India Shelter Finance IPO: Earning opportunity! IPO worth Rs 1200 crore of this finance company is opening on 13th, know details

India Shelter Finance IPO: Next week is going to be very important from the point of view of IPO. A total of 6 IPOs are going to open next week along with 2 main companies. This also includes the IPO of finance company India Shelter Finance. The company has decided the price band and lot size etc. of the IPO. If you are also thinking of investing in it, then we are giving you information about its details.

What is the size of the IPO?

India Shelter Finance Corporation is coming with an IPO of Rs 1200 crore. Out of this, fresh shares worth Rs 800 crore will be issued. At the same time, shares worth Rs 400 crore will be issued through offer for sale. The company informed that 50 percent of the offer has been reserved for qualified institutional buyers, 15 percent for high net worth individuals and 35 percent for retail investors. In this IPO you will have to buy a lot of at least 30 shares.

What is the fixed price band?

The company has also fixed the price band of the shares. It has been fixed between Rs 469 to Rs 493 per share. At the same time, according to chittorgarh.com, this IPO of Rs 1200 crore is opening on December 13, 2023. You can bid in this till 15th December. After the implementation of T+3 rule, allotment of shares will take place on December 18, 2023. Those who will not get the subscription will get a refund on December 19. The shares will be transferred to the demat account on December 19. Listing of shares in NSE and BSE will take place on December 20, 2023.

What is the condition of GMP?

According to Investorgain.com, the IPO of India Shelter Finance Corporation is indicating good earnings on GMP (grey market). At present its GMP remains stable at the level of Rs 220. If the same situation continues till the day of listing, then the IPO can be listed with a premium of 44.62 percent.

What does the company do?

India Shelter Finance is a financial company, which was established in 1998. The company will meet its money needs through IPO. Along with this, our corporate needs will also be fulfilled through IPO.

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