India Shelter IPO: The initial public offering (IPO) of India Shelter Finance Corporation Limited Ltd opened for subscribers on 13th December 2023 and it will remain open till 15th December 2023. So, bidding for India Shelter IPO ends today. Hence, primary market investors have just one day in hand to apply for this IPO.
As per the India Shelter IPO subscription status, the public issue worth ₹1,200 crore has received strong response from investors in first two days of subscription. The financial company has fixed India Shelter IPO price at ₹469 to ₹493 per equity share. Meanwhile, shares of India Shelter Finance Corporation Limited are available at a premium of ₹173 in grey market today.
Also Read: DOMS IPO: GMP jumps on strong subscription status. Should you apply as bidding ends today? According to stock market observers, India Shelter IPO grey market premium (GMP) today is ₹173, which is ₹21 higher from its GMP of ₹152 on Wednesday. This means, India Shelter IPO GMP has risen in last two days.
Market observers said that bullish sentiments on Dalal Street and positive response by investors could be the possible reason for rise in India Shelter IPO grey market premium. In first two days of subscription, the public issue has been subscribed near 4 times. The initial offer has been subscribed around 5 times in retail category whereas its NII portion has been subscribed 6.25 times.
The QIB portion of the public issue has been subscribed around 0.65 times in first two days of bidding. By 11:12 AM on day 3 of bidding, the public issue has been subscribed 6.19 times whereas its retail portion has been subscribed 6.49 times. The NII portion of the IPO has been filled 12.59 times while its QIB portion has been subscribed 0.87
. Read more on livemint.com