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.
Shelter Pharma IPO Details
Shelter Pharma IPO is a Fixed Price Issue. The IPO total issue size is Rs 16.03 Cr. The Shelter Pharma IPO price is ₹42 per share. The IPO will list on BSE SME.
| IPO Date | Aug 10, 2023 to Aug 14, 2023 |
| Listing Date | [.] |
| 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 Reservation
Shelter Pharma IPO a total of 3,624,000 shares are offered. RII: 1,812,000 (50.00%), NII: 1,810,000 (49.94%).
| 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 Timetable (Tentative)
Shelter Pharma IPO opens on Aug 10, 2023, and closes on Aug 14, 2023.
| IPO Open Date | Thursday, 10 August 2023 |
| IPO Close Date | Monday, 14 August 2023 |
| Basis of Allotment | Friday, 18 August 2023 |
| Initiation of Refunds | Monday, 21 August 2023 |
| Credit of Shares to Demat | Tuesday, 22 August 2023 |
| Listing Date | Wednesday, 23 August 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on Aug 14, 2023 |
Shelter Pharma IPO Lot Size
The minimum lot size of this Shelter Pharma IPO is 3000 shares required is ₹126,000.
| 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 |
Shelter Pharma IPO Promoter Holding
Mr. Mustaqim Nisarahmed Sabugar and Mr. Shakil Nisarahmed Sabugar are the company’s promoters.
| Pre Issue Share Holding | 84.92% |
| Post Issue Share Holding | 56.89% |
Company Financials
| 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 |
Amount in ₹ Lakhs
Objects of the Issue
The company intends to utilize the net fresh issue proceeds for the following objects:
a) Working capital requirements and
b) General corporate purposes.
Shelter Pharma IPO Review (Avoid)
[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…
Shelter Pharma IPO Subscription Status (Bidding Detail)
The Shelter Pharma IPO is subscribed 0.58 times on Aug 10, 2023 1:37:00 PM. The public issue subscribed 1.12 times in the retail category, [.] times in the QIB category, and 0.07 times in the NII category. Check Day by Day Subscription Details (Live Status) Reload Subscription
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 0.07 | 18,10,000 | 1,35,000 |
| Retail | 1.12 | 18,12,000 | 20,34,000 |
| Total | 0.58 | 34,30,000 | 19,75,000 |
Total Application : 584 (0.97 times)
*Market Maker portion is not included to NII/HNI.
Shelter Pharma IPO Prospectus
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/
Shelter Pharma IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: https://ipo.bigshareonline.com/ipo_status.html