India Shelter Finance Corporation Limited, a key player in the housing finance sector, has concluded its eagerly awaited public offering (IPO) with the subscription window closing last Friday. The IPO has been a resounding success, with a subscription rate of 36.62 times over the three-day bidding period from December 15 to December 18, 2023.

With the implementation of the T+3 schedule on December 1, 2023, the allotment of shares is likely to be finalized today, and the shares are expected to be credited to investors’ accounts by the following Monday.

India Shelter IPO Subscription Status:

On the final day, the IPO received bids for a staggering 65,59,44,390 shares against the 1.79 crore shares on offer. The retail investor segment subscribed 9.79 times, while non-institutional investors and qualified institutional bidders (QIBs) subscribed 28.47 and 38.60 times, respectively.

See also: Sajjan Jindal’s Denial Of Sexual Assault, Adani’s IANS Takeover And Other Stories From Weekend You Can’t Miss

How to Check India Shelter IPO Allotment Status:

Investors can check their allotment status online by following these steps on the BSE website:

Step 1: Visit the BSE IPO Allotment page: BSE India.

Step 2: Select ‘Equity' under ‘Issue Type'.

Step 3: Choose ‘India Shelter' from the ‘Issue Name' dropdown.

Step 4: Enter your application number or PAN Number.

Step 5: Complete the captcha verification and click ‘Search'.

Step 6: The allotment status will be displayed on the screen.

About India Shelter Finance Corporation:

India Shelter Finance Corporation is a housing finance company regulated by the National Housing Bank (NHB). It specializes in providing loans for housing activities, primarily catering to self-employed individuals in low and middle-income groups. The company has a strong focus on Tier II and Tier III cities in India, offering financial solutions for first-time home loan applicants.

Read Next: Ola's Homegrown ChatGPT Alternative ‘Krutrim AI' Just Launched: Here's Everything You Need To Know