Shelter Pharma IPO – Review, Bid, Size, Allotment, Subscription, GMP & RHP
Last Updated Date: Aug 14, 2023Let’s have a detailed review of the company and analytics of the Shelter Pharma IPO release date, IPO offer price, subscription, Shelter Pharma Limited IPO allotment, grey market price, and other details like the company’s background, its financial positions, its promoters, and other related things.
| Face Value | Rs 10 |
| Price Band | Rs 42 |
| Listing At | BSE, SME |
| Min. Order Quantity | 3000 Shares |
| Listing Date | 23 August 2023 |
| Offer for Sale | Rs Lakh |
| Fresh Issue | Rs 1,603 Lakh |
| IPO Size | Rs 1,603 Lakh |
| Tick Size | 1 |
Shelter Pharma IPO is listed at a [●] premium. Check out the live share price by clicking on the below link.
| Live Performance – Shelter Pharma Share Price |
Shelter Pharma IPO – Summary
Their Company primarily focuses on manufacturing herbal products with a well-built presence in Human Pharma as well as the Veterinary space. The shelter started with a few products about decades back.
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. Shelter is present in most of the non-critical segments of Human as well as Veterinary Pharma through its well-spread portfolio.
The Promoter of this company is Mr Mustaqim Nisarahmed Sabugar and Mr Shakil Nisarahmed Sabugar. The lead manager of the issue is GRETEX CORPORATE SERVICES LIMITED, and the Registrar of this issue is BIG SHARE SERVICES PRIVATE LIMITED.
Shelter Pharma IPO Date
The opening and closing dates of Shelter Pharma IPO are 10 August 2023 and 14 August 2023 respectively.
Shelter Pharma IPO Subscription
| Day / Date | NII | RII | Total Subscription |
| 1st Day – 10th Aug | 0.12x | 1.97x | 1.10x |
| 2nd Day – 11th Aug | 0.45x | 5.62x | 3.21x |
| 3rd Day – 14th Aug | 6.59x | 22.28x | 15.25x |
| Shares Offered or Net Issue | 1,810,000 | 1,812,000 | 3,624,000 |
The shares subscribed by the public will be updated here.
Shelter Pharma IPO Allotment Status
Here, you can find the Allotment Status of this IPO.
Allotment of Equity Shares pursuant to the Fresh Issue and transfer of the Offered Shares of the Promoter Selling Shareholders pursuant to the Offer for Sale to the successful Bidders. However, the Allotment Status is not yet disclosed.
Shelter Pharma Limited IPO Listing Date
Find the dates below on basis of allotment, refund, listing, and more:
| Basis of Allotment Finalization | 18 August 2023 |
| Refunds Initiation | 21 August 2023 |
| Credit of Shares to Demat Account | 22 August 2023 |
| Share Listing Date | 23 August 2023 |
Shelter Pharma IPO Price Band
The face value of each share is Rs.10, but the price band of the IPO is Rs.42
Shelter Pharma IPO Equity Size
This Initial Public Issue of 3,816,000 Equity Shares of Rs.10 each for cash at a price of Rs.42 per equity share aggregating to Rs.1,603 Lakh.
Shelter Pharma IPO Share Offering
Fresh Issue: The Issue (excluding the Market Maker Reservation Portion) of 3,816,000 Equity Shares of Rs.10/ each.
Issue Size: 3,816,000 Equity Shares of Rs.10 each, aggregating to Rs.1,603 Lakh
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Shelter Pharma IPO – Live Performance
The listing date of this IPO is 23 August 2023. You can check the live performance of the IPO here, only after it is listed on exchanges.
| Live IPO Performance – Shelter Pharma Share Price |
Shelter Pharma IPO Grey Market Premium
The Shelter Pharma Limited IPO Grey Market Premium price is Rs X, the Kostak rate is Rs X and the Subject to Sauda is Rs X.
Shelter Pharma IPO – Company Overview
Shelter Pharma Limited originally named Shelter Pharmacy, it was converted to Shelter Pharma Limited on the 12th Day of October, 2007 under Part IX of The Companies Act, 1956.
The company is being promoted by Mr Mustaqim Nisarahmed Sabugar and Mr Shakil Nisarahmed Sabugar. Promoters have nurtured and strengthened the business over the years.
The business was slowly expanded from a local presence in Himmatnagar to well spread presence in the state of Gujarat. Shelter remained a family enterprise before the incorporation of the Company with a consolidated position in Gujarat.
So, the introduction of a new generation of promoters, the set up of new companies around 2007 brought new ideas and aspirations to the business. The shelter has embarked on a major restructuring drive in line with redefined goals and objectives for the last 4 years.
Shelter Pharma IPO – Financial Statements
A quick look into the past financial performance of the company to understand its performance of the business and evaluate the growth prospectus:
Financial Summary:
| Amount (in INR & Lakh) | |||
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Total Assets | 2,144.90 | 1,283.93 | 1,020.24 |
| *Total Revenue | 3,615.51 | 3,005.84 | 2,248.86 |
| Total Expense | 2,820.38 | 2,755.27 | 2,272.60 |
| Profit After Tax | 578.33 | 183.70 | (23.88) |
Earnings per Equity Share (in Lakh)
| 31-Mar-23 | Mar-22 | 31-Mar-21 | |
| Basic & Diluted | 7.47 | 37.96 | 5.08 |
Further, their PAT for the period ended on March 31, 2023, March 31, 2022, and March 31, 2021, were Rs. 578.33 Lakh, Rs. 183.70 Lakh, and Rs. (23.88) Lakh respectively.
Shelter Pharma IPO – Promoters
The Promoter of this company is:
- Mr. Mustaqim Nisarahmed Sabugar
- Mr. Shakil Nisarahmed Sabugar
List of Related Parties (Key Managerial Personnel)
- Mustaqim Nisarahmed Sabugar, Managing Director
- Shakil Nisarahmed Sabugar, Whole Time Director
- Parvezbanu Mohamed Rafiq Idariya, Non-Executive Director
- Mosinkhan Gafarkhan Pathan, Independent Director
- Riyajahmed Abdulrauf Sabugar, Independent Director
Shelter Pharma IPO – Promoters Holding
- Pre-Issue Share Holding – 84.92%
- Post-Issue Share Holding – 56.89%
Shelter Pharma IPO Offer Details or Issue Details
| Particulars | No. Of Equity Shares |
| Equity Shares Offered | Up to 3,816,000 Equity Shares aggregating up to Rs.1,603 Lakh |
| of which: | |
| Issue Reserved for the Market Makers | Up to 1,92,000 Equity Shares aggregating up to Rs.80.64 Lakh |
| Net Issue to the Public | Up to 36,24,000 Equity Shares aggregating up to Rs.1,522.08 Lakh |
| Of which: | |
| Retail Investors Portion | Not less than 18,12,000 Equity Shares |
| Other than Retail Individual Investors | Not more than 18,12,000 Equity Shares |
| Equity Shares outstanding prior to the Issue | 77,43,792 Equity Shares |
| Equity Shares outstanding after the Issue | 1,15,59,792 Equity Shares |
Shelter Pharma IPO Issue Object
Their Company proposes to utilize the Net Proceeds towards funding the following objects:
- Working Capital Requirements
- General Corporate Purposes.
Shelter Pharma IPO – Business Strategy
- Focus on Increase in Volume of Sales
- Increasing the number of Clients
- Building up as a Professional Organisation
- Continue to attract and retain talent
Shelter Pharma IPO – Basis of Offer Price
The issue price is determined by the company in consultation with the Lead manager on the basis of the following qualitative and quantitative factors.
Qualitative factors are:
- Experienced Promoters and Management Team
- Scalable Business Model
- Wide and Diverse Range of Product Offerings
- Marketing & Branding Efforts
- Focus on Increase in Volume of Sales
- Increasing the number of Clients
- Building up as on Professional Organization
- Continue to attract and retain talent
The relevant quantitative factors are:
| Basic & Diluted EPS | RONW (%) | NAV (Rs.) | |
| 31-Mar-23 | 7.45 | 39.86 | 18.74 |
| 31-Mar-22 | 37.96 | 20.57 | 184.48 |
| Mar-21 | (5.08) | (3.34) | 152.19 |
Shelter Pharma IPO: Competitive Peers
| Face Value (Rs.) | P/E | EPS (Rs.) | Return on Net Worth (%) | Revenue from Operations (Rs. in Lakhs) |
|
| Shelter Pharma Limited | 10 | 5.62 | 7.47 | 39.86 | 3,615.27 |
| Listed Peers | |||||
| Dabur India Limited | 1 | 70.31 | 7.75 | 21.84 | 8,68,400.00 |
| Emami Limited | 1 | 27.58 | 13.00 | 25.33 | 2,90,600.00 |
Shelter Pharma IPO Lead Managers
| Lead Managers |
| GRETEX CORPORATE SERVICES LIMITED Office No. 13, 1st Floor, New Bansilal Building, Raja Bahadur Mansion, 9-15, Homi Modi Street, Fort, Mumbai– 400001, Maharashtra, India. Tel No.: +91 96532 49863 Email: info@gretexgroup.com Website: www.gretexcorporate.com Contact Person: Ms. Dimple Slun SEBI Registration No: INM000012177 CIN: L74999MH2008PLC288128 |
Shelter Pharma IPO Registrar to offer
| Registrar to the Offer |
| BIGSHARE SERVICES PRIVATE LIMITED S6-2, 6th Pinnacle Business Park, Mahakali Caves Road, next to Ahura Centre, Andheri East, Mumbai- 400093, Maharashtra, India Tel No.: +91 – 22 – 6263 8200; Fax No.: +91 – 22 – 6263 8299 E-mail: ipo@bigshareonline.com Investor Grievance E-mail: investor@bigshareonline.com Website: www.bigshareonline.com Contact Person: Mr. Swapnil Kate SEBI Registration No.: INR000001385 CIN: U99999MH1994PTC076534 |
Shelter Pharma IPO – Other Details
- Statutory Auditor – M/s Mendajiwala & Co., Chartered Accountants
- Legal Counsel to the Company – M/S. M. V. KINI LAW FIRM
- Bankers to the Company – M/S. ICICI Bank Limited
Shelter Pharma IPO Review by Stock Brokers
| Top Stock Brokers Review | Company Reputation | Competitive Edge | Financial Statement | Popularity Index | Promoters Reputation |
| Angel Broking | 7.5/10 | 7.4/10 | 8.5/10 | 8.1/10 | 7.1/10 |
| Sharekhan | 7.2/10 | 7.1/10 | 8.6/10 | 8.1/10 | 7.2/10 |
| Kotak Securities | 7.3/10 | 7.5/10 | 8.4/10 | 8.1/10 | 7.3/10 |
| ICICI Direct | 7.3/10 | 7.3/10 | 8.7/10 | 8.1/10 | 7.1/10 |
| IIFL | 7.5/10 | 7.2/10 | 8.8/10 | 8.0/10 | 7.1/10 |
| Edelweiss | 7.5/10 | 7.4/10 | 8.4/10 | 8.3/10 | 7.2/10 |
| Zerodha | 7.4/10 | 7.1/10 | 8.5/10 | 8.1/10 | 7.0/10 |
| 5Paisa | 7.1/10 | 7.1/10 | 8.4/10 | 8.1/10 | 7.1/10 |
| Karvy | 7.4/10 | 7.3/10 | 8.2/10 | 8.1/10 | 7.1/10 |
| Motilal Oswal | 7.1/10 | 7.1/10 | 8.6/10 | 8.3/10 | 7.2/10 |
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Shelter Pharma Limited IPO News
News 1 – IPO DRHP Download
News 2 – IPO RHP Prospectus Download
Shelter Pharma IPO Review FAQs
Check out various FAQs related to Shelter Pharma IPO:
What is the Issue Size of Shelter Pharma IPO?
The Company is making an initial public offer of 3,816,000 equity shares. They vividly portray the aspects of the issue in this article. You can check the stats on the fresh issue, Offer for sale, and net issue.
What is the Price band of Shelter Pharma IPO?
The price band for this particular IPO ranges between Rs 42. As far as the face value of the share is of concern, it is Rs. 10 per share.
What is the Shelter Pharma IPO Open Date?
The opening and closing dates for this IPO have been updated. The IPO is set to open on 10 August 2023, while the closing date is set at 14 August 2023.
What is the Shelter Pharma IPO Allotment Date?
They also have the news regarding the respective allotment dates of this IPO. The basis of Allotment finalization is on 18 August 2023, refund initiation is on 21 August 2023, credit of shares is on 22 August 2023, and share listing date is on 23 August 2023.
What is the Shelter Pharma IPO Listing Date?
Shares of this company shall be listed in the exchanges 23 August 2023. The date, when the listing would be done, is stagnant on 23 August 2023.
Who is the Registrar of Shelter Pharma IPO?
One of the reputed registrars is managing the issue of this IPO, i.e. BIGSHARE SERVICES PRIVATE LIMITED. Their website will help you regarding the further information you are on the lookout for.
Who is the Promoter of Shelter Pharma IPO?
Here are the promoters of this IPO – Mr Mustaqim Nisarahmed Sabugar and Mr Shakil Nisarahmed Sabugar. You can refer to the RHP for further information on the promoter. You will find the link to RHP in the article.
What is the GMP of Shelter Pharma IPO?
They have obtained the GMP of this IPO and it is Rs NA. Further insights into the Kostak rate and subject to sauda or SS are as well included in this report.
Is Shelter Pharma IPO Good for Investment?
They have further provided the financial status of the company in this article, from the past few years. You can refer to the same, and also check the line of operations they are into and then decide to invest in the IPO.
What is the PAT of Shelter Pharma Company?
They have the information on company financials, and according to that, they have the figures from the last few years to provide. PAT for the financial year 2023 in Lakh is 578.33, 2022 is 183.70, and 2021 is (23.88).
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