India Shelter IPO subscribed 1.5 times; DOMS booked 6x on Day 1
DOMS has set the IPO price band at ₹750-790 per share, while that of India Shelter Finance at ₹469-493 apiece.
DOMS has set the IPO price band at ₹750-790 per share, while that of India Shelter Finance at ₹469-493 apiece.
Ahead of the opening of IPOs, India Shelter Finance and DOMS Industries shares were commanding GMP of 29.41% and 62.6%, respectively, in the grey market.
The Gurugram-based affordable housing financer has reduced its IPO size by one-third from ₹1,800 crore mentioned in the DRHP filed with the SEBI in August this year.
India Shelter Finance received SEBI’s observation letter on Nov 13, Onest and DOMS Industries on Nov 16; and Jana Small Finance Bank on Nov 7.
The company aims to empower women by ensuring that a majority of its loans have women as the first applicants, says MD & CEO Rupinder Singh.