Shera Energy Limited

Founded in 2008 in Uttar Pradesh, India, BEL is one of India’s largest private-sector power and thermal generation companies. There are 450-megawatt coal-based thermal power plants owned by BEL across 5 locations in India. Further, BEL is working to increase its demand in the market. To fulfill this purpose, BEL plans to launch its IPO.

Objectives of the IPO

• Repayment of the company’s debt
• Common corporate purposes
• They are planning to buy 6,99,36,900 equity shares of Lalitpur Power Generation Corporation from Bajaj Hindustan Sugar and Bajaj Power Ventures Private Limited.

IPO Financials (Amt. in Millions)

IPO Details