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.
By 11:16 AM on the first day of bidding, the public issue had achieved a subscription rate of 28 percent. The retail portion subscribed to 46 percent. Meanwhile the NII portion of the book build issue reached a subscription rate of 23 percent.
The financial company aims to raise Rs 1,200 crore from its public offer.
It has appointed KFin Technologies Limited as its official registrar.
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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