Shares of DOMS Industries were listed at ₹1,400 against the issue price of ₹790, while India Shelter Finance stock debuted at ₹620 over the IPO price of ₹493 on the NSE.
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.
