Sharika Enterprises IPO

Sharika Enterprises IPO

Business description from prospectus – Sharika Enterprises is engaged in Engineering Procurement Construction (EPC) contracts, specialized assembling, trading activities, Erection Services, Representation services to mainly power generation, transmission and distribution sector. It has grown consistently over the years and has widened portfolio which covers installing power transmission EHV cables, designing & installing EMS (Energy Management System) and allied distribution automation Equipments such as Autoreclosers, fault passage indicators (FPI) etc., designing and installing of Solar Power Generation plants.

The company is headquartered in the National Capital Region in India and with having assembling unit in Jammu and Noida. Also, the company is an ISO 9001:2015 certified for providing Consultancy, Project Management, EPC Contracts in field of Power Generation, Transmission and Distribution. Sharika Enterprises operates in the infrastructure sphere in India focusing on the power sector and works with international and Indian power equipment manufacturers and is involved in project management/EPC contractors.

Promoters of Sharika Enterprises – Mr Rajinder Kaul, Mr Ravinder Bhan and Mr Arun Kaul

Sharika Enterprises IPO details

Subscription Dates 15 – 17 November 2017
IPO Price band INR43 per share
Fresh issue 3,225,000 shares (INR13.87 crore)
Offer for sale Nil
Total IPO size 3,225,000 shares (INR13.87 crore)
Minimum bid (lot size) 3,000 shares
Face Value  INR10 per share
Retail Allocation 50%
Listing On BSE SME platform
Sharika Enterprises’ consolidated financial performance (in INR crore)
FY2013 FY2014 FY2015 FY2016 FY2017 2M FY2018
Total revenue 7.0  8.6 13.5 12.3 18.8 2.4
Total expenses 5.4 6.7 13.3 11.0 15.4 1.7
Profit after tax 1.1 0.7 0.2 0.8 2.2 0.5

Sharika Enterprises Limited
B-124, Sector-67
Gautam Budh Nagar
Noida, Uttar Pradesh-201301

Phone: +91 120 259 3900
Email: [email protected]


Subscription (no. of times)

Day 1 1.97
Day 2 3.54
Day 3 59.27


Earnings Per Share (EPS): INR2.65

Price/Earnings (P/E) ratio: 16.20

Return on Net Worth (RONW): 20.22%

Net Asset Value (NAV): INR13.12 per share

Skyline Financial Services Pvt Ltd
A49, Gundecha Onclave, Kherani Road,
Sakinaka, Mumbai – 400 072
Maharashtra, India

Phone: +91 22 2851 1022
Email[email protected]

Sharika Enterprises IPO allotment status is now available on Skyline Financial Services’ website. Click on this link to get allotment status.

IPO Opening Date: 15 November 2017

IPO Closing Date: 17 November 2017

Listing Date: To be updated

Listing Price on BSE SME: INR51.6 per share (up 20% from IPO price)

Closing Price on BSE SME: INR51.6 per share (up 20% from IPO price)



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