Here’s The New IPO : India Shelter Finance Corporation Ltd. (Check out the details)
India Shelter Finance IPO is a book-built issue aiming to raise Rs 1,200.00 crores. The offering consists of a fresh issue of 1.62 crore shares, totaling Rs 800.00 crores, and an offer for sale of 0.81 crore shares, aggregating to Rs 400.00 crores.
Important Dates:
| Opening Date | 13 Dec 2023 |
| Closing Date | 15 Dec 2023 |
| Allotment Date | 18 Dec 2023 |
| Listing Date | 20 Dec 2023 |
| Issue Price | ₹469 to ₹493 per share |
| Minimum Lot Size | 30 Shares |
Subscription Details:
| Total Issue Size | 24,340,771 shares (aggregating up to ₹1,200.00 Cr) |
| Fresh Issue | 16,227,181 shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 10,759,493 shares of ₹10 (aggregating up to ₹850.00 Cr) |
Reservation Details:
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Lot Size of DOMS IPO:
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 30 | ₹14,790 |
| Retail (Max) | 13 | 390 | ₹192,270 |
| S-HNI (Min) | 14 | 420 | ₹207,060 |
| S-HNI (Max) | 67 | 2,010 | ₹990,930 |
| B-HNI (Min) | 68 | 2,040 | ₹1,005,722 |
Current GMP (12-12-2023):
₹145, Expected returns is +29% from current market price.
Registrar:
Kfin Technologies Ltd is the registrar for the issue.
About ISFC Limited:
Established in 1998, India Shelter Finance Corporation is a prominent player in the affordable housing finance sector. The visitor specializes in offering financial solutions primarily in the form of housing loans, constituting approximately 58% of its Assets Under Management (AUM). Additionally, a significant portion of its portfolio includes loans versus residential properties, making up the remaining 42%.With a comprehensive footprint, India Shelter Finance Corporation operates in 15 states wideness the country. This strategic presence allows the visitor to imbricate nearly 94% of the Indian housing finance market, positioning itself as a key freelancer to the growth and minutiae of the affordable housing sector.India Shelter Finance Corporation’s transferral to providing financial assistance for housing underscores its role in addressing the hair-trigger need for affordable housing solutions in the country. By focusing on both housing loans and loans versus residential properties, the visitor caters to a diverse range of customers with varying financial needs related to housing.The company’s operations uncurl with the broader mission of supporting individuals and families in realizing their dream of owning a home. By extending financial services to those who aspire to own a house, India Shelter Finance Corporation plays a vital role in promoting inclusive growth and socioeconomic development.With a substantial presence and a well-rounded portfolio, India Shelter Finance Corporation stands as a reliable and impactful financial partner in the affordable housing finance sector, contributing to the realization of housing aspirations for a significant segment of the population.
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