IPO : India Shelter Finance Corporation Limited
India Shelter Finance Corporation Limited IPO
| SYMBOL | INDIASHLTR |
| ISSUE TYPE | Book Built Issue IPO |
| ISSUE OPENS ON | Wednesday, December 13, 2023 |
| ISSUE CLOSES ON | Friday, December 15, 2023 |
| ISSUE PRICE | ₹469 to ₹493 per share |
| ISSUE SIZE | Up to Rs.1,200.00 Crores |
| FACE VALUE | Rs.5 per share |
India Shelter Finance IPO is a book built issue of Rs 1,200.00 crores. The issue is a combination of fresh issue of 1.62 crore shares aggregating to Rs 800.00 crores and offer for sale of 0.81 crore shares aggregating to Rs 400.00 crores.
Thank you for reading this post, don't forget to subscribe!India Shelter Finance IPO bidding opened for subscription on December 13, 2023 and will close on December 15, 2023. The allotment for the India Shelter Finance IPO is expected to be finalized on Monday, December 18, 2023. India Shelter Finance IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 20, 2023.
| MINIMUM BID | 30 shares |
| MINIMUM AMOUNT | Rs.14,790 |
| MAXIMUM BID | 390 shares |
| MAXIMUM AMOUNT | Rs.192,270 |
| PROMOTER HOLDING | 48.17% (Post-issue) |
| LISTING DATE | Wednesday, December 20, 2023 |
| LISTING AT | BSE-NSE |
India Shelter Finance IPO price band is set at ₹469 to ₹493 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,790. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹207,060, and for bNII, it is 68 lots (2,040 shares), amounting to ₹1,005,720.
Objects of the Issue (India Shelter Finance IPO Objectives)
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet future capital requirements towards onward lending, and
- General corporate purposes.
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