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The IPO received bids for 7,80,12,780 shares on Day 02, as against the 1,79,10,449 shares available for subscription, resulting in a subscription rate of 4.36 times. ....
India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors. ....
India Shelter Finance Corporation is a housing finance company regulated by the National Housing Bank, specialises in providing loans and advances for housing activities. The company caters to the housing finance needs of customers, focusing primarily on self-employed individuals. ....
The initial public offer (IPO) of India Shelter Finance was subscribed 67% so far on the first day of the bidding process. The issue closes on December 15. ....
The India Shelter Finance IPO has garnered positive previews from analysts, who have cited the company’s financial performance, technology-driven operations, and a scalable business model offering future growth prospects. ....