Should You Invest In India Shelter Fin? Hear Directly From The Management About Its Potential

India Shelter Finance Corporation's initial public offering (IPO) commences for bidding on Wednesday, December 13. The company plans to sell its shares within the price range of Rs 469-493 per share, with a lot size of 30 equity shares. The bidding period for the three-day offer will conclude on Friday, December 15. Established in 1998, India Shelter Finance Corporation specializes in housing finance, providing loans for house construction, extension, renovation, and the acquisition of new homes or plots. The company also extends loans against property (LAP) ranging from Rs 5 lakh to Rs 50 lakhs, with a repayment tenure of up to 20 years. The IPO aims to raise Rs 1,200 crore, comprising a fresh share sale of Rs 1,200 crore, while existing investors, including Catalyst Trusteeship, Madison India Opportunities IV, MIO Starrock, and Nexus Ventures, will offload shares worth Rs 400 crore through an offer-for-sale (OFS).