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Shelter Pharma Limited IPO (Shelter Pharma IPO) Detail

August 10, 2023 - August 14, 2023

Shelter Pharma IPO is a fixed price issue of Rs 16.03 crores. The issue is entirely a fresh issue of 38.16 lakh shares.

Shelter Pharma IPO bidding started from August 10, 2023 and ended on August 14, 2023. The allotment for Shelter Pharma IPO was finalized on Friday, August 18, 2023. The shares got listed on BSE SME on August 23, 2023.

Shelter Pharma IPO price is ₹42 per share. The minimum lot size for an application is 3000 Shares. The minimum amount of investment required by retail investors is ₹126,000. The minimum lot size investment for HNI is 2 lots (6,000 shares) amounting to ₹252,000.

Gretex Corporate Services Limited is the book running lead manager of the Shelter Pharma IPO, while Bigshare Services Pvt Ltd is the registrar for the issue. The market maker for Shelter Pharma IPO is Gretex Share Broking.

Refer to Shelter Pharma IPO RHP for detailed information.

Shelter Pharma IPO Details

IPO Date August 10, 2023 to August 14, 2023
Listing Date August 23, 2023
Face Value ₹10 per share
Price ₹42 per share
Lot Size 3000 Shares
Total Issue Size3,816,000 shares
(aggregating up to ₹16.03 Cr)
Fresh Issue3,816,000 shares
(aggregating up to ₹16.03 Cr)
Issue Type Fixed Price Issue IPO
Listing At BSE SME
Share holding post issue11,559,792
Market Maker portion194,000 shares
Gretex Share Broking

Shelter Pharma IPO Reservation

Shelter Pharma IPO offers 3,624,000 shares. 1,810,000 (49.94%) to NII, 1,812,000 (50.00%) to RII.

Investor Category Shares Offered
Anchor Investor Shares Offered-
Market Maker Shares Offered194,000 (5.35%)
Other Shares Offered1,810,000 (49.94%)
Retail Shares Offered1,812,000 (50.00%)
Total Shares Offered3,624,000 (100%)

Shelter Pharma IPO Timeline (Tentative Schedule)

Shelter Pharma IPO opens on August 10, 2023, and closes on August 14, 2023.

IPO Open Date Thursday, August 10, 2023
IPO Close Date Monday, August 14, 2023
Basis of Allotment Friday, August 18, 2023
Initiation of Refunds Monday, August 21, 2023
Credit of Shares to Demat Tuesday, August 22, 2023
Listing Date Wednesday, August 23, 2023
Cut-off time for UPI mandate confirmation 5 PM on August 14, 2023

Shelter Pharma IPO Lot Size

Investors can bid for a minimum of 3000 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 3000 ₹126,000
Retail (Max) 1 3000 ₹126,000
HNI (Min) 2 6,000 ₹252,000
Lot Size Calculator

Shelter Pharma IPO Promoter Holding

Mr. Mustaqim Nisarahmed Sabugar and Mr. Shakil Nisarahmed Sabugar are the company's promoters.

Share Holding Pre Issue 84.92%
Share Holding Post Issue 56.89%

About Shelter Pharma Limited

Incorporated in 2007, Shelter Pharma Limited, previously known as Shelter Pharmacy, is engaged in the business of manufacturing herbal products in Human Pharma as well as the Veterinary space.

The company manufactures herbal medicines that cover veterinary, poultry, and human health care. Headquartered in Himmatnagar, Gujarat, the aim of the company is to offer cost-effective and superior solutions to the health problems of humans and animals.

There is a comprehensive range of health supplements offered by the company for the betterment of humans and poultry. Ayurveda meets modernity - This is the driving force behind the company.

Shelter Pharma's product list includes Human Healthcare products such as Lemonade Barley Water, Sherolax, Baldeepak, and Stonyl Tablets and Veterinary Healthcare products such as Agrical Powder, Lactocal gel, Shelodex Ultra Ointment.

Shelter clientele comes from rural/semi-urban markets.

Company Financials

Shelter Pharma IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Profit After Tax-23.88183.70578.33
Net Worth711.17880.421,451.06
Reserves and Surplus667.40844.45676.68
Total Borrowing0.4613.12178.41
Amount in ₹ Lakhs

Key Performance Indicator

The market capitalization of Shelter Pharma IPO is Rs 48.55 Cr.

Pre IPO Post IPO
EPS (Rs) 7.47
P/E (x) 5.62

Objects of the Issue (Shelter Pharma IPO Objectives)

The company intends to utilize the net fresh issue proceeds for the following objects:

a) Working capital requirements and

b) General corporate purposes.

Shelter Pharma IPO Review (Avoid)

[Dilip Davda]  The company is in the manufacturing and marketing of herbal products. However, the super profits shown by it for FY23 raise eyebrows and appear to be a window dressing. The asking price based on its super earnings appears to be lucrative at 8.4 P/E, but the sustainability of such performance going forward is a major concern. Though this issue is prima facie lucratively priced, there is no harm in skipping it. Read detail review...

Shelter Pharma IPO Subscription Status (Bidding Detail)

The Shelter Pharma IPO is subscribed 15.25 times on August 14, 2023 7:02:00 PM. The public issue subscribed 22.28 times in the retail category, times in the QIB category, and 6.59 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Total Application : 11,445 (18.95 times)

Shelter Pharma IPO Prospectus

Shelter Pharma IPO Rating

Rating:Rated 2.9 stars
Vote Here ...

Shelter Pharma IPO Listing Details

Listing Date August 23, 2023
BSE Script Code 543963
NSE Symbol
ISIN INE013V01011
Final Issue Price ₹42 per share

Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Shelter Pharma Limited Contact Details

Shelter Pharma Limited
Shelter Nagar,
Near S. T. Bus Stand,
Himmatnagar -383001
Phone: 02772296038

Shelter Pharma IPO Registrar

Bigshare Services Pvt Ltd

Phone: +91-22-6263 8200

Shelter Pharma IPO - Buy or Not

Shelter Pharma IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 0 0 1
Members 0 2 0

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Shelter Pharma IPO FAQs

Shelter Pharma IPO is a SME IPO of 3,816,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000 Shares.

The IPO opens on August 10, 2023, and closes on August 14, 2023.

Bigshare Services Pvt Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE SME.

Zerodha customers can apply online in Shelter Pharma IPO using UPI as a payment gateway. Zerodha customers can apply in Shelter Pharma IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Shelter Pharma IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Shelter Pharma IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Shelter Pharma IPO opens on August 10, 2023 and closes on August 14, 2023.

Shelter Pharma IPO lot size is 3000 Shares, and the minimum amount required is ₹126,000.

You can apply in Shelter Pharma IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Shelter Pharma IPO will be done on Friday, August 18, 2023, and the allotted shares will be credited to your demat account by Tuesday, August 22, 2023. Check the Shelter Pharma IPO allotment status.

The Shelter Pharma IPO listing date is on August 23, 2023.
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Shelter Pharma IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



79. Udayk |   Link |  Bookmark |September 11, 2023 11:27:23 AM (200+ Posts)
Chalo ye stock to lpo price PE ane vale lagta hai
78. Udayk |   Link |  Bookmark |September 6, 2023 11:02:27 AM (200+ Posts)
Kya kare ab hold or sell?
78.1. Anuj agarwal |   Link |  Bookmark |September 8, 2023 9:24:47 AM (300+ Posts)
@Udayk 195 sl meeine to laga rakha hai... expctn 250 for yudiz
77. DuckkyDuck |   Link |  Bookmark |September 6, 2023 9:59:57 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Exited at 56 today.
76. Ipomania |   Link |  Bookmark |August 31, 2023 5:59:03 AM
Shelter Pharma me reversal suru ho gya hai
75. Raju Hiralal Chavda |   Link |  Bookmark |August 30, 2023 12:47:43 PM
@PKRAJ Shelter is Giving Shelter or Not .. ?? 🤣
74. Noorul |   Link |  Bookmark |August 29, 2023 3:18:21 PM
Bought 5 lots around 40.
All weak hands exit from this script. May touch 47 level in upcoming days.
73. CG FAN |   Link |  Bookmark |August 27, 2023 7:25:24 PM
Shelter is not moving as expected... Still Rii playing... Once it comes out of the hands of retailers, it will fly
73.1. Imhilli |   Link |  Bookmark |August 27, 2023 8:04:34 PM
IPO Guru IPO Guru (1200+ Posts, 700+ Likes)
Natural medicine has its own value and will never die... worth to invest for long term... example : Jeena Shikho
72. Udayk |   Link |  Bookmark |August 25, 2023 10:55:37 AM (200+ Posts)
Again LC
72.1. Logij Kumar |   Link |  Bookmark |August 25, 2023 11:15:51 AM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Very few selling, it may return back.
71. MRavichandran |   Link |  Bookmark |August 23, 2023 6:39:21 PM
IPO Guru IPO Guru (2000+ Posts, 2700+ Likes)
Bought Shelter Pharma 10 lots in Pre-open, 10 lots at LC. Good change of fortune from strong LC to UC. Congrats for those holding.

71.1. Irs |   Link |  Bookmark |August 23, 2023 7:09:04 PM
Ayurvedic sector already gave u good return.😊
71.2. Takamichi |   Link |  Bookmark |August 23, 2023 11:22:43 PM
IPO Mentor IPO Mentor (800+ Posts, 700+ Likes)
Bought one at LC and one going up at 39......
70. sahab |   Link |  Bookmark |August 23, 2023 9:11:02 AM
IPO Guru IPO Guru (1000+ Posts, 500+ Likes)
i will buy if it list near 49/- good valuation, will hold till 70/- View 4 months
70.2. Manup |   Link |  Bookmark |August 23, 2023 9:47:23 AM
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
Congratulations 👍 if bought
70.3. Logij Kumar |   Link |  Bookmark |August 23, 2023 5:25:07 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
OMG.. UC. I did not buy in preopen but bought 1 at LC at 10 am for long term. Was busy whole day and
I came to look at the volume now but saw it at UC. Volume is approx 29%.
Still, There may be selling pressure at IPO issue price.
Alternative medicine is future of India, also it's government supported.
AYUSH is being attached to many allopathic medical colleges including AIIMS. Animal welfare is also in focus. Although this company is run by minority community, they cater to gausala too. (Don't think I am supporting this company as I have bought it's shares).Many members have raised CG issue and unqualified promoters. However, I think unlike Western medicine, Indian alternative medicine works differently.

It may give stellar return or go down the drain, only time will tell. I am ready to take the risk. So not a buying call to anyone. Take your decision as per you financial strength and risk taking capacity. (JUST MY OPINION).
69. IPO LEADER |   Link |  Bookmark |August 23, 2023 8:41:11 AM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
Would buy if it list near 45/- good valuation, will hold till 60/- View 2 months
69.4. IPO LEADER |   Link |  Bookmark |August 23, 2023 3:04:19 PM
IPO Mentor IPO Mentor (800+ Posts, 400+ Likes)
@small investor lag gya UC bhaiya.. enjoy kro
69.5. Small Investor |   Link |  Bookmark |August 23, 2023 3:56:33 PM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
mja aagyo
Buy 2 lot Avg.cost is 38.25
68. PBAR |   Link |  Bookmark |August 23, 2023 3:28:16 PM
Out of the topic, why ATMAJ Healthcare is increasing today?
67. Udayk |   Link |  Bookmark |August 23, 2023 2:25:48 PM (200+ Posts)
Lc open
67.1. Udayk |   Link |  Bookmark |August 23, 2023 2:55:15 PM (200+ Posts)
LC convert into UC
66. Old.Fox |   Link |  Bookmark |August 23, 2023 11:26:44 AM
IPO Mentor IPO Mentor (700+ Posts, 300+ Likes)
Wasn't expecting this kind of listing.

Will hold and wait and watch now.
65. svh |   Link |  Bookmark |August 23, 2023 9:55:06 AM
IPO Guru IPO Guru (2400+ Posts, 3600+ Likes)
5% Discount Listing
5% LC

It was an avoid call since beginning.
64. kapildevsharma |   Link |  Bookmark |August 22, 2023 10:02:25 PM
64.1. gNaman |   Link |  Bookmark |August 22, 2023 11:28:35 PM
There is no buyer even at par even there is seller at -1
63. lucky boy |   Link |  Bookmark |August 22, 2023 10:17:54 PM
IPO Mentor IPO Mentor (1200+ Posts, 400+ Likes)
i not applyed in This IPO but i think it will list around 52RS + 5% upper circuit ,its around 25 % listing gain.....
listing will be surprised like Zeal Global Services where no GMP.......

all the best who alloted........

surprising listing........................
63.1. Small Investor |   Link |  Bookmark |August 23, 2023 11:59:19 AM
IPO Guru IPO Guru (2100+ Posts, 1100+ Likes)
you should be buy now
62. Kabirchohan |   Link |  Bookmark |August 22, 2023 10:00:10 PM



61. curtiss |   Link |  Bookmark |August 22, 2023 9:19:28 PM
Very cheap valuations n decent products . Listing will managed well by Lead manager. Listing around 46-47.
60. Noorul |   Link |  Bookmark |August 22, 2023 9:01:13 PM
Alloted one lot here. Valuation wise very cheap. I took calculated risk .
60.1. Sanchit Jain |   Link |  Bookmark |August 23, 2023 11:34:33 AM
IPO Mentor IPO Mentor (600+ Posts, 200+ Likes)
Hi Nooru, are you buying more??
60.2. Noorul |   Link |  Bookmark |August 23, 2023 12:05:00 PM
Nope..I exited. No buying interest in this counter.
Gretex has done diploma in fooling investors. In time interval Gretex comes with one good issue for damage control of its image.