India Shelter Finance Corp Ltd (Ticker: INDIASHL IN) is a diversified financial services company based in India, primarily operating in the consumer loans sector. The company specializes in providing home loans and loan against property (LAP) services. It offers home loans ranging from INR 5 Lakhs (USD ~6,000) to INR 50 Lakhs (USD ~60,000), with tenures up to 20 years and interest rates between 10.5% to 20%. Additionally, India Shelter Finance Corp Ltd provides LAP for households with minimum income proof.

The company announced its IPO on December 7, 2023, aiming to raise INR 8.83 billion (USD 105.92 million). The IPO is set to take place on the National Stock Exchange of India. The expected price range for the offering is INR 469.00 to 493.00 (USD 5.63 to 5.91) per share, with a total of 17.91 million shares being offered. There is no greenshoe option mentioned for this offering. The IPO is managed by a consortium of underwriters including Ambit Pvt Ltd, Citigroup Global Markets India Pte Ltd, ICICI Securities Ltd, and Kotak Mahindra Capital Company. The expected listing date is December 20, 2023.