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Shelter Pharma IPO is a fixed price issue of ₹16.03 crores. The issue is entirely a fresh issue of 0.38 crore shares of ₹16.03 crore.
Shelter Pharma IPO bidding started from Aug 10, 2023 and ended on Aug 14, 2023. The allotment for Shelter Pharma IPO was finalized on Aug 18, 2023. The shares got listed on BSE SME on Aug 23, 2023.
Shelter Pharma IPO price is ₹42.00 per share . The lot size for an application is 3,000. The minimum amount of investment required by an individual investor (retail) is ₹1,26,000 (3000 shares). The minimum lot size investment for HNI is 2 lots (6,000 shares), amounting to ₹2,52,000.
Gretex Corporate Services Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The market maker of the company is Gretex Share Broking Pvt.Ltd..
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 |
| Issue Price Band | |
| Issue Price Final | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 38,16,000 shares (aggregating up to ₹16.03 Cr) |
| Reserved for Market Maker | 1,92,000 shares Gretex Share Broking Pvt.Ltd. (aggregating up to ₹0.8064 Cr) |
| Net Offered to Public | 36,24,000 shares (aggregating up to ₹15.22 Cr) |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Share Holding Pre Issue | 77,43,792 shares |
| Share Holding Post Issue | 1,15,59,792 shares |
Shelter Pharma IPO offers total 38,16,000 shares. Out of which 18,12,000 (47.48%) allocated to NII, 18,12,000 (47.48%) allocated to RII.
| Investor Category | Shares Offered |
|---|---|
| Market Maker Shares Offered | 1,92,000 (5.03%) |
| NII (HNI) Shares Offered | 18,12,000 (47.48%) |
| Retail Shares Offered | 18,12,000 (47.48%) |
| Total Shares Offered | 38,16,000 (100.00%) |
Shelter Pharma IPO opens on August 10, 2023, and closes on August 14, 2023.
| IPO Open Date | Thu, Aug 10, 2023 |
| IPO Close Date | Mon, Aug 14, 2023 |
| Tentative Allotment | Fri, Aug 18, 2023 |
| Initiation of Refunds | Mon, Aug 21, 2023 |
| Credit of Shares to Demat | Tue, Aug 22, 2023 |
| Tentative Listing Date | Wed, Aug 23, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Aug 14, 2023 |
Investors can bid for a minimum of 3,000 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3,000 | ₹1,26,000 |
| Retail (Max) | 1 | 3,000 | ₹1,26,000 |
| HNI (Min) | 2 | 6,000 | ₹2,52,000 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
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 |
| Total Income | 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 ₹48.55 Cr.
| KPI | Values |
|---|---|
| RoNW | 39.86% |
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...
| Listing Date | August 23, 2023 |
| BSE Script Code | 543963 |
| NSE Symbol | |
| ISIN | INE013V01011 |
| Final Issue Price | ₹42 per share |
| BSE Listing Group | MT |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹39.97 |
| Low | ₹37.98 |
| High | ₹41.96 |
| Last Trade | ₹41.96 |
Shelter Pharma Ltd.
Shelter Nagar,
Near S. T. Bus Stand,
Himatnagar, Gujarat, 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
Shelter Pharma IPO is a SME IPO of 38,16,000 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.
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, and the minimum amount required for application is ₹1,26,000.
You can apply in Shelter Pharma IPO online using either UPI or ASBA as a 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 applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, 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 Wednesday, August 23, 2023.
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