India Shelter Finance Corporation IPO GMP History
India Shelter Finance Corporation IPO has been listed on December 20, 2023 at a listing price of ₹620, against the issue price of ₹493 — a gain of ₹127 (+25.76%). The GMP peaked at ₹200 on 11 December 2023 and reached a low of ₹150 on 16 December 2023. The day-wise GMP trend below shows how grey market sentiment evolved from subscription to listing.
India Shelter Finance Corporation IPO raised ₹1200 Cr. through its IPO at a price band of ₹469 to ₹493 per share, with a lot size of 30 shares. The IPO was open for subscription from 13 Dec 2023 to 15 Dec 2023.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
GMP trend
Grey market premium sampled three times a day (11 AM, 5 PM, 10 PM). Last updated 10 Nov, 6:23 PM IST.
Day-wise GMP
The last reading of each day, newest first. Arrows compare with the previous day.
| Date | GMP | ↑↓ | % | Kostak | Sub. Sauda |
|---|---|---|---|---|---|
| 19 Dec 2023 | ₹ 160 | — | 32% | — | — |
| 18 Dec 2023 | ₹ 160 | ▲ | 32% | — | — |
| 16 Dec 2023 | ₹ 150 | ▼ | 30% | — | — |
| 15 Dec 2023 | ₹ 160 | — | 32% | — | — |
| 14 Dec 2023 | ₹ 160 | ▲ | 32% | — | — |
| 13 Dec 2023 | ₹ 150 | ▼ | 30% | — | — |
| 12 Dec 2023 | ₹ 185 | ▼ | 38% | — | — |
| 11 Dec 2023 | ₹ 200 | — | 41% | — | — |
India Shelter Finance Corporation IPO dates
Key dates from opening to listing. Today is 11 November.
- Open 13 Dec 2023
- Close 15 Dec 2023
- Allotment 18 Dec 2023
- Refund/credit 19 Dec 2023
- Listing 20 Dec 2023
India Shelter Finance Corporation IPO actual listing price
How the grey market's final call compared with the listing-day open.
| Issue price | ₹493 |
|---|---|
| GMP-based estimate (pre-listing) | ₹653 (+32.5%) |
| Listing gain / loss | +₹127 per share |
| Listing date | 20 Dec, 2023 |
| Actual listing price | ₹620 (+25.76%) |
Is India Shelter Finance Corporation IPO GMP reliable?
Grey market premium for India Shelter Finance Corporation IPO should be interpreted with caution. The GMP is an unregulated, unofficial market not governed by SEBI. Here's how to read the current signal:
- 01Subscription rate matters: A high GMP paired with strong subscription — especially QIB (Qualified Institutional Buyer) oversubscription — is a more reliable bullish signal than GMP alone. Read our in-depth analysis: GMP vs Subscription Data — Which Predicts Listing Gains Better?
- 02Timing matters: GMP in the first 1–2 days of subscription is less reliable. GMP on the final subscription day and the day before listing tends to be the most accurate predictor.
- 03Grey market is thin: For smaller IPOs, even a handful of large orders can swing the GMP significantly. Treat low-volume GMP signals with extra caution.
- 04Cross-check before acting: Review the India Shelter Finance Corporation IPO full review for a fundamentals-based assessment before making any grey market trades.
India Shelter Finance Corporation IPO Kostak rate explained
Two ways the grey market trades an IPO application before listing.
The Kostak rate for India Shelter Finance Corporation IPO was not available during the subscription period. Kostak is the fixed amount a grey market buyer pays for an IPO application regardless of allotment outcome.
The Subject to Sauda price was not available for this IPO. Subject to Sauda only applies if allotment is confirmed — the buyer pays a premium on top of the issue price per lot allotted.
Grey market trading is unofficial and unregulated by SEBI. Proceed with full awareness of the associated risks.
About India Shelter Finance Corporation IPO
India Shelter Finance Corporation Limited was incorporated as Satyaprakash Housing Finance India Limited on 26 October 1998. It is a retail focused affordable housing finance company.
It had a distribution network of 203 branches on 30 September 2023, backed by technology across its operations and the loan life cycle. As per CRISIL, its AUM grew at a two-year CAGR of 40.8% between FY2021 and FY2023.
Its target customers are self-employed people, with a focus on first-time home loan takers in low and middle income groups in Tier II and Tier III cities. Its promoters are Anil Mehta, WestBridge Crossover Fund and Aravali Investment Holdings.
The IPO was Rs 1,200 crore, with Rs 800.00 crore of fresh issue and Rs 400.00 crore of offer for sale by investors such as Madison India and MIO Starrock. Rs 640.00 crore was planned for onward lending.
Frequently asked
What is the GMP of India Shelter Finance Corporation IPO?
The current Grey Market Premium (GMP) of India Shelter Finance Corporation IPO is ₹ 160.
What is the Kostak Price of India Shelter Finance Corporation IPO?
Kostak rate is the profit made by selling an IPO application before allotment. The current Kostak rate for India Shelter Finance Corporation IPO is not available.
What is the Subject to Sauda Price of India Shelter Finance Corporation IPO?
Subject to Sauda is the premium amount decided if the allotment is confirmed. The current Subject to Sauda rate is not available.
What was the actual listing price of India Shelter Finance Corporation IPO?
India Shelter Finance Corporation IPO listed on December 20, 2023 at ₹620, against the issue price of ₹493 — a gain of +25.76%.
How did the GMP of India Shelter Finance Corporation IPO trend before listing?
The GMP of India Shelter Finance Corporation IPO was stable in its final days before listing. The GMP peaked at ₹200 on 11 December 2023. View the day-wise table above for the complete GMP history.
Explore India Shelter Finance Corporation IPO further
The grey market is one signal. Read it alongside the demand, the reviews and the filings before you decide.
It has listed — go back to the fundamentals.
Category-wise demand from QIB, NII and retail investors, updated through the day.
What brokers and analysts are saying about this issue, in one place.
Check with your PAN whether shares were credited to your demat account.
The grey market called it. Now check the fundamentals.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Read the grey market alongside the subscription book and the offer document before you apply.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
