India Shelter Finance IPO allotment: Check application status with these steps
The much-awaited IPO share allotment of India Shelter Finance Corporation is all set to be finalised today (December 19) ahead of its listing, and investors who participated in the bidding process will soon be able to check their application status.
This can be done by visiting the official websites of stock exchanges, the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE). They can also visit the website of the IPO’s registrar, Kfin Technologies Ltd.
Choose “India Shelter Finance Corporation” in the “Select IPO” dropdown.
Select the appropriate option (Application No, Demat Account, or PAN) for checking the status.
Enter the required details based on your selected option.
Enter the Captcha and click Submit.
Your India Shelter IPO allotment status will be displayed on the screen.
India Shelter IPO allotment status on BSE’s website:
Visit the BSE allotment page
Under ‘Issue Type,’ select ‘Equity.’
Choose the IPO from the dropdown under ‘Issue Name.’
Enter PAN or application number.
Confirm your identity by clicking ‘I am not a Robot’ and then click ‘Submit.’
Refund process and listing date
The refund process for applicants not allotted shares is scheduled to commence on December 19, while those allocated shares will see them credited to their demat accounts on the same day.
The India Shelter IPO is slated for listing on Wednesday, December 20.
India Shelter Finance IPO GMP
India Shelter Finance IPO Grey Market Premium (GMP) today stands at Rs 160 per share, indicating that there has been a slight drop in the premium over the issue price in the grey market.
This suggests an estimated listing price of Rs 653 per share, reflecting a 32.45 per cent premium over the issue price of Rs 493.
Key IPO details
The India Shelter Finance Corporation IPO opened for subscription on December 13 and closed on December 15. It witnessed a strong demand as it was oversubscribed by 36.62 times.
The IPO’s price band was fixed at Rs 469 to Rs 493 per share, with a total valuation of Rs 1,200 crore. The IPO comprises a fresh issue of 1.62 crore equity shares amounting to Rs 800 crore and an offer for sale (OFS) of 81 lakh equity shares totaling Rs 400 crore.