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India Shelter Finance Corporation IPO: A Look at the Details India Shelter Finance Corporation (ISFI) is an affordable housing finance company that is planning to raise ₹1,800 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares worth ₹1,000 crore and an offer for sale (OFS) of ₹800 crore by existing investors. ISFI was founded in 2011 by WestBridge Capital and Nexus Venture Partners. The company provides housing loans to self-employed individuals and first-time homebuyers in low and middle-income groups. ISFI has a strong track record of growth, with its assets under management (AUM) increasing from ₹1,000 crore in FY21 to ₹2,500 crore in FY22. The IPO proceeds will be used to fund ISFI's future growth plans, including expanding its branch network, developing new products, and increasing its lending capacity. The company is also looking to expand into new markets, such as the Northeast and the BIMARU states. The IPO is expected to open for subscription in the first week of September 2023. The price band for the IPO has not yet been announced. Know more about India Shelter Finance Corporation IPO. Here are some key details about the India Shelter Finance Corporation IPO: Issue size: ₹1,800 crore Fresh issue: ₹1,000 crore OFS: ₹800 crore Lead managers: ICICI Securities, Citigroup Global Markets India, Kotak Mahindra Capital Company, and Ambit Expected date of opening for subscription: First week of September 2023 Price band: To be announced
The India Shelter Finance Corporation IPO is a good opportunity for investors to participate in the growth of the affordable housing sector in India. The company has a strong track record of growth and a clear strategy for future expansion. The IPO is expected to be well-received by investors, and the company is likely to achieve its fundraising goals. Apply for India Shelter Finance Corporation IPO now.
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