India Shelter Finance, a housing finance company, is set to launch its IPO on Wednesday, 13th December. The IPO will remain open for investment until 15th December. The company aims to raise Rs. 1,200 crore through the IPO, with the price range set at Rs. 469-493 per share. The IPO will open for anchor investors on 12th December. It will consist of 800 crore rupees worth of new shares and 400 crore rupees worth of offer for sale shares. 50% of the shares will be reserved for qualified institutional buyers, 35% for retail investors, and the remaining 15% for non-institutional investors.
The IPO of India Shelter Finance will follow the T+3 listing rules, which means the allocation of shares will be determined by 18th December. Investors can bid for a minimum of 30 equity shares and in multiples thereafter. Currently, the grey market premium (GMP) for India Shelter Finance shares is zero, indicating a lack of investor interest. The IPO registrar is Karvy Fintech Limited, and the shares will be listed on both BSE and NSE. The expected listing date for the IPO is 20th December, as it adheres to the T+3 listing rules.
India Shelter Finance IPO is scheduled to open on Wednesday, December 13. The IPO will remain open for investment until December 15. The company aims to raise INR 1,200 crores through the IPO. The price per share for the IPO has been set at INR 469-493 per share. The IPO for anchor investors will open on December 12. The IPO will consist of 800 crores worth of new shares and 400 crores worth of shares for sale. 50% of the shares in the IPO are reserved for institutional investors, 35% for retail investors, and the remaining 15% for non-institutional investors. The distribution of India Shelter’s shares will be determined by December 18. Investors can bid for a minimum of 30 equity shares and in multiples thereafter. Currently, the GMP (Grey Market Premium) for India Shelter Finance’s shares is showing zero, indicating that there is no premium in the grey market for these shares. The IPO registrar for India Shelter Finance is Karvy Fintech Technologies Limited. The shares will be listed on the BSE and NSE. The expected listing date for the IPO is December 20, as it falls under the T+3 listing rules.
People Can Find This Information Useful for: Keywords: India Shelter Finance, IPO, housing finance company, Wednesday, 13 December, investment, 15 December, company, Rs 1,200 crore, share price, anchor investors, new shares, offer for sale, eligible institutional buyers, retail investors, non-institutional investors, listing, T+3 listing rules, allocation, minimum 30 equity shares, GMP, grey market premium, IPO registrar, Caffeine Technologies Limited, BSE, NSE, listing date, 20 December.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
