Shera Energy Ltd. has announced public offering of 6175999 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 47.00 per share. The gross proceeds of the issue are expected to be Rs 3,520.32 lakhs.

The company's initial public offer (IPO) will open on 07 February 2023 and is expected to close on 09 February 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 55.00-57.00 per share.

The IPO includes a fresh Issue of 6175999 Equity Shares of the Company at an price of Rs 57.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 2000 shares with bids in multiples of 2000.

Shera Energy Ltd. anticipates using the proceeds of the issue for .

HOLANI CONSULTANTS PVT. LTD. as lead manager & Bigshare Services Private Limited. is the registrar, to the issue.