Shera Energy IPO subscription status started on Tuesday February 7, 2023 and will close on February 9, 2023. Shera Energy IPO to raise around ₹35.20 crores via IPO. The retail quota is 35.74%, QIB is 48.42%, and NII is 15.84%. The price band is fixed at ₹55 to ₹57 per equity share.
The Shera Energy IPO minimum market lot is 2000 shares with ₹114,000 application amount. The IPO to list on NSE.
Shera Energy Limited is a manufacturer of winding wires and strips made of non-ferrous metals primarily Copper and Aluminium. They are also a manufacturer of copper and brass wire rods, wires, and tubes with customization options for its buyers. They recently ventured into manufacturing special-grade brass rods suitable to make bullet shells on account of demand in the ammunition industry of India.
IPOWatch View
We recommend investors may apply an IPO with Longterm Views. Investors should also look at the QIB, NII, and Retail numbers before investing. You can check the Shera Energy IPO allotment status here.
Shera Energy IPO Subscription Status – Final Data
| Category | Day 1 | Day 2 | Day 3 |
| QIB | 0.00 | 0.01 | 8.73 |
| NII | 1.68 | 13.25 | 190.12 |
| RII | 3.34 | 13.95 | 51.30 |
| EMP | 0.53 | 1.17 | 1.46 |
| Total | 1.36 | 6.48 | 47.36 |
Shera Energy IPO Investor Categories
- Qualified Institutional Buyers (QIB): Financial Institutions, Banks, FIIs, and Mutual Funds
- Non-Institutional Investors(NII): Individual Investors, NRIs, Companies, Trusts, etc
- Retail Individual Investors (RII): Retail Individual Investors or NRIs
- Employee (EMP): Eligible Employees
- Others: Eligible Shareholders
Shera Energy IPO Review
- May Apply
Shera Energy IPO Date & Price Band
| IPO Open: | February 7, 2023 |
| IPO Close: | February 9, 2023 |
| IPO Size: | Approx ₹35.20 Crores, 6,176,000 Equity Shares |
| Face Value: | ₹10 Per Equity Share |
| IPO Price Band: | ₹55 to ₹57 Per Equity Share |
| IPO Listing on: | NSE SME |
| Retail Quota: | 35.74% of the net offer |
| QIB Quota: | 48.42% of the net offer |
| NII Quota: | 15.84% of the net offer |
| DRHP Draft Prospectus: | Click Here |
| RHP Draft Prospectus: | Click Here |
Shera Energy IPO Market Lot
| Application | Lot Size | Shares | Amount |
| Retail Minimum | 1 | 2000 | ₹114,000 |
| Retail Maximum | 1 | 2000 | ₹114,000 |
| S-HNI Minimum | 2 | 4000 | ₹228,000 |
Shera Energy IPO Subscription Dates
| IPO Open Date: | February 7, 2023 |
| IPO Close Date: | February 9, 2023 |
| Basis of Allotment: | February 14, 2023 |
| Refunds: | February 15, 2023 |
| Credit to Demat Account: | February 16, 2023 |
| IPO Listing Date: | February 17, 2023 |
Shera Energy IPO Form
How to apply for the Shera Energy IPO? You can apply for Shera Energy IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the Shera Energy IPO in the Invest section. The other option is you can apply for Shera Energy IPO via IPO forms downloaded via NSE. Check out the Shera Energy forms – Click NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.
