The initial public offer (IPO) of Shelter Pharma Limited, a Gujarat-based herbal products manufacturer, opened for subscription today, on August 10.

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The SME IPO will be open from 10 am today to 5 pm, Friday, August 14.

Subscription update

By noon on Thursday, the first day of the bidding process, 11,58,000 shares had been subscribed.

Here are some of the key details about the Shelter Pharma Limited SME IPO:

Shelter Pharma Limited SME IPO: Price band

The company has fixed a price band of Rs 42 per share for the IPO.

The company plans to raise 1,602.72 lakh through a public offering of 38,16,000 equity shares.

Shelter Pharma Limited SME IPO: Listing date 

The shares will be listed on the BSE SME exchange on August 23.

Shelter Pharma Limited SME IPO: Allotment date  

The shares will likely be allotted to eligible investors on August 18. 

Subscribers will be able to check the allotment status on the website of Registrar Bigshare Services Pvt Ltd. Here's the direct link. 

Shelter Pharma Limited SME IPO: Fund utilisation 

The proceeds from the fresh issue will be utilised for meeting working capital requirements and general corporate purposes.

About Shelter Pharma Limited

Shelter Pharma Limited, previously known as Shelter Pharmacy, is engaged in the business of manufacturing herbal products in Human Pharma as well as the Veterinary space.

The company manufactures herbal medicines that cover veterinary, poultry, and human health care. Headquartered in Himmatnagar, Gujarat, the aim of the company is to offer cost-effective and superior solutions to the health problems of humans and animals.

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