
Shelter Pharma Limited
IPO Details
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Lot Distribution
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The Initial Public Offering of Shelter Pharma Limited's culminated in its successful listing on Aug 23, 2023 at the BSE trading platform. The company secured 38,16,000 Shares through this capital market exercise, with 38,16,000 Shares allocated to new capital formation.
Investors participated within the price parameters of ₹42 to ₹42, with minimum investment requirements of 3000 shares. The subscription period from Aug 10, 2023 to Aug 14, 2023 witnessed active investor engagement across categories.
Following the subscription closure, share allotment was processed on Aug 18, 2023. The subsequent listing established a public market for the company's shares, enabling price discovery and secondary market trading for investors.
Investors can bid starting from the minimum lot size specified for this IPO, and only in multiples of that lot size. The table below shows the minimum and maximum investment for retail investors and HNIs in terms of lots, quantity, and amount.
Incorporated in 2007, Shelter Pharma Limited (formerly Shelter Pharmacy) manufactures herbal products for human and veterinary healthcare. Headquartered in Himmatnagar, Gujarat, the company focuses on providing cost-effective and high-quality solutions for human, poultry, and animal health. Its human healthcare products include Lemonade Barley Water, Sherolax, Baldeepak, and Stonyl Tablets, while veterinary offerings include Agrical Powder, Lactocal Gel, and Shelodex Ultra Ointment. Shelter Pharma combines Ayurvedic principles with modern practices to develop its range of health supplements. The company primarily serves rural and semi-urban markets, delivering accessible herbal healthcare solutions across India.
Note : "Calculations for ‘Shares Offered’ and ‘Total Amount’ are based on the highest price in the issue price band."
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- Mr. Mustaqim Nisarahmed Sabugar
- Mr. Shakil Nisarahmed Sabugar
Shelter Pharma Limited
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