Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Affordable housing finance co India Shelter Finance's Rs.1,200-Cr IPO subscribed 36.62 times
The initial public offer (IPO) of India Shelter Finance was subscribed 36.62 times. The retail portion of the public offer was booked 9.79 times and the NII (non-institutional investors) part was subscribed 28.47 times. The part reserved for qualified institutional buyers (QIBs) was subscribed 89.7 times. The public offer comprises a fresh equity issue of INR 800 crore and an offer for sale (OFS) of INR 400 crore. India Shelter Finance is a retail-focused affordable housing finance company. The company offers home loans up to INR 50 lakh to urban households for construction, extension, renovation and purchase of new homes. ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital Company and Ambit Pvt Ltd are the book-running lead managers for the IPO.
From the Venture Intelligence PE-VC Deal Database: India Shelter Finance had raised over USD 113 M from Peak XV Partners, Nexus Venture Partners, Madison India and WestBridge between Jul-10 and Oct-17
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.