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IPO Synopsis

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  • IPO Synopsis

IPO

India Shelter Finance Corporation Ltd
Initial public offering of 24,340,768^ equity shares of face value of Rs. 5 each ("Equity Shares") of India Shelter Finance Corporation Limited (The "Company" or the "Issuer") for cash at a price of Rs. 493.00 per equity share of face value of Rs. 5 each including a securities premium of Rs. 488.00 per equity share (the "Offer Price") aggregating to Rs. 1200.00 crores^ (the "Offer"). The offer comprises of a fresh issue of 16,227,180^ equity shares of face value of Rs. 5 each by the company aggregating to Rs. 800.00 crores^ (the "Fresh Issue") and an offer for sale by Catalyst Trusteeship Limited (as trustee of micp trust) of 405^ equity shares of face value of Rs. 5 each aggregating to Rs 0.02 crores^, by catalyst trusteeship limited (as trustee of madison india opportunities trust fund) of 3,474,442^ equity shares of face value of Rs. 5 each aggregating to Rs. 171.29 crores^, by Madison India Ppportunities iv of 1,104,056^ equity shares of face value of Rs. 5 each aggregating to Rs. 54.43 crores^, by Mio Starrock of 644,219^ equity shares of face value of Rs. 5 each aggregating to Rs. 31.76 crores^ and by Nexus Ventures iii, Ltd. of 2,890,466^ equity shares of face value of Rs. 5 each aggregating to Rs. 142.50 crores^ (collectively, the "Investor Selling Shareholders" or the "Selling Shareholders") ("The Offer for Sale"). The offer constitutes 22.74% of the post-offer paid up equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is 98.60 times the face value of the equity shares. ^Subject to finalisation of basis of allotment. i
Issue
Opens On Closes On
13-Dec-23 15-Dec-23
Money Payable On
Application Allotment
493.00 0.00
Minimum Application for shares in Nos : 30 Further Multiples of : 30
Cr Lead Managers to the Issue
Project Cost (.Cr) 750.92 Ambit Pvt Ltd
Project Financed through Current Offer (.Cr) 1200.00  
Post Issue Equity Share Capital (.Cr) 53.53
Issue Price () 493.00
Projects
To meet future capital requirements towards onward lending
General corporate purposes
Promoted By
Anil Mehta
Westbridge Crossover Fund LLC
Aravali Investment Holdings
Listing At
BSE
NSE
Registrar to the Issue
No Data Available