India Shelter Finance Corporation is likely to announce the basis of allotment of its equity shares today, i.e. is Monday, December 18. The applicants are likely to get emails or messages on the debit of funds or revocation of mandates by Tuesday, December 19. The primary offer by the shadow-lender had received a stellar response from investors.

India Shelter Finance sold its primary stake sale at a price range of Rs 469-493 per share, with a lot size of 30 shares. It ran from December 13 to December 15. The Rs 1,200 crore IPO comprised of a fresh share sale of Rs 800 crore and an offer-for-sale (OFS) of up to 81,13,590 equity shares.

The issue received 36.71 times bids, with the quota reserved for qualified institutional bidders (QIBs) oversubscribing 89.70 times, non-institutional investors 28.51 times, and retail investors 9.95 times.