Shelter Pharma Limited IPO Date 2023, Price & Review

Shelter Pharma Limited IPO 2023: Shelter Pharma Limited is a Gujarat-based pharmaceutical company that is planning to raise ₹16.03 crore through an initial public offering (IPO). The IPO will open for subscription on August 10, 2023, and close on August 14, 2023.

What is Shelter Pharma Limited?

Shelter Pharma Limited was established in 2008 and based out of Ahmedabad, Gujarat. They specialize in producing and marketing pharmaceutical products including tablets, capsules, syrups and injectables that are sold throughout India as well as worldwide.

Why is Shelter Pharma Limited going public?

Shelter Pharma Limited plans on taking its business public to raise capital to support its expansion plans. Proceeds from an IPO could help expand manufacturing capacity, develop new products and enter new markets.

Shelter Pharma Limited IPO Date

What is the Shelter Pharma Limited IPO size and price?

Shelter Pharma Limited’s IPO consists of a fresh issue of 3,816,000 equity shares. The issue is priced at ₹42 per share. The minimum investment amount is ₹12,600 (3000 shares).

Market Maker Shares Offered1,94,000 shares (5.04%)
NII (HNI) Shares Offered18,28,000 shares (47.48%)
Retail Shares Offered18,28,000 shares (47.48%)
Total Shares Offered38,50,000 shares (100.00%)

Key dates for Shelter Pharma Limited’s IPO

The key dates for Shelter Pharma Limited’s IPO are as follows:

EventDate
IPO opensAugust 10, 2023
IPO closesAugust 14, 2023
Allotment of sharesAugust 17, 2023
Refund of excess moneyAugust 20, 2023
Shares start trading on stock exchangeAugust 23, 2023

What are the key risks to consider before investing in Shelter Pharma Limited’s IPO?

There are a few key risks to consider before investing in Shelter Pharma Limited’s IPO. These include:

  • The company is relatively young and has a limited track record.
  • The company faces stiff competition from established players in the pharmaceutical industry.
  • The company’s products are subject to regulatory approvals.

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How to invest in Shelter Pharma Limited’s IPO?

Individual investors can invest in Shelter Pharma Limited’s IPO through a stockbroker. To invest in the IPO, you will need to open a demat account and a trading account with a stockbroker. You can then place an order to buy shares in the IPO.

Shelter Pharma Limited IPO 2023: FAQ

1. What is the market lot size for Shelter Pharma Limited’s IPO?

The market lot size for Shelter Pharma Limited’s IPO is 3000 shares. This means that you must buy a minimum of 3000 shares to participate in the IPO.

2. When will Shelter Pharma Limited’s shares start trading on the stock exchange?

Shelter Pharma Limited’s shares are expected to start trading on the stock exchange on August 23, 2023.

3. What is the brokerage for Shelter Pharma Limited’s IPO?

The brokerage for Shelter Pharma Limited’s IPO will vary depending on the stockbroker. However, it is typically around 0.5% of the investment amount.

4. How can I track the progress of Shelter Pharma Limited’s IPO?

You can track the progress of Shelter Pharma Limited’s IPO on the website of the stock exchange where the IPO is being listed. You can also track the IPO on the website of the lead merchant banker for the IPO.

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Conclusion

Shelter Pharma Limited’s initial public offering (IPO) presents investors with an exciting opportunity to invest in an expanding pharmaceutical company; however, before making their decision it is essential they carefully consider any associated risks before investing.

Read also: Upcoming IPOs in India 2023: All IPO List

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