Fixed Price IPO | ₹16 Cr | Listed at BSE SME | Thu, Aug 10, 2023 - Mon, Aug 14, 2023
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 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) (based on upper price). The minimum lot size for investment in 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 Open
Thu, Aug 10, 2023
IPO Close
Mon, Aug 14, 2023
Issue Price
₹42 per share
Market Cap (Pre-IPO)
₹48.55 Cr
| IPO Date | 10 to 14 Aug, 2023 |
| Listed on | Wed, Aug 23, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹42 per share |
| Lot Size | 3,000 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | BSE SME |
| Total Issue Size | 38,16,000 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 1,92,000 shares Gretex Share Broking Pvt.Ltd. (agg. up to ₹0.8064 Cr) |
| Fresh Issue (Ex Market Maker) | 36,24,000 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 36,24,000 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 77,43,792 shares |
| Share Holding Post Issue | 1,15,59,792 shares |
| BSE Script Code | 543963 |
| ISIN | INE013V01011 |
Shelter Pharma IPO comprises a total issue size of 38,16,000 shares. The net offer to the public is 36,24,000 shares, after excluding 1,92,000 shares allotted on a firm basis. Of the Net offer 18,12,000 (50.00%) allocated to NII 18,12,000 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 18,12,000 | 50.00% | 47.48% |
| Retail Shares Offered | 18,12,000 | 50.00% | 47.48% |
| Firm Reservations | |||
| Market Maker Shares Offered | 1,92,000 | 5.03% | |
| Total Shares Offered | 38,16,000 | 100.00% | 100.00% |
Investors can bid for a minimum of 3,000 shares and in multiples thereof.
| 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 |
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 2023 | 31 Mar 2022 | 31 Mar 2021 |
|---|---|---|---|
| Assets | 21.45 | 12.84 | 10.20 |
| Total Income | 36.16 | 30.06 | 22.49 |
| Profit After Tax | 5.78 | 1.84 | -0.24 |
| NET Worth | 14.51 | 8.80 | 7.11 |
| Reserves and Surplus | 6.77 | 8.44 | 6.67 |
| Total Borrowing | 1.78 | 0.13 | 0.00 |
| Amount in ₹ Crore | |||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital Requirements | 14.00 |
| 2 | General Corporate Purposes | 0.88 |
| KPI | |
|---|---|
| RoNW | 39.86% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 7.47 | |
| P/E (x) | 5.62 | |
| Promoter Holding | 84.92% | 56.89% |
| Market Cap | ₹48.55 Cr. |
The Shelter Pharma IPO is subscribed 15.25 times on August 14, 2023 7:02:00 PM (Day 3). 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) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 6.59 | 18,10,000 | 1,19,23,000 |
| Retail | 22.28 | 18,12,000 | 4,03,74,000 |
| Total | 15.25 | 34,30,000 | 5,23,09,000 |
Total Application : 11,445
*Market Maker portion is not included to NII/HNI.
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to the Lead Manager | 0.15 |
| 2 | Marketing and Selling Commission | 0.80 |
| 3 | Market Making Fees | 0.08 |
| 4 | Fees payable to Registrar to Issue | 0.01 |
| 5 | Fees to Legal Advisor | 0.02 |
| 6 | Advertisement Expenses | 0.04 |
| 7 | Fees payable to Regulators including Stock Exchange | 0.03 |
| 8 | Printing & Distribution Expenses | 0.01 |
| 9 | Payment to Sponsor Bank | 0.01 |
| 10 | Statutory & Other Reports | 0.02 |
| Price Details | BSE SME |
|---|---|
| Final Issue Price | ₹42.00 |
| Open | ₹39.97 |
| Low | ₹37.98 |
| High | ₹41.96 |
| Last Trade | ₹41.96 |
Lead Manager Reports
Shelter Pharma IPO is a SME IPO of 38,16,000 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹42 per share. The minimum order quantity is 3000.
The IPO opens on Thu, Aug 10, 2023, and closes on Mon, Aug 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 Thu, Aug 10, 2023 and closes on Mon, Aug 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 Tue, Aug 22, 2023. Check the Shelter Pharma IPO allotment status.
The Shelter Pharma IPO listing date is on Wed, Aug 23, 2023.
