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Shelter Pharma IPO GMP, Price, Dates & Allotment Details 2023

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:

  1. Working capital requirements and
  2. General corporate purposes.

Financial Highlights (Restated)

ParticularsFY 2022-23FY 2021-22FY 2020-21
Net Worth1,451880711
Total Assets2,1451,2841,020
Reserve & Surplus677844667
Total Borrowings178130
Total Revenue3,6163,0062,249
Profit After Tax578184(24)
(Amount in ₹ Lakhs)

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 TypeFixed Price Issue IPO
IPO Price₹ 42 per share
Face Value₹ 10 per share
Market Lot3,000 shares
Issue Size3,816,000 shares (aggregating up to ₹ 16.03 crores)
Fresh Issue3,816,000 shares (aggregating up to ₹ 16.03 crores)
Listing AtBSE SME

Market Maker detail

Market makerGretex Share Broking
Market maker portion194,000 shares

IPO Reservation

CategoriesNo. of shares offered
Other shares offered50% of the offer
Retail shares offered50% 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 DateAugust 10, 2023,
Closing DateAugust 14, 2023
Basis of AllotmentAugust 18, 2023
Initiation of RefundsAugust 21, 2023
A credit of shares to Demat A/cAugust 22, 2023
Listing DateAugust 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.

ApplicationsLotsSharesAmount
Retail (Minimum)13,000₹ 126,000
Retail (Maximum)13,000₹ 126,000
HNI (Minimum)26,000₹ 252,000

Promoters Holdings 

Mr. Mustaqim Nisarahmed Sabugar and Mr. Shakil Nisarahmed Sabugar are the promoters of the company.

Pre-issue Shares Holdings100%
Post-issue Shares Holdings

Miscellaneous Information

Download Prospectus (PDF)IPO DRHP
IPO RHP
Company Contact InformationShelter Pharma Limited
Shelter Nagar, Near S. T. Bus Stand, Himmatnagar -383001
Phone: 02772296038
Email: [email protected]
Website: https://shelter.co.in/
IPO RegistrarBigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: [email protected]
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.

Click here for more FAQs.

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