Shelter Pharma IPO GMP, Price, Dates & Allotment Details 2023
Introduction
The Shelter Pharma IPO will open on August 10 and close on August 14, 2023. As per the DRHP filed with SEBI, the company intends to raise approximately ₹ 16.03 crore through this public offering, consisting of 38.16 lakh shares with a face value of ₹ 10 each, which will be issued at a price of ₹ 42 per share.
Shelter Pharma Limited (“the Company”)
Shelter Pharma Limited was incorporated in 2007. The Company primarily focuses on manufacturing herbal products with a well-built presence in the human pharmaceutical as well as Veterinary space.
The shelter started with a few products about a decade ago. However, over a period of time, it has added products to its portfolio through its in-house R & D efforts, backed by a sound knowledge of Ayurveda. The shelter is present in most non-critical segments of Human as well as Veterinary pharmaceuticals through its well-spread portfolio. It enjoys good product acceptance and market share in the state of Gujarat.
In the Human pharma segment, Shelter has a product portfolio of OTC products as well as ethical pharma products. Similarly, Shelter has an OTC and Ethical presence in the veterinary segment. The shelter has a respectable track record for the efficacy of its products. All the products are priced very competitively considering Shelter’s target market.
Objects of the Issue,
The company proposes utilising the Fresh Issue’s net proceeds towards funding the following objects:
- Working capital requirements and
- General corporate purposes.
Financial Highlights (Restated)
| Particulars | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|
| Net Worth | 1,451 | 880 | 711 |
| Total Assets | 2,145 | 1,284 | 1,020 |
| Reserve & Surplus | 677 | 844 | 667 |
| Total Borrowings | 178 | 13 | 0 |
| Total Revenue | 3,616 | 3,006 | 2,249 |
| Profit After Tax | 578 | 184 | (24) |
IPO details
As per the DRHP filed with SEBI, 38.16 lakh shares will be offered as a fresh issue in the BSE SME segment. The face value of the shares is ₹ 10. The market maker would receive 1.94 lakh shares of the offering. While Gretex Corporate Services Limited will be the lead manager for the IPO, Bigshare Services Pvt Ltd will be the registrar. It will be a Fixed Price Issue IPO, so the price at which the securities are offered or allotted is known in advance to the investor.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 42 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 3,000 shares |
| Issue Size | 3,816,000 shares (aggregating up to ₹ 16.03 crores) |
| Fresh Issue | 3,816,000 shares (aggregating up to ₹ 16.03 crores) |
| Listing At | BSE SME |
Market Maker detail
| Market maker | Gretex Share Broking |
| Market maker portion | 194,000 shares |
IPO Reservation
| Categories | No. of shares offered |
| Other shares offered | 50% of the offer |
| Retail shares offered | 50% of the offer |
GMP: Shelter Pharma IPO
GMP, or grey market premium, is available on this page. The IPO GMP is updated on a day-to-day basis during the running period of the IPO, due to which the GMP rates fluctuate and stabilise after some time. GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates: Shelter Pharma IPO
The issue opens for subscription on August 10, 2023, and closes for subscription on August 14, 2023 (both days inclusive). The basis of allotment will be finalised on August 18, 2023, and the refunds will be initiated on August 21, 2023. In addition, the demat credits are expected to happen on August 22, 2023, and the stock will be listed on the BSE SME on August 23, 2023. The UPI mandate confirmation cut-off time is 5:00 PM on the issue closing day.
| Opening Date | August 10, 2023, |
| Closing Date | August 14, 2023 |
| Basis of Allotment | August 18, 2023 |
| Initiation of Refunds | August 21, 2023 |
| A credit of shares to Demat A/c | August 22, 2023 |
| Listing Date | August 23, 2023 |
Lot Size
The lot size of the Shelter Pharma IPO is 3,000 shares. A retail-individual investor can apply for up to 1 lot, i.e. 3,000 shares of ₹ 126,000.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 3,000 | ₹ 126,000 |
| Retail (Maximum) | 1 | 3,000 | ₹ 126,000 |
| HNI (Minimum) | 2 | 6,000 | ₹ 252,000 |
Promoters Holdings
Mr. Mustaqim Nisarahmed Sabugar and Mr. Shakil Nisarahmed Sabugar are the promoters of the company.
| Pre-issue Shares Holdings | 100% |
| Post-issue Shares Holdings | – |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Shelter Pharma Limited Shelter Nagar, Near S. T. Bus Stand, Himmatnagar -383001 Phone: 02772296038 Email: info@shelter.co.in Website: https://shelter.co.in/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: ipo@bigshareonline.com Website: https://ipo.bigshareonline.com/ |
| IPO Lead Manager(s) | Gretex Corporate Services Limited |
FAQs
The Shelter Pharma IPO price is ₹ 42 per share.
The minimum investment size is one lot for retail investors. One lot of the Shelter Pharma IPO contains 3,000 shares of ₹ 126,000.
The finalisation of the basis of allotment for the Shelter Pharma IPO will be done on August 18, 2023, and the allotted shares will be credited to your demat account by August 22, 2023. Check the Shelter Pharma IPO allotment status.
The Shelter Pharma IPO shares listing date is August 23, 2023.
