The much-anticipated India Shelter Finance Corporation (ISFCL) IPO share allotment is finally set to be finalized on Monday, December 18th, 2023. This comes after the public issue received a robust subscription of 36.62 times on the last day of bidding, indicating strong investor interest in the affordable housing finance company.
With the allotment process nearing completion, here’s a comprehensive look at what investors can expect:
Allotment Status:
- Investors can check their allotment status online after 10:00 AM IST on Monday on the website of the registrar, Kfin Technologies.
- To check, they will need their PAN number and application details.
Grey Market Premium (GMP):
- As of Friday, December 16th, the GMP for ISFCL shares stood at ₹37 per share, indicating a potential listing premium of over 18% above the issue price of ₹207 per share.
- However, it’s important to note that GMP is an informal indicator and does not guarantee actual listing gains.
Listing Date:
- With the T+3 listing schedule now in effect, ISFCL shares are likely to list on the Bombay Stock Exchange (BSE) and National Stock Exchange (NSE) on Wednesday, December 20th, 2023.
Market Analysts’ View:
- The strong subscription and bullish GMP suggest optimism about ISFCL’s prospects. The company’s focus on the affordable housing segment, with its inherent growth potential, has attracted investor attention.
- However, analysts advise investors to exercise caution and consider factors like market conditions and individual risk appetite before making any investment decisions.
Key Factors to Watch:
- Market mood on the listing day
- Overall performance of the broader IPO market
- Post-listing performance of other recent IPOs in the same sector
Staying Informed:
- Investors are advised to keep themselves updated with the latest developments by checking the websites of ISFCL, Kfin Technologies, and credible financial news platforms.
The ISFCL IPO allotment and subsequent listing promise to be exciting events for investors who participated in the issue. While potential gains are alluring, it’s crucial to be mindful of market risks and make informed investment decisions.
Disclaimer: This article is for informational purposes only and should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions.
