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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.
| 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 Size | 3,816,000 shares (aggregating up to ₹16.03 Cr) |
| Fresh Issue | 3,816,000 shares (aggregating up to ₹16.03 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | BSE SME |
| Share holding pre issue | 7,743,792 |
| Share holding post issue | 11,559,792 |
| Market Maker portion | 194,000 shares Gretex Share Broking |
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 Offered | 194,000 (5.35%) |
| Other Shares Offered | 1,810,000 (49.94%) |
| Retail Shares Offered | 1,812,000 (50.00%) |
| Total Shares Offered | 3,624,000 (100%) |
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 |
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 | |||
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% |
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.
| 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 |
The market capitalization of Shelter Pharma IPO is Rs 48.55 Cr.
| KPI | Values |
|---|---|
| RoNW | 39.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.47 | |
| P/E (x) | 5.62 |
The company intends to utilize the net fresh issue proceeds for the following objects:
a) Working capital requirements and
b) General corporate purposes.
[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...
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)
| Category | Subscription (times) |
|---|---|
| Other | 6.59 |
| Retail | 22.28 |
| Total | 15.25 |
Total Application : 11,445 (18.95 times)
| Listing Date | August 23, 2023 |
| BSE Script Code | 543963 |
| NSE Symbol | |
| ISIN | INE013V01011 |
| Final Issue Price | ₹42 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE SME |
|---|
| ₹42.00 |
| ₹39.97 |
| ₹37.98 |
| ₹41.96 |
| ₹41.96 |
Shelter Pharma Limited
Shelter Nagar,
Near S. T. Bus Stand,
Himmatnagar -383001
Phone: 02772296038
Email: info@shelter.co.in
Website: https://shelter.co.in/
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html
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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
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.
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