Shelter Pharma IPO will open for subscription from 10 August 2023. the company aims for an issue size of ₹16.03 Cr through this IPO.
Company Overview
| Full name | Shelter Pharma Limited |
| Sector | Healthcare |
| Industry | Pharmaceuticals & Drugs |
| Company Website | https://shelter.co.in/ |
About Company
Incorporated in 2007, Shelter Pharma primarily focuses on manufacturing herbal products with a well-built presence in Human Pharma as well as 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.
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 focuses on rural/semi-urban markets as its clientele to offer high-quality price competitive remedies to villages. As of 31 March 2023, Shelter Pharma has 18 employees in the company.
The Objective of the Issue
- Working capital requirements,
- General corporate purposes.
IPO Timetable
| IPO Opening date | 10 August 2023 |
| IPO Closing | 14 August 2023 |
| Basis of Allotment | 18 August 2023 |
| Initiation Refund | 21 August 2023 |
| Credit to Demat Account | 22 August 2023 |
| Listing Date | 23 August 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹16.03 Cr – 3,816,000 shares |
| Fresh Issue | ₹16.03 Cr – 3,816,000 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer Price | ₹42 per share |
| Lot size | 3000 Shares |
| Market Maker portion | 194,000 shares |
| Listing Exchange | BSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 3000 | ₹126,000 |
| Retail (Max) | 1 | 3000 | ₹126,000 |
| HNI (Min) | 2 | 6,000 | ₹252,000 |
Reservation Details
| 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%) |
Financial Performance
| FY 2021 | FY 2022 | FY 2023 | |
| Revenue | 2,248.34 | 3,005.54 | 3,615.27 |
| Expenses | 2,272.60 | 2,755.27 | 2,820.38 |
| Net income | (23.88) | 183.70 | 578.33 |
Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | (5.08) | 37.96 | 7.45 |
| PE ratio | – | – | 5.64 |
| RONW (%) | (3.34) | 20.57 | 39.86 |
| NAV | 152.19 | 184.48 | 18.74 |
| EBITDA (%) | 0.54 | 8.92 | 22.49 |
| Debt/Equity | 0.00 | 0.01 | 0.12 |
Company Promoters
- Mr. Mustaqim Nisarahmed Sabugar
- Mr. Shakil Nisarahmed Sabugar
Promoter Holding
| Pre Issue Share Holding | 84.92% |
| Post Issue Share Holding | 56.89% |
Lead Manager(s)
GRETEX CORPORATE SERVICES LIMITED
Office No. 13, 1st Floor,
New Bansilal Building, Raja Bahadur Mansion,
9-15, Homi Modi Street, Fort, Mumbai– 400001
Phone: +91 96532 49863
Email: info@gretexgroup.com
Website: www.gretexcorporate.com
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
S6-2, 6th Floor, Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East, Mumbai – 400 093
Phone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
SHELTER PHARMA LIMITED
Shelter Nagar, Near S. T. Bus Stand,
Himmatnagar – 383001, Gujarat, India
Phone: 02772296038
E-mail: info@shelter.co.in
Website: www. Shelter.co.in
Allotment Status
Shelter Pharma IPO allotment status will be available on Bigshare Services’ website. Click on this link to get allotment status.
Final thoughts
Shelter Pharma IPO is going to hit Dalal Street soon. applying for an IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
