The ₹1,200 crore IPO of India Shelter Finance was subscribed 36.7 times at a price band of ₹469-493 per share. As per the NSE data, the issue received bids for 65.75 crore shares against 1.79 crore shares on offer. The portion for retail investors was booked 9.95 times, while quotas for non-institutional investors (NII) and qualified institutional buyers (QIB) were subscribed 28.51 times and 89.7 times, respectively. The company had reserved half of the issue for QIB, 15% for NII, and the remaining 35% for retail investors.

On the other hand, the issue of DOMS was booked 99.34 times on the final day of subscription, with the quota for retail investors receiving 73.38 times bids. The category for QIB was subscribed 122.16 times and that of the NII segment by 70.06 times. As per the offer document filed with SEBI, the company has reserved 75% of the issue for QIBs, 15% for NIIs, and the remaining 10% for retail investors, which includes a reservation of ₹5 crore worth of shares for employees of the company, who will get these shares at a discount of ₹75 each to the final issue price.

Incorporated in 2006, DOMS aims to use funds raised through the fresh issue to fund the cost of establishing a new manufacturing facility, to expand the company’s production capabilities for a wide range of writing instruments, water colour pens, markers, and highlighters, as well as for general corporate purposes. The Gujarat-based company is a leading player in the Indian stationery and art products market.

Meanwhile, India Shelter Finance intends to use the funds raised from the issuance of fresh equities to meet future capital requirements toward onward lending. The fund will be partially utilised for general corporate purposes. Established in 1998, the company provides home loans and loans against property to customers in the low and middle-income segments.

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India Shelter Finance listing

DOMS shares list at 77% premium over IPO price; India Shelter debuts 25.7% higher