Shelter Pharma IPO vs Shoora Designs IPO

Comparision between Shelter Pharma IPO and Shoora Designs IPO.

IPO Details

Shelter Pharma IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shoora Designs IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Shelter Pharma IPO	Shoora Designs IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Limited	Swaraj shares and securities private limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker	Gretex Share Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Shelter Pharma IPO is up to ₹16.03 Cr whereas the issue size of the Shoora Designs IPO is up to ₹2.03 Cr. The final issue price of Shelter Pharma IPO is ₹42.00 per share and of Shoora Designs IPO is ₹48.00 per share.

	Shelter Pharma IPO	Shoora Designs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹42.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	38,16,000 shares	4,23,000 shares
Fresh Issue Size (Amount)	up to ₹16.03 Cr	up to ₹2.03 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	38,16,000 shares	4,24,000 shares
Issue Size Total (Amount)	up to ₹16.03 Cr	up to ₹2.03 Cr

IPO Timetable

Shelter Pharma IPO opens on Aug 10, 2023, while Shoora Designs IPO opens on Aug 17, 2023. The closing date of Shelter Pharma IPO and Shoora Designs IPO is Aug 14, 2023, and Aug 21, 2023, respectively.

	Shelter Pharma IPO	Shoora Designs IPO
Anchor Bid Date
Issue Open	Aug 10, 2023	Aug 17, 2023
Issue Close	Aug 14, 2023	Aug 21, 2023
Basis Of Allotment (Tentative)	Aug 18, 2023	Aug 24, 2023
Initiation of Refunds (Tentative)	Aug 21, 2023	Aug 25, 2023
Credit of Share (Tentative)	Aug 22, 2023	Aug 28, 2023
Listing date (Tentative)	Aug 23, 2023	Aug 29, 2023
Anchor Lockin End date 1	Sep 17, 2023	Sep 23, 2023
Anchor Lockin End date 2	Nov 16, 2023	Nov 22, 2023

Financials

Shelter Pharma IPO P/E ratio is 5.62, as compared to Shoora Designs IPO P/E ratio of 35.82.

Shelter Pharma IPO

Shoora Designs IPO

Financial

Shelter Pharma IPO Financial Information (Restated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	1,020.24	1,283.93	2,144.90
Revenue	2,248.86	3,005.84	3,615.51
Profit After Tax	-23.88	183.70	578.33
Net Worth	711.17	880.42	1,451.06
Reserves and Surplus	667.40	844.45	676.68
Total Borrowing	0.46	13.12	178.41

Amount in ₹ Lakhs

Shoora Designs IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	0.75	15.03	168.99
Revenue		16.26	210.61
Profit After Tax	-0.50	3.91	11.46
Net Worth	0.50	4.41	158.59
Reserves and Surplus	-0.50	3.41	51.02
Total Borrowing			0.30

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

84.92%

100.00%

Promoter Shareholding (Post-Issue)

56.89%

71.77%

P/E Ratio

5.62

35.82

Market Cap

₹48.55 Cr.

₹7.19 Cr.

ROE

14.06%%

ROCE

9.89%%

Debt/Equity

EPS

₹7.47

₹1.34

RoNW

39.86%%

7.22%%

Shares Offered

In the Shelter Pharma IPO retail investors (RII) are offered 18,12,000 shares while in Shoora Designs IPO retail investors are offered 18,12,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Shelter Pharma IPO and 0 shares in Shoora Designs IPO.

	Shelter Pharma IPO	Shoora Designs IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,94,000 shares	27,000 shares
QIB	0 shares	0 shares
NII	18,10,000 shares	1,98,000 shares
RII	18,12,000 shares	1,98,000 shares
Employee	0 shares	0 shares
Others
Total	34,30,000 shares	3,96,000 shares

Bids Received (Subscription)

Shelter Pharma IPO subscribed 15.25x in total, whereas Shoora Designs IPO subscribed 64.52x.

	Shelter Pharma IPO	Shoora Designs IPO
QIB (times)
NII (times)	6.59x	34.68x
Big NII (times)
Small NII (times)
RII (times)	22.28x	93.73x
Employee (times)
Other (times)
Total (times)	15.25x	64.52x

Compare with others

Shelter Pharma IPO	Shoora Designs IPO
Sungarner Energies IPO	Basilic Fly Studio IPO
Sahaj Fashions IPO	C P S Shapers IPO
Shoora Designs IPO	Mono Pharmacare IPO
Bondada Engineering IPO	Sungarner Energies IPO
Crop Life Science IPO	Sahaj Fashions IPO
Sangani Hospitals IPO	Bondada Engineering IPO
Yudiz Solutions IPO	Crop Life Science IPO
Zeal Global Services IPO	Shelter Pharma IPO
Oriana Power IPO	Sangani Hospitals IPO
Innovatus Entertainment Networks IPO	Yudiz Solutions IPO

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