Shelter Pharma was incorporated on October 12, 2007. The company primarily focuses on manufacturing herbal products and has a strong presence in both the human pharmaceutical and veterinary sectors
| Bidding Dates |
|---|
| 10 Aug 2023 - 14 Aug 2023 |
| Subscription |
|---|
| 13.76x Oversubscribed |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| ₹1,26,000 | 1 | 1 | 3000 | 3.8 M | ₹42 | 66.99 % | ₹160.3 M | RHP DOC |
Shelter Pharma IPO SUBSCRIPTION STATUS
14 Aug '23Shelter Pharma IPO overall subscription rate was 13.76 times the total available shares
Shelter Pharma IPO retail subscription rate was 21.16 times in the retail segment
Shelter Pharma IPO non-institutional investor subscription rate was 6.36 times in the non-institutional investor category
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 50% | 50% | - |
14 Aug 2023 (Day 3) | 21.16x | 6.36x | - |
11 Aug 2023 (Day 2) | 5.34x | 0.53x | - |
10 Aug 2023 (Day 1) | 1.87x | 0.21x | - |
Shelter Pharma FINANCIALS
| Period | Net Profit (Rs in millions) | Revenue from Operations (Rs in millions) | Cash Flow from Operations (Rs in millions) | Free Cash Flow (Rs in millions) |
| FY23 | 57.8 | 361.5 | 0.0 | 0.0 |
| FY22 | 18.4 | 300.6 | 5.2 | -0.9 |
| FY21 | -2.4 | 224.8 | -2.8 | -2.9 |
Shelter Pharma IPO SUBSCRIPTION STATUS DETAILS
Shelter Pharma had 3.8 M shares on offer
Shelter Pharma IPO offer price was ₹42
Shelter Pharma IPO minimum Investment was ₹126000
Shelter Pharma IPO issue size was ₹ 160.3 M
Shelter Pharma had a minimum lot size of 3000 Shares per application
Shelter Pharma NUMBER OF SHARES ON OFFER
Shelter Pharma IPO IMPORTANT DATES
| Issue Open Date | 10 Aug 2023 |
| Issue close Date | 14 Aug 2023 |
| Allotment Date | 18 Aug 2023 |
| Refund Date | 21 Aug 2023 |
| Demat Account Credit Date | 22 Aug 2023 |
| Listing Date | 23 Aug 2023 |
| Listing on Exchange(s) | BSE |
| Shelter Pharma Allotment Status | Exchange |
Shelter Pharma IPO subscription opened on 10 Aug 2023, and closed on 14 Aug 2023
IPO allotment for Shelter Pharma was finalized on Friday, 18 Aug 2023
IPO listing for Shelter Pharma was on BSE on Wednesday, 23 Aug 2023
Shelter Pharma IPO LISTING GAINS
| Issue Price (adjusted) | 42.0 |
| Listing Open Price | 40.0 |
| Listing Close Price | 42.0 |
| Listing Gain% | -4.8% |
| Current Gain% | -38.0% |
Shelter Pharma Peer
| Stock | Stock Price | Market Cap (Rs crore) | PE TTM | PEG TTM | PS TTM | ROE% | ROA% | Annual Revenue (Rs crore) | Annual Revenue Growth % | Annual Net Profit (Rs crore) | Annual Net Profit Growth % | EPS TTM | EPS TTM Growth % |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Shelter Pharma Ltd. | 26 | 30.1 | 4.9 | -0.3 | 0.4 | 11.8 | 10.7 | 73.1 | 44.4 | 9 | 24.7 | 5.4 | -14.4 |
| Sun Pharmaceutical Industries Ltd. | 1945 | 466670.7 | 38.6 | 2.3 | 7.8 | 13.7 | 10.6 | 60433.8 | 10.8 | 11479.4 | 5 | 50.4 | 16.6 |
| Divi's Laboratories Ltd. | 8275 | 219675.3 | 75.1 | 2.8 | 19.6 | 15.3 | 12.8 | 11067 | 14 | 2568 | 17.2 | 110.2 | 26.8 |
| Torrent Pharmaceuticals Ltd. | 4924 | 187293.2 | 85.9 | 9.6 | 11.9 | 25.8 | 4.9 | 13886.2 | 20.3 | 2163.4 | 13.2 | 57.3 | 8.9 |
| Cipla Ltd. | 1463.8 | 118253.6 | 35.1 | -0.9 | 4.2 | 11.3 | 9.1 | 29044.6 | 2.2 | 3879.2 | -26.4 | 41.7 | -37.5 |
| Zydus Lifesciences Ltd. | 1114.2 | 112114.6 | 22.2 | 2.3 | 4.1 | 18.6 | 9.6 | 27657.9 | 17.6 | 5040 | 11.4 | 50.1 | 9.6 |
Shelter Pharma INFORMATION ON IPO ISSUE
About Shelter Pharma
Shelter Pharma was incorporated on October 12, 2007. The company primarily focuses on manufacturing herbal products and has a strong presence in both the human pharmaceutical and veterinary sectors
Object of the Issue
- Working capital requirements
- General corporate purposes
Shelter Pharma - PROMOTERS
| Name |
|---|
| Mustaqim Nisarahmed Sabugar |
| Shakil Nisarahmed Sabugar |
Shelter Pharma Lead Manager of the Issue
Gretex Corporate Services Limited
info@gretexgroup.com
Shelter Pharma Registrar to the issue
Bigshare Services Private Limited
ipo@bigshareonline.com
Shelter Pharma Strengths
Scalable business model
The company's business model is customer-centric and order-driven, requiring the optimal utilization of our existing resources to ensure quality supply and achieve economies of scale
Product portfolio
The company primarily focuses on herbal products, with a well-established presence in both the human pharma and veterinary sectors. It boasts a vast product portfolio designed to cater to a wide spectrum of the health industry
Marketing & branding efforts
The company is aggressively pursuing opportunities through geographical expansion, supported by intensive marketing and branding efforts
Shelter Pharma Risks
Outstanding legal proceedings
There are ongoing legal proceedings involving the company, group entities, promoters, and directors. An unfavorable decision in such proceedings could significantly impact the business
Default committed in FY17
The company was categorized as a 'Defaulter' by CIBIL and labeled as a 'Wilful Defaulter' by Watchout Investors due to a default in the year 2016
Competitive business
The company operates within a highly competitive business landscape, and any inability to compete effectively could significantly impact its business adversely
IPO FAQs
The promoters of the company are Mustaqim Nisarahmed Sabugar and Shakil Nisarahmed Sabugar.
The category allocation of qualified institutional buyers is 0.0%, the category allocation of non individual investors or high networth individuals is 50.0% and for retail investors it is 50.0%.
The price band of the IPO is Rs 42.0 - 42.0.
The IPO application opens on Aug 10, 2023 and closes on Aug 14, 2023.
The minimum lot size for the IPO is 3000. The maximum lot size for the IPO is 3000.
For all category investors, the minimum application amount for this IPO is Rs. 126,000.0, the maximum value for this IPO is Rs 126,000.0.
This IPO will be allotted on Aug 18, 2023.
The refund will be credited to your account on Aug 21, 2023.
The allotted shares will be credited to your demat on Aug 22, 2023.
Shelter Pharma Ltd.’s shares listed on the stock exchanges on Aug 23, 2023.