Shelter Pharma Ltd Share Price – BSE

Pharmaceuticals, Small Cap

Shelter Pharma will hold a meeting of the Board of Directors of the Company on 24 May 2024

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Shelter Pharma has secured a order from Taha Drugs & Chemicals Co. for the product of Allvitamins Tablet Nutraceutical 60000 Box and Joemega Capsule Nutraceutical 60000 Box worth Rs 1 crore approximately.

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The order, valued at approximately Rs 1 crore, includes a bulk quantity of Allvitamins Tablet Nutraceutical, totaling 60000 boxes, and Joemega Capsule Nutraceutical, also amounting to 60000 boxes. The nature of this order is fixed cost, and it is projected to be fulfilled within a time frame of 4 months.

Shelter Pharma primarily focuses in manufacturing herbal products with well-built presence in Human Pharma as well as Veterinary space. In the Human pharma segment, Shelter has product portfolio of OTC products as well Ethical pharma products. Similarly, Shelter has OTC and Ethical presence in Veterinary segment. Shelter Pharma also has presence in various other countries like Egypt, Kuwait, Bangladesh, Qatar. The company has 18 employees.

The company recorded a revenue from operations of Rs 30.12 crore and net profit of Rs 4.94 crore for the period ended as on 31 March 2022.

The BSE SME stock was listed on 23 August 2023. The scrip was listed at Rs 39.97, a discount of 4.83% compared with the issue price of Rs 42. The initial public offer (IPO) of Shelter Pharma was subscribed 13.63 times. The issue opened for bidding on 10 August 2023 and it closed on 14 August 2023. The price of the IPO was fixed at Rs 42 per share.

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Shelter Pharma will hold a meeting of the Board of Directors of the Company on 10 November 2023.

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