Shelter Pharma IPO vs Zeal Global Services IPO

Comparision between Shelter Pharma IPO and Zeal Global Services IPO.

IPO Details

Shelter Pharma IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Shelter Pharma IPO	Zeal Global Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Gretex Share Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Shelter Pharma IPO is up to ₹16.03 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Shelter Pharma IPO is ₹42.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Shelter Pharma IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	38,16,000 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹16.03 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,16,000 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹16.03 Cr	up to ₹36.46 Cr

IPO Timetable

Shelter Pharma IPO opens on Aug 10, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Shelter Pharma IPO and Zeal Global Services IPO is Aug 14, 2023, and Aug 01, 2023, respectively.

	Shelter Pharma IPO	Zeal Global Services IPO
Anchor Bid Date
Issue Open	Aug 10, 2023	Jul 28, 2023
Issue Close	Aug 14, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 18, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 21, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 22, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 23, 2023	Aug 09, 2023
Anchor Lockin End date 1	Sep 17, 2023	Sep 03, 2023
Anchor Lockin End date 2	Nov 16, 2023	Nov 02, 2023

Financials

Shelter Pharma IPO P/E ratio is 5.62, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Shelter Pharma IPO

Zeal Global Services IPO

Financial

Shelter Pharma IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,020.24	1,283.93	2,144.90
Revenue	2,248.86	3,005.84	3,615.51
Profit After Tax	-23.88	183.70	578.33
Net Worth	711.17	880.42	1,451.06
Reserves and Surplus	667.40	844.45	676.68
Total Borrowing	0.46	13.12	178.41

Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.92%

100.00%

Promoter Shareholding (Post-Issue)

56.89%

73.40%

P/E Ratio

5.62

13.83

Market Cap

₹48.55 Cr.

₹137.09 Cr.

ROE

39.07%%

ROCE

0.56%

Debt/Equity

0.59

EPS

₹7.47

₹8.46

RoNW

39.86%%

48.73%%

Shares Offered

In the Shelter Pharma IPO retail investors (RII) are offered 18,12,000 shares while in Zeal Global Services IPO retail investors are offered 18,12,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shelter Pharma IPO and 0 shares in Zeal Global Services IPO.

	Shelter Pharma IPO	Zeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,94,000 shares	1,77,600 shares
QIB	0 shares	0 shares
NII	18,10,000 shares	16,80,000 shares
RII	18,12,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	34,30,000 shares	33,62,400 shares

Bids Received (Subscription)

Shelter Pharma IPO subscribed 15.25x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Shelter Pharma IPO	Zeal Global Services IPO
QIB (times)
NII (times)	6.59x	4.26x
Big NII (times)
Small NII (times)
RII (times)	22.28x	3.85x
Employee (times)
Other (times)
Total (times)	15.25x	4.06x

Compare with others

Shelter Pharma IPO	Zeal Global Services IPO
Sungarner Energies IPO	Bondada Engineering IPO
Sahaj Fashions IPO	Crop Life Science IPO
Shoora Designs IPO	Shelter Pharma IPO
Bondada Engineering IPO	Sangani Hospitals IPO
Crop Life Science IPO	Yudiz Solutions IPO
Sangani Hospitals IPO	Oriana Power IPO
Yudiz Solutions IPO	Innovatus Entertainment Networks IPO
Zeal Global Services IPO	Shri Techtex IPO
Oriana Power IPO	Vinsys IT Services IPO
Innovatus Entertainment Networks IPO	Yasons Chemex Care IPO

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