Shelter Pharma IPO: GMP, subscription status on day 3 and other key details

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₹42 per equity share and the Shelter Pharma IPO shares will get listed on Wednesday, 23 August on BSE SME. Shelter Pharma is a small- and medium-sized enterprise (SME) IPO is a Gujarat-based company and 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.

Shelter Pharma's product list includes human healthcare products such as lemonade sherolax, barley water, baldeepak, stonyl tablets along with veterinary healthcare products such as agrical powder, lactocal gel, shelodex ultra ointment. Shelter Pharma IPO is a fresh issue comprising 3,816,000 equity shares of the face value of ₹10 aggregating up to ₹16.03 crore. Bigshare Services Pvt Ltd is the IPO Registrar and Gretex Corporate Services Limited is the lead manager.

Also Read: Shelter Pharma IPO: From Day 2 subscription to GMP status, 10 key things to know Shelter Pharma Ltd IPO share allotment will take place on Friday, 18 August. Those allotted shares will get them in their Demat accounts on Tuesday, 22 August. The refund process for those who did not get shares will begin on Monday, 21 August.

Also Read: Srivari Spices IPO allotment finalised: Latest GMP, here's how to check allotment status Shelter Pharma IPO was subscribed 15.25 times on day 3. The issue received positive response from retail investors who's portion set was subscribed 22.28 times, and non-institutional buyers who's portion set was subscribed 6.59 times, according to data on chittorgarh.com. The company has received bids for 5,23,09,000 shares against 3,624,000 shares on offer, according to data on chittorgarh.com.