The retail-focused affordable housing finance company raised Rs 360 crore from anchor investors, including Goldman Sachs, Massachusetts Institute of Technology, NHIT, and Steinberg India
Shares of India Shelter Finance Corporation made a strong debut on bourses on December 20, listing at a 25.7 percent premium to the issue price. The stock started trading at Rs 620 on the National Stock Exchange (NSE) and Rs 612.70 on the BSE against the issue price of Rs 493.
The Rs 1,200-crore public offer was subscribed 36.71 times, receiving bids for 65.75 crore shares against an issue size of 1.79 crore.