energy Limited IPO:
Lead Manager of Shera Energy Limited IPO:
Registrar of Shera Energy Limited IPO:
Company Address:
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