India Shelter Finance Corporation IPO booked 36.62 times on Day 3
by mydhanush on 15 December 2023, 3 min read
India Shelter Finance Corporation IPO backed by WestBridge Capital and Nexus Venture Partners-backed opened for subscription on December 13. The issue will close today, December 15, 2023.
The Rs 1,200 crore public offer consists of a fresh issue of 1.62 crore shares worth Rs 800 crore and an offer-for-sale of 81.13 lakh shares worth Rs 400 crore. The company has set the price band for the issue at Rs 469-493 per share.
Catalyst Trusteeship (as trustee of Madison India Opportunities Trust Fund) and Nexus Ventures III are the biggest selling shareholders in the OFS, offloading Rs 171.3 crore and Rs 142.5 crore worth of shares, respectively.
The company has scheduled the offer to close on December 15, and it anticipates listing the shares on the bourses by December 20.
The company has fixed India Shelter Finance IPO price band at Rs 469 to Rs 493 per equity share.
On the final bidding day, the public issue experienced oversubscription by 36.62 times. The retail portion was subscribed 9.79 times. The NII (Non-Institutional Investor) portion of the book build issue saw a subscription of 28.47 times.
The financial company aims to raise Rs 1,200 crore from its public offer.
It has appointed KFin Technologies Limited as its official registrar.
The company has an annual AUM growth of around 41 percent over the last three years.
Disclaimer: The information provided in this blog post is for informational purposes only and should not be construed as investment or trading advice. The author is not a financial advisor and does not have any professional qualifications in this area. The author does not guarantee the accuracy or completeness of the information provided. Any action you take based on the information in this blog post is done at your own risk. Please consult with a financial advisor before making any investment decisions.
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