IPO Details

Bidding Dates

10 Aug '23 - 14 Aug '23

Minimum Investment

₹126,000 / 1 Lots (3000 Shares)

Price Range


Maximum Investment

₹126,000 / 1 Lots (3000 Shares)

Retail Discount

Not Applicable

Issue Size

₹16.03 Cr

Investor category and sub category

Qualified Institutional Buyers  |   Non-Institutional Investors  |   Retail Individual Investors  |  

Shelter Pharma IPO Dates

Important dates with respect to IPO allotment and listing

IPO Opening Date

Aug 10, 2023

IPO Closing Date

Aug 14, 2023

Basis of Allotment

Aug 18, 2023

Initiation of Refunds

Aug 21, 2023

Credit of Shares to Demat Account

Aug 22, 2023

IPO Listing Date

Aug 23, 2023

About Shelter Pharma Ltd

Shelter Pharma Limited was incorporated on October 12th, 2007 and previously it was known as Shelter Pharmacy. It possesses a dominant position in the state of Gujarat. The business activities of the company revolve around manufacturing herbal products in the Human Pharma and Veterinary space. The company manufactures OTC and Ethical pharma products across both business verticals.

The product range of the company includes Lemonade Barley Water, Sherolax, Baldeepak, and Stonyl Tablets in Human Pharma and Agrical Powder, Lactocal gel, Shelodex Ultra Ointment in Veterinary Healthcare. The majority of the client base of the company belongs to rural/semi-urban markets.

The company carries out its operations in the pharma industry, which is likely to witness a CAGR of 22.4% in the upcoming years. This is likely to be backed by ~10,500 manufacturing units and an evolving network of 3,000 drug companies.

Shelter Pharma Limited IPO Details

Shelter Pharma Limited IPO Date

Shelter Pharma is a 100% fresh issue IPO comprising 3,816,000 shares. It is a Fixed Price Issue IPO. Retail investors can bid for the Shelter Pharma Limited IPO. The issue will open on August 10th, 2023, and will close on August 14th, 2023.

Shelter Pharma Limited IPO Price Band

The price of the IPO has been fixed at ₹42 per share.

Shelter Pharma Limited IPO Lot Size

The Shelter Pharma Limited IPO lot size is 3,000 shares and the minimum investment will be ₹1,26,000.

Shelter Pharma Limited IPO Objectives 

The objectives of Shelter Pharma Limited IPO are listed below:

  • To meet working capital requirements.
  • For general corporate purposes. 

Peer Details

Some of the major peers of Shelter Pharma include the following:

  1. Dabur India Limited

  2. Emami Limited

Strengths and Opportunities 

  1. The company operates a well-diversified product portfolio, which may help in enhancing the revenue stream.
  2. The company operates a scalable business model, which is customer-centric and order-driven. This would be backed by the focus of the company on the development of new markets and products in both domestic and international markets. 
  3. The company has witnessed consistent growth in revenue on the back of strengthened demand.
  4. The company focuses on business expansion across geographies on the back of enhanced marketing and branding efforts.

Risks and Threats

  1. The company is heavily dependent on the performance of its distributors as it mainly sells its products directly to distributors. Hence, the supply chain of the business could be impacted in the event of failure by the distributors. 
  2. Shelter Pharma’s promoters and directors are in certain legal proceedings and have no certainty of results in favour of the company. Thus, any kind of monetary penalty could impact the cash reserves of the company.
  3. The business model of the company is highly exposed to regulatory uncertainties as it requires numerous licenses to carry out operations.
  4. The major reliance of the business is dependent on the state of Gujarat. Hence, any adverse event in the state could hamper business growth.

How To Check the Allotment Status of the Shelter Pharma Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

Contact Details of Shelter Pharma Limited 

Registered office: Shelter Nagar, Near S. T. Bus Stand, Himmatnagar - 383001, Gujarat, India

Phone: 02772296038

E-mail: info@shelter.co.in

Shelter Pharma Company Financials

Particulars Period Ending on 31st Mar’23 Year ending on 31st Mar’22 Year ending on 31st Mar’21
Total Income 3,615.51 3,005.84 2,248.86
Profit After Tax (PAT) 578.33 183.70 23.88
Current Ratio (x) 2.98 2.57 2.71
Debt - Equity Ratio (x) 0.12 0.01 0.00
Inventory Turnover Ratio (x) 3.87 5.54 5.07
  • How to Apply in IPO
  • How to Check IPO Allotment Status

Login to Angel One App / Website & click on IPO

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Login to Angel One App / Website

Choose IPO section on Home Page

Click IPO Orders

Chose the IPO application you want to view the status for

Shelter Pharma IPO FAQs

What is Shelter Pharma Limited’s IPO?

Shelter Pharma is a 100% fresh issue IPO comprising 38,16,000 shares. It is a fixed-price issue IPO. 

When will Shelter Pharma Limited’s IPO be allotted?

The Basis of Allotment will be on August 18, 2023.

When will Shelter Pharma Limited’s IPO open for subscription?

The IPO subscription window will open on August 10, 2023.

What minimum lot size can retail investors subscribe to?

Retail investors can apply for a minimum of one lot.

When will Shelter Pharma Limited list on exchanges?

Shelter Pharma Limited IPO will list on BSE and NSE. The date of listing is August 23, 2023

How do I check the allotment status of the Shelter Pharma Limited IPO?

Steps to check IPO allotment status on Angel One’s app:

  • Log in to the Angel One app
  • Validate with an OTP
  • Enter your application number, DP ID, and PAN number into the app
  • Click on ‘Submit’

What would be the listing gains on the Shelter Pharma Limited IPO?

Listing gains cannot be ascertained before the listing of the IPO on the stock exchange.

I have finished the application process for the Shelter Pharma Limited IPO, but the funds still need to be debited. What is the reason?

Initially, the bank will only block the amount in your account. The money will not be debited until the stocks are allotted to you.

How do I approve the UPI mandate request for Shelter Pharma Limited’s IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Shelter Pharma Limited using one PAN?

You can submit only one application using your PAN card.