Meanwhile, the IPO of India Shelter Finance Corporation, which also concluded on Friday, was subscribed nearly 37 times. The QIB was subscribed 89.7 times, the wealthy investor portion 28.5 times, and the retail investor portion 10 times. The Rs 1,200-crore IPO comprises a fresh issue of Rs 800 crore and an offer for sale of Rs 400 crore. The company priced its IPO between Rs 469 to Rs 493 per share. India Shelter Finance is an affordable housing finance company with 203 branches as of September 30, 2023.
Meanwhile, the IPO of Inox India was subscribed seven times on the penultimate day of its issue. The institutional portion was subscribed to 40 per cent, the wealthy investor portion by 13.8 times, and the retail portion by 8.2 times.
Another half a dozen IPOs open for subscription next week.
First Published: Dec 15 2023 | 11:34 PM IST