India Shelter IPO GMP: India Shelter Finance Corporation IPO GMP Today Trend

India Shelter IPO GMP: India Shelter Finance Corporation Limited, a prominent player in the affordable housing finance sector in India, is gearing up for its Initial Public Offering (IPO). In this blog, we will delve into the key details and the Grey Market Premium (GMP) of the India Shelter Finance IPO.

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Overview of India Shelter Finance IPO:

  1. IPO Details: The India Shelter Finance IPO comprises a total issue size of Rs 1,200 crores. This includes a fresh issue of Rs 800 crores and an Offer For Sale (OFS) worth Rs 400 crores.
  2. Subscription Dates: The IPO subscription window is open from December 13 to December 15, 2023.
  3. Face Value: Each share of India Shelter Finance has a face value of Rs 5.
  4. Price Band: The price band for the IPO is set at Rs 469 to Rs 493 per share.
  5. Lot Size: Investors can apply for a minimum of 30 shares, and in multiples of 30 thereafter.

Now, let’s take a closer look at the Grey Market Premium (GMP) of the India Shelter Finance IPO.

Also Read: Upcoming IPOs in December Set to Make Waves in the Market

India Shelter Finance IPO GMP

As of the latest update on December 20, 2023, the Grey Market Premium (GMP) for India Shelter Finance Corporation IPO stands at ₹157. This GMP value indicates the premium at which the IPO shares are being traded in the unofficial and unregulated grey market.

Here’s a summary of the recent GMP trends: [Last Updated: 20 Dec, 2023; 09:05]

GMP DateIPO PriceGMPSub2 Sauda RateEstimated Listing Price
20-12-2023₹493₹1573600/50400₹650 (31.85%)
19-12-2023₹493₹1573600/50400₹650 (31.85%)
18-12-2023₹493₹1603600/50400₹653 (32.45%)
17-12-2023₹493₹1683800/53200₹661 (34.08%)
16-12-2023₹493₹1683800/53200₹661 (34.08%)
15-12-2023₹493₹1433300/46200₹636 (29.01%)
14-12-2023₹493₹1553500/49000₹648 (31.44%)
13-12-2023₹493₹1653800/53200₹658 (33.47%)
12-12-2023₹493₹1453300/46200₹638 (29.41%)
11-12-2023₹493₹1503400/47600₹643 (30.43%)
10-12-2023₹493₹1904300/60200₹683 (38.54%)
09-12-2023₹493₹2205000/70000₹713 (44.62%)
08-12-2023₹493₹0₹493 (0%)
07-12-2023NA₹0₹0 (1%)

Based on the GMP of ₹157 and the price band of ₹493, the estimated listing price for India Shelter Finance Corporation IPO is projected to be ₹650 suggesting a potential gain of 31.85%.

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India Shelter Finance IPO

Understanding IPO Grey Market Premium (GMP):

The Grey Market Premium (GMP) is an unofficial market where IPO shares are traded before their official listing. It provides insights into how the market perceives the IPO’s potential performance on the day of listing. A positive GMP suggests that the IPO may list at a premium, while a negative GMP indicates a potential discount.

However, it’s crucial to note that GMP can be highly volatile and speculative. Making investment decisions solely based on GMP can be risky. Investors should conduct thorough research, consider the company’s fundamentals, and consult financial experts before making investment choices.

Also Read: INOXCVA to Launch IPO in December After Regulatory Approval from SEBI

About India Shelter Finance Corporation:

India Shelter Finance Corporation is an affordable housing finance company in India. Its primary focus is on providing housing finance solutions to self-employed customers in the low and middle-income groups, primarily in Tier II and Tier III cities.

Key highlights of the company include:

  • Extensive network of 183 branches across 15 states.
  • Strong presence in states like Maharashtra, Madhya Pradesh, Karnataka, Rajasthan, and Gujarat.
  • Utilizes a cloud-based integrated customer relationship management and loan management system.
  • Demonstrated financial track record with declining financing costs.

India Shelter IPO Important Dates:

  • IPO Open Date: December 13, 2023
  • IPO Close Date: December 15, 2023
  • Basis of Allotment Finalization Date: December 18, 2023
  • Refunds Initiation: December 19, 2023
  • Credit of Shares to Demat Account: December 19, 2023
  • IPO Listing Date: December 20, 2023

Investors interested in the India Shelter Finance IPO should keep these dates in mind as they plan their investments.

India Shelter IPO

In conclusion, the India Shelter Finance IPO presents an opportunity for investors to participate in the affordable housing finance sector. However, as with any investment, it’s essential to conduct due diligence, consider all factors, and make informed decisions. The Grey Market Premium provides valuable insights but should not be the sole basis for investment choices.

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