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India Shelter Finance IPO Receives Positive Response from Retail Investors
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India Shelter Finance saw a positive response from retail investors on the first day of its initial public offering (IPO). The IPO, which opened for subscription and will remain open until Friday, December 15, saw a healthy level of interest from retail investors.

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Company Aims to Raise Funds of Ôé╣1,200 Crore
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Through the IPO, India Shelter Finance aims to raise Ôé╣800 crore via the issuance of fresh equity shares, while existing shareholders and promoters are divesting stake worth Ôé╣400 crore, resulting in a total IPO size of Ôé╣1,200 crore.

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Price Band and Investment Details
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The price band for the IPO offer has been fixed at Ôé╣469ÔÇô493 per equity share, with a face value of Ôé╣05 each. Retail investors have the opportunity to submit bids for up to 13 lots, with each lot containing 30 shares, requiring a minimum investment of Ôé╣14,790 per lot at the upper end of the IPO price band.

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India Shelter Finance: A Housing Finance Specialist
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India Shelter Finance Corporation, regulated by the National Housing Bank (NHB), specializes in providing loans and advances for housing activities, catering to the housing finance needs of self-employed individuals and first-time home loan applicants in the low and middle-income groups.

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Subscription Status and Brokerage Views
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The IPO was fully subscribed on the first day, with strong demand in the retail segment and positive assessments from brokerage firms, recommending a ‘Subscribe’ rating for the IPO based on the company’s solid fundamentals and growth potential.

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In addition to the expanded content addressing the IPO details and the assistance provided by AI legalese decoder, the inclusion of the disclaimer and the milestone alert adds further context and relevant information to the original content.

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