India Shelter Finance IPO GMP Today ( Grey Market Premium )

The India Shelter Finance IPO commenced on December 13, 2023, and concluded on December 15, 2023. The allotment of shares took place on December 18, 2023, and the initiation of refunds began on December 19, 2023. The shares were credited to the demat accounts of investors on December 19, 2023. Finally, the listing of India Shelter Finance on the stock exchange occurred on December 20, 2023.

The India Shelter Finance IPO was priced at ₹469 to ₹493 per share, with a lot size of 30 shares. The total issue size was ₹1200 crores, comprising a fresh issue of ₹800 crores and an offer for sale of ₹400 crores. The IPO was listed on both the NSE and BSE.

In terms of quota reservations, the QIB (Qualified Institutional Buyers) quota was reserved for 50% of the shares, the NII (Non-Institutional Investors) quota was reserved for 15% of the shares, and the retail quota was reserved for 35% of the shares.

India Shelter IPO Basic Details

India Shelter Finance IPO GMP Today:

India Shelter Finance IPO Details:

India Shelter Finance Corporation Limited started its journey in 1998, and its main focus is helping people with their housing needs. Whether you’re building a new house, expanding your current one, renovating, or buying a new home or plot, they’ve got you covered. They also provide loans against property.

You can borrow anywhere between Rs. 5 Lakhs to Rs. 50 Lakhs from them, and you get up to 20 years to pay it back. By the end of November 2023, IndiaShelter has given out over Rs. 5500 Crores in loans, making it possible for many families to own, expand, or enhance their homes.

They have a wide presence, with 183 branches across 15 states like Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The number of branches has grown from 115 in March 2021 to 130 in March 2022, and finally to 183 in March 2023.

India Shelter Finance Corporation Limited has more than 300 collection officers working in-house as of March 31, 2023, to assist borrowers.

To make their customers even happier, India Shelter has introduced iServe, a special customer service app. This app is designed to quickly address the questions and concerns of existing customers.

As of March 31, 2023, almost all (97.5%) of the company’s borrowers included one or more women, and 71.3% of their customers were first-time home loan recipients.

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