India Shelter Finance Corporation Ltd. has announced public offering of 24340771 shares at a price of Rs 5.00 each for Cash at a Premium of Rs 488.00 per share. The gross proceeds of the issue are expected to be Rs 1,20,000.00 lakhs.
The company's initial public offer (IPO) will open on 13 December 2023 and is expected to close on 15 December 2023, subject to customary closing conditions. The price band of the issue has been fixed at Rs 469.00-493.00 per share.
The IPO includes a fresh Issue of 24340771 Equity Shares of the Company at an price of Rs 493.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 30 shares with bids in multiples of 30.
India Shelter Finance Corporation Ltd. anticipates using the proceeds of the issue for .
ICICI SECURITIES LTD,Citigroup Global Markets India Pvt. Ltd.,Ambit Private Limited,Kotak Mahindra Capital Company Limited as lead manager(s) & KFin Technologies Ltd. is the registrar, to the issue.