IPO IPO-Synopsis
Shera Energy Ltd

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Registered Office: F-269-B Road No 13,VKIA , Jaipur - 302013 , Rajasthan , India.
Phone : 91-9314434130   Fax:
Email :  ca@sheraenergy.com  
Website :  www.sheraenergy.com
Initial public offering of 61,76,000 equity shares of face value of Rs10/- each ("Equity Shares") of Shera Energy Limited ("The Company" or "Company" or "Issuer") for cash at a price of Rs57/- per equity share (including a share premium of Rs47/- per equity share), aggregating to Rs35.20 crores** ("The Offer") comprising a fresh issue of 10,48,000 equity shares aggregating to Rs5.97 crores ("Fresh Issue") and an offer for sale of 51,28,000 equity shares ("Offered Shares") aggregating to Rs29.23 crores, by emerging india growth fund cvcf-v, other selling shareholder, ("Offer for Sale"). This offer includes a reservation of 4,00,000 equity shares aggregating to Rs2.28 crores (constituting to 1.76 % of the post-offer paidup equity share capital of the company) for subscription by market maker ("Market Maker Reservation Portion") and reservation of 6,00,000 equity shares, aggregating to Rs342 constituting to 2.63% of the post-offer paid-up equity share capital of the company for subscription by eligible employees ("The Employee Reservation Portion"). The offer less market maker reservation portion and the employee reservation portion is hereinafter refered to as the "Net Offer". The offer and the net offer will constitute 27.10% and 22.71% respectively of the fully diluted post offer paid up equity share capital of the company. The company and selling shareholder has undertaken, in consultation with the book running lead manager, a pre-ipo placement of 18,00,000 equity shares for cash consideration aggregating to Rs10.08 crores. The size of fresh issue as disclosed in the draft red herring prospectus, 28,48,000 equity shares has been reduced by 18,00,000 equity shares pursuant to the pre-ipo placement and accordingly the fresh issue is of 10,48,000 equity shares and the minimum offer size shall constitute at least 10% of the post-offer paid-up equity share capital of the company, in compliance with rule 19(2)(b) of the scrr. Price Band: Rs57 per equity share of face value of Rs10 each. The offer price is 5.7 times of the face value of the equity shares. Bids can be made for a minimum of 2000 equity shares and in multiples of 2000 equity shares thereafter.

Issue Money Payable On
Opens On Closes On Application Allotment
07-Feb-23 09-Feb-23 Rs57.00-0.00 Rs0.00-0.00
Minimum Application for shares in Nos :2000  Further Multiples of :2000

  Rs Cr Lead Managers to the Issue
Project Cost 15.15
Holani Consultants Pvt Ltd
Project Financed through Current Offer 35.20  
Post Issue Equity Share Capital 22.79  
Issue Price Rs57.00  
Projects
Funding the working capital requirement of the companyGeneral corporate purposes
Promoted By
Sheikh Naseem
Shivani Sheik
Isha Infrapower Pvt Ltd
Listing At
NSE - SME 
Registrar to the Issue
Bigshare Services Pvt Ltd