India Shelter Finance Corporation IPO
India Shelter Finance Corporation Limited (INDIASHLTR) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 20 December 2023.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +22.6% (likely range +22% to +30%), day's high +36.1%, chance of a gain 92%. Actual: +25.8% at the open, +27.8% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 51,17,272 | 45,90,12,960 | 89.7x | |
| NII (HNI) total | 38,37,953 | 10,94,12,700 | 28.5x | |
| Big NII (above ₹10 lakh) | 25,58,635 | 7,24,51,200 | 28.3x | |
| Small NII (₹2-10 lakh) | 12,79,318 | 3,69,61,500 | 28.9x | |
| Retail | 89,55,224 | 8,90,97,360 | 9.95x | |
| Total | 1,79,10,449 | 65,75,23,020 | 36.7x |
Bids on NSE and BSE together, as published by NSE, as of 15 Dec 2023, 07:00 PM. Shares offered exclude the anchor portion. 15% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to India Shelter Finance Corporation's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Yatharth Hospital and Trauma Care ServicesJul 2023 | 85.1x | 37.2x | 8.34x | 36.2x | ₹705 Cr | +2.0% | +14.4% |
| Rishabh InstrumentsSep 2023 | 72.5x | 31.3x | 8.44x | 31.7x | ₹491 Cr | +4.3% | +6.6% |
| Flair Writing IndustriesNov 2023 | 116x | 33.4x | 13.0x | 46.7x | ₹626 Cr | +64.8% | +69.2% |
| Electronics Mart IndiaOct 2022 | 62.3x | 24.5x | 12.8x | 29.4x | ₹527 Cr | +52.5% | +54.2% |
| Campus ActivewearApr 2022 | 152x | 22.3x | 7.68x | 51.8x | ₹1,400 Cr | +23.3% | +43.1% |
| Syrma SGS TechnologyAug 2022 | 87.6x | 17.5x | 5.53x | 32.6x | ₹911 Cr | +18.2% | +41.8% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| ICICI Securities | 109 | +21.3% | 69% |
| Citigroup Global Markets India | 35 | +14.2% | 63% |
| Kotak Mahindra Capital Company | 83 | +20.8% | 76% |
Offer documents (NSE)
Frequently asked
What is the India Shelter Finance Corporation IPO price band and lot size? ₹469–493 per share, with a lot of 30 shares, so the smallest retail bid is ₹14,790.
How many times has it been subscribed? 36.7x overall: QIB 89.7x, NII 28.5x, retail 9.95x.
How did it list? It opened at ₹620, +25.8% against the issue price of ₹493, and closed its first day +10.5%.
