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:
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Dabur India Limited
-
Emami Limited
Strengths and Opportunities
- The company operates a well-diversified product portfolio, which may help in enhancing the revenue stream.
- 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.
- The company has witnessed consistent growth in revenue on the back of strengthened demand.
- The company focuses on business expansion across geographies on the back of enhanced marketing and branding efforts.
Risks and Threats
- 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.
- 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.
- The business model of the company is highly exposed to regulatory uncertainties as it requires numerous licenses to carry out operations.
- 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 |
|---|---|---|
| Total Income | 3,615.51 | 3,005.84 |
| Profit After Tax (PAT) | 578.33 | 183.70 |
| Current Ratio (x) | 2.98 | 2.57 |
| Debt - Equity Ratio (x) | 0.12 | 0.01 |
| Inventory Turnover Ratio (x) | 3.87 | 5.54 |
