India Shelter share price debuts at 25% premium, should investors buy, sell or hold? Experts answer

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₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share. However, soon after the listing, India Shelter share price declined more than 8% as investors took some profit off the table. Analysts believe investors of India Shelter Finance IPO should book part profit after share listing and can keep the rest of the shares for the long term.

Catch India Shelter Share Price Live Updates here “India Shelter Finance Corporation Ltd did a stellar debut delivering returns to its investors. The company is one of the fastest growing assets under management among housing finance companies in India, it offers extensive and diversified Phygital distribution network with significant presence in Tier II and Tier III cities, in-house origination model to ensure efficient, robust underwriting, collection and risk management systems, with technology and analytics-driven company with scalable operating mode, and diversified financing profile with a demonstrated track record of reducing financing costs," said Mahesh Ojha, AVP – Research & Business Development, Hensex Securities Pvt Ltd. He suggests investor shall book at least 50% profits on the listing day itself rest can be held for long term investment On BSE, India Shelter Finance share price began trading at a premium of 24.28% at ₹612.70 apiece.

At 12:10, India Shelter Finance shares were trading 8.27% lower at ₹562.00 apiece on the BSE. The stock was down 9.18% at ₹563.10 apiece on NSE. Read here: India Shelter Finance shares list with over 25% premium at ₹620 apiece on NSE India Shelter Finance IPO opened for subscription on December 15 and concluded on December 18.