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Shelter Pharma IPO: Everything you need to know Shelter Pharma is a Gujarat-based company that manufactures and markets herbal products. The company is looking to raise ₹16.03 crore through its initial public offering (IPO). The IPO opens on August 10 and closes on August 14. Here are some key things to know about the Shelter Pharma IPO: The company is offering a total of 38.16 lakh equity shares at a price of ₹42 per share. The IPO is a fixed price issue, which means that the price of the shares will not change during the subscription period. Retail investors can bid for a minimum of 3,000 shares and in multiples of 3,000 shares thereafter. The company has allocated 50% of the issue size for retail investors and the balance 50% for qualified institutional buyers (QIBs).
Shelter Pharma has a strong track record of growth. The company's revenue has grown at a CAGR of 20% over the past five years. In FY23, the company's revenue was ₹30.06 crore. More details about Shelter Pharma Ltd. IPO. The company has a well-established brand in the herbal products market. Shelter Pharma's products are sold in over 10,000 retail outlets across India. The company also exports its products to countries in the Middle East and Africa. Shelter Pharma is planning to use the proceeds from the IPO to expand its manufacturing capacity, develop new products, and increase its marketing and sales efforts. The company is facing some challenges, such as the rising cost of raw materials and increasing competition from multinational companies. However, Shelter Pharma is well-positioned to overcome these challenges and grow its business in the coming years. Apply Shelter Pharma Ltd. IPO now.
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