Bhubaneswar: India Shelter Finance Corporation Limited, a Gurugram, Haryana based retail focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure, has filed its Draft Red Herring Prospectus (“DRHP”) with market regulator Securities and Exchange Board of India (“SEBI”).
The Company plans to raise funds through offer of equity shares (face value ₹ 5 each) through initial public offerings aggregating up to ₹ 1800 Crore. The offer comprises of fresh issue of equity shares aggregating up to ₹ 1000 crore (The “Fresh Issue”) and offer for sale by Selling Shareholders (The “Offer for Sale”) aggregating up to ₹ 800 crore.
The company proposes to utilize net proceeds from fresh issue to — (i) meet future capital requirements towards onward lending; and (ii) general corporate purposes.
The Offer for Sale comprises of equity shares aggregating up to ₹ 49.00 million by Catalyst Trusteeship limited (as trustee of Madison India opportunities trust fund),; aggregating up to ₹ 2,945.00 million by Madison India opportunities; aggregating up to ₹ 784.00 million, by Mio Starrock; aggregating up to ₹ 1,372.00 million by nexus ventures iii ltd; aggregating up to ₹ 2,205.68 million and by nexus opportunity fund ii,. aggregating up to ₹ 644.32 million by Nexus Opportunity Fund iI (collectively, the “investor selling shareholders” or the “selling shareholders”) (“the offer for sale”).
The Equity Shares that will be offered through the Red Herring Prospectus are proposed to be listed on the BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”)
ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Ambit Private Limited are the Book Running Lead Managers to the issue.
- Home
- Uncategorized
- INDIA SHELTER FINANCE CORPORATION LIMITED FILES DRHP WITH SEBI FOR UP TO Rs.1800 CRORE IPO
Related Post
Indiastat Ventures into e-Learning with Two High-Impact Courses
Share ItINDIASTAT – the market leader in providing comprehensive socioeconomic and electoral statistical information about India, its states, regions, districts…
Honda Motorcycle and Scooter India introduces the ‘Activa Limited Edition’
Share ItNew Delhi: Honda Motorcycle & Scooter India (HMSI), the country’s largest scooter manufacturer, today introduced the Activa Limited Edition.…
Now watch 10 movies a month at Rs. 69.90 each with PVR INOX Passport
Share ItBhubaneswar: The love of cinema among Indians is unwavering. For many, watching new releases in theatres is the highlight…
Adani Group Commissions India’s First Transnational Power Project
Share ItAdani Group Chairman meets with the Prime Minister of Bangladesh Visit follows full load commencement of Godda plant to…
Lifestyle launches new Spring/Summer collection
Share ItBhubaneswar: Lifestyle, India’s leading fashion destination for the latest trends, launches its Spring/Summer Collection. A perfect combination of high…
Recent post
-
Global Uniform Industry to Gather at Nesco, Mumbai This November
September 25, 2025 -
Mass Clean-Up at Kharabela Bhawan under Swachhata Hi Seva
September 25, 2025 -
Ola Celebrates India with Affordable EVs This Season
September 25, 2025
Timeline Posts
-
11:58 am - September 25, 2025
NSE registered investor base crosses 12 crore (120 million) unique investors (unique PANs)
-
11:48 am - September 25, 2025
Ather Energy Expands Its Presence With its First Experience Centre in Cuttack, Odisha
-
10:37 am - September 25, 2025
Global Uniform Industry to Gather at Nesco, Mumbai This November
-
10:18 am - September 25, 2025
Mass Clean-Up at Kharabela Bhawan under Swachhata Hi Seva
-
10:03 am - September 25, 2025
Ola Celebrates India with Affordable EVs This Season