The basis of allotment for the Initial Public Offering (IPO) of India Shelter Finance Corporation Limited has been finalised on Monday, 18th December 2023 and the allotment status made available on Registrar as well as NSE/BSE websites. The India Shelter Finance Corporation’s RHP document filed with SEBI shows the IPO allotment date as 18th December and the listing date as 20th December 2023. Kfin Technologies (Kfintech) is the registrar for the India Shelter IPO and will oversee the allotment finalisation.
The investors can check the India Shelter Finance IPO allotment status by visiting the website of Kfin Technologies after entering the required details such as PAN, Application number or Demat account. The allotment status can also be checked through the NSE website at this link.
Once the allotment is finalised, the successful bidders will get the shares credited to their Demat accounts on 19th December 2023. The refunds to unsuccessful bidders will also be initiated on 19th December 2023. India Shelter Finance Corporation will get listed on the NSE and BSE on 20th December 2023 as per the tentative date given in the RHP document.
Read: SJ Logistics IPO allotment status
The shares of the India Shelter Finance Corporation IPO were subscribed a total of 38.59 times. The demand was strongest among Qualified Institutional Investors (QIBs) with 94.29 times, followed by Non-Institutional Investors (NIIs) portion being subscribed 29.97 times. The retail portion was subscribed 10.46 times.
Overall, the Rs 1,200 crore IPO received total bids worth Rs 32,415 crore. A total of 25,73,896 applications were received for the IPO. India Shelter Finance Corporation IPO was one of the two mainline IPOs that were open for subscription during last week. DOMS Industries IPO was subscribed 99 times and its allotment will be finalised on the same date – 18th December.
The Rs 1,200 crore IPO of India Shelter Finance Corporation comprises of a fresh issue of 1.62 crore shares worth Rs 800 crore and an offer for sale of 81 lakh shares worth Rs 400 crore. The shares of the IPO were priced in the range of Rs 469 to Rs 493 at a face value of Rs 5 per share.
