India Shelter Share Price Live Updates: India Shelter Finance lists with over 25% premium at ₹620 apiece on NSE

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₹1,200 crore. India Shelter IPO listing is expected to be at a decent premium as the GMP today, or grey market premium today, indicates India Shelter shares to list higher by around 32% that their issue price.India Shelter Finance Corporation made a decent stock market debut on Wednesday, December 20.

India Shelter Finance shares were listed ₹620 apiece on NSE, a premium of 25.76% to the issue price of ₹493 per share.On BSE, India Shelter Finance share price began trading at a premium of 24.28% at ₹612.70 apiece.The ₹1,200 crore India Shelter IPO was a combination of fresh issue of 1.62 crore equity shares aggregating to ₹800 crore and an offer for sale (OFS) of 81 lakh shares aggregating to ₹400 crore.Arun Kejriwal, Founder of Kejriwal Research & Investment Services said that the response to Indian Shelter was far lower than what DOMS Industries had received in terms of subscription.“Secondly, the business in which India Shelter is, that is home loan finance, is a very competitive industry with a number of players including NBFCs, housing finance cos, and banks whether private or public, all offering loans. Compared to the listing you would see similar listing gains on the share.

I believe a premium of about ₹150 or ₹170 to the IPO price is what one should expect when India Shelter lists," he added.Avinash Gorakshakar, Head Research of Profitmart Securities expects India Shelter Finance to get listed at a significant premium. “Firstly it has been oversubscribed about 36 times and the company's business is also very well established.

I think you should be able to get at least minimum 50%-60% listing gains immediately, it could be even more. But conservatively 50-60% is most likely.