sharika enterprises ipo

sharika enterprises ipoSharika Enterprises IPO

Sharika Enterprises finally receives the approval of SEBI to come up with its public offering. The company is engaged in the business of Engineering Procurement Construction contracts,trading activities, erection services and representation services to majorly power generation, transmission and distribution sector. Furthermore, the business also includes installing of power transmission, EHV cables, designing and installing EMS and allied distribution automation equipment such as autoreclosers, fault passage indicators,etc. Sharika Enterprises IPO is opening on Nov 15, 2017. The closing date of IPO is 17 Nov, 2017.

Company Business

Sharika Enterprises company provides following services –

  • Engineering Procurement Constructions
  • Representative services
  • Other consultancy services

The company main base is in Noida and have assembling unit in the state of Jammu and Kashmir.

Company Promoters

The promoter of the company are Mr. Rajinder Kaul, Mr. Ravinder Bhan and Mr. Arun Kaul.

Objective of the Issue

The objective of the issue are as follows –

  1. To fund the working capital requirements of the company.
  2. For meeting the general corporate expenses.
  3. For funding the issue expenses.

Sharika Enterprises – Company Financials

This is the summary of Sharika Enterprises Company’s financial information of the last 2 years in consolidated form:

Summary of financial Information (Consolidated)
Particulars For the year/period ended (in Rs. Crores)
31-Mar-17 31-Mar-16
Total Revenue 18.8 12.3
Total Expenses 15.4 11.0
Profit After Tax (PAT) 2.2 0.8

Valuation of Sharika Enterprises

  • Earnings Per Share (EPS): Rs 2.65
  • Price/Earnings (P/E) ratio: 16.20
  • Return on Net Worth (RONW): 20.22%
  • Net Asset Value (NAV): Rs 13.12 per share

Sharika Enterprises Company Issue Details

  • Vertoz Advertising IPO Open Date – 15 November 2017
  • IPO Close Date – 17 November 2017
  • Issue Size – 3,225,000 Equity Shares of Rs 10 aggregating up to Rs 13.87 Cr
    ›  Fresh Issue of 3,225,000 Equity Shares of Rs 10 aggregating up to Rs 13.87 Cr
  • Face Value – Rs 10 per share
  • Issue Price – Rs 43 per equity share
  • Lot size – 
  • Minimum order quantity – 
  • Listing Stock exchanges – NSE and SME

Sharika Enterprises IPO Prospectus

Sharika Enterprises Lead Manager(s)