The India Shelter Finance IPO started on December 13, 2023, and ended on December 15, 2023. Shares were allocated on December 18, 2023, and refund processes began on December 19, 2023. On December 19, 2023, the shares were credited to investors demat accounts. India Shelter Finance was officially listed on the stock exchange on December 20, 2023.
During the IPO, India Shelter Finance offered shares at a price range of ₹469 to ₹493 per share, and the lot size was 30 shares. The total issue size was ₹1200 crores, with ₹800 crores from new shares and ₹400 crores from shares for sale. The IPO was listed on both the NSE and BSE.
Regarding share reservations, 50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
India Shelter IPO Subscription Update Video
India Shelter Finance IPO Subscription Status
The India Shelter Finance IPO on December 15, 2023 was subscribed 38.59 times, with the retail category being subscribed 10.46 times, the NII (Non-Institutional Investor) category being subscribed 29.97 times, the QIB (Qualified-Institutional Buyers) category being subscribed 94.29 times.
| Category | Subscription |
| QIB | 94.29x |
| NII | 29.97x |
| Retail | 10.46x |
| Total | 38.59x |
India Shelter Finance IPO Basic Details
| Company Name | India Shelter Finance Corporation Limited |
| Domain of Company | Home Finance |
| India Shelter Finance IPO Open Date | December 13, 2023 |
| India Shelter Finance IPO Close Date | December 15, 2023 |
| India Shelter Finance IPO Allotment Date | December 18, 2023 |
| India Shelter Finance IPO Listing Date | December 20, 2023 |
| Face Value | ₹5 per share |
| Price | ₹469 to ₹493 per share |
| Lot Size | 30 Shares |
| Issue Size | 24,340,771 shares of ₹5 (aggregating up to ₹1,200.00 Cr) |
| Fresh Issue | 16,227,181 shares of ₹5 (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 8,113,590 shares of ₹5 (aggregating up to ₹400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | NSE, BSE |
| Company Promoters | Anil Mehta, WestBridge Crossover Fund, LLC, and Aravali Investment Holdings |
About India Shelter Finance Corporation Limited
India Shelter Finance Corporation Limited started in 1998 and focuses on helping people with their housing needs. We give out loans for building, expanding, renovating, or buying new homes or plots. We also provide loans against property.
Our loan amounts range from Rs. 5 Lakhs to Rs. 50 Lakhs, and you can pay them back over 20 years. By November 30, 2023, we’ve given out over Rs. 5500 Crores in loans, making it possible for many families to own, expand, or improve their homes.
We have 183 branches in 15 states, including Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. Our branches have increased from 115 in March 2021 to 130 in March 2022, and further to 183 in March 2023.
As of March 31, 2023, we have a team of more than 300 collection officers working in-house.
To make our customers happy, we’ve introduced iServe, a special customer service application. It helps existing customers with their questions and concerns online and promptly.
As of March 31, 2023, 97.5% of our borrowers include one or more women, and 71.3% of our customers are taking a home loan for the first time.
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India Shelter Finance IPO FAQs
What is the start and end date of India Shelter Finance IPO Subscription?
The India Shelter Finance IPO started on December 13, 2023, and ended on December 15, 2023.
When does India Shelter Finance IPO Subscription open?
The India Shelter Finance IPO open on December 13, 2023.
When does India Shelter Finance IPO Subscription close?
The India Shelter Finance IPO Close on December 15, 2023.
What is the allotment date of India Shelter Finance IPO?
The allotment date for India Shelter Finance IPO is December 18, 2023.
When is the initial refund date of India Shelter Finance IPO?
The initial Refund date for India Shelter Finance IPO is December 19, 2023.
When were the shares credited to investors demat accounts for the India Shelter Finance IPO?
The shares for the India Shelter Finance IPO were credited to investors demat accounts on December 19, 2023.
When will India Shelter Finance IPO be listed on the stock market?
India Shelter Finance IPO stock market will be listed on December 20, 2023 at 10 am.
What was the price range of the India Shelter Finance IPO shares?
The India Shelter Finance IPO shares were offered at a price range of ₹469 to ₹493 per share.
What was the lot size for the India Shelter Finance IPO shares?
The lot size for the India Shelter Finance IPO shares was 30 shares.
What was the total issue size of the India Shelter Finance IPO?
The total issue size of the India Shelter Finance IPO was ₹1200 crores.
How were the shares allocated among different types of investors for the India Shelter Finance IPO?
50% of the shares were allocated to Qualified Institutional Buyers (QIB), 15% were reserved for Non-Institutional Investors (NII), and 35% were set aside for retail investors.
On which stock exchanges was the India Shelter Finance IPO listed?
The India Shelter Finance IPO was listed on both the NSE and BSE.
What is the India Shelter Finance IPO Subscription Status?
India Shelter Finance IPO is subscribed 38.59 Times.
