Friday, Apr 19 2024 | Time 14:47 Hrs(IST)
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Business Economy


Shera Energy IPO to open on Feb 7

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Mumbai Feb, 2(UNI) Shera Energy Limited, engaged in the business of manufacturing winding wires and strips made of non-ferrous metals like copper, aluminium and brass, proposes to open its Initial Public Offer (IPO) on February 7th, and closes on feb9 2023.. The Company proposes to garner Rs 35.20 crore through IPO and shares will be listed on NSE Emerge platform.
The issue size is up to 61,76,000 equity shares out of which Fresh Issue will be up to 10,48,000 equity shares & OFS will be up to 51,28,000 equity shares.
The net proceeds from the IPO will be utilized to meet working capital requirements and for general corporate purposes. The issue closes on February 9th, 2023,a release issued here stated today.
UNI JM RKM
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