What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

When is the Shelter Pharma Limited IPO allotment date?

The basis of allotment for Shelter Pharma Limited IPO is scheduled to be finalized on 18 Aug 2023.

Where can I check Shelter Pharma Limited IPO allotment status?

You can check your allotment status on the official registrar portal (Bigshare Services Private Limited) or on the BSE India website using your PAN card number or application number.

When will unallotted IPO application funds be unblocked?

Refund initiation and UPI mandate revocation for unallotted applications starts on or around 19 Aug 2023.

IPO GreyPremiumLIVE

Grey Market Intelligence

Shelter Pharma Limited

ListedSME

Pharmaceuticals & Healthcare · BSE

Incorporated in 2007, Shelter Pharma Limited (formerly Shelter Pharmacy) manufactures herbal products for human and veterinary healthcare. Headquartered in Himmatnagar, Gujarat, the company focuses on providing cost-effective and high-quality solutions for human, poultry, and animal health. Its human healthcare products include Lemonade Barley Water, Sherolax, Baldeepak, and Stonyl Tablets, while veterinary offerings include Agrical Powder, Lactocal Gel, and Shelodex Ultra Ointment. Shelter Pharma combines Ayurvedic principles with modern practices to develop its range of health supplements. The company primarily serves rural and semi-urban markets, delivering accessible herbal healthcare solutions across India.

Price Band

₹42

Issue Size

₹16.03 Cr

Lot Size

3000 shares

GMP

—

Est. Listing

₹42

at current GMP

Subscribed

15.25x

overall

Open

10 Aug 2023

14 Aug 2023

Allotment

18 Aug 2023

Refund

19 Aug 2023

Demat Credit

20 Aug 2023

Listing

23 Aug 2023

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Official Registrar Verification

Shelter Pharma Limited Allotment Status

Designated Registrar: Bigshare Services Private Limited

Check Allotment Status Registrar Portal BSE Portal

Allotment Date

18 Aug 2023

Basis finalization

Refunds Initiate

19 Aug 2023

Mandate release

Demat Credit

20 Aug 2023

Shares in demat

Listing Debut

23 Aug 2023

Trading begins

About Shelter Pharma Limited Public Issue & Market Profile

Shelter Pharma Limited is bringing an initial public offering (IPO) in the Pharmaceuticals & Healthcare sector with an aggregate issue size of ₹16.03 Crores. The shares are offered at a price band of ₹42 to ₹42 per equity share on BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Allotment Procedure:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 3000 shares (approx. ₹1,26,000 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Official Allotment Timelines & Registrar Guidance:

Allotment reconciliation will be managed by Bigshare Services Private Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2023-08-20, while un-allotted funds or UPI block mandates will be released on 2023-08-19.

Frequently Asked Questions

What if my name is not showing on the registrar portal?

Allotment records are updated in batches. If the status is not yet available, please wait a few hours until the basis of allotment is fully finalized.

How will I receive the refund if I don't get allotment?

Since funds are blocked under ASBA/UPI, the bank will automatically release the blocked hold on your funds upon receipt of revocation instructions from the sponsor bank.