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People in Business May 5, 2025

India Shelter Finance Corporation Limited

India Shelter Finance Corporation Limited, a Gurugram-based affordable housing finance company, has announced its plans to raise up to Rs 1,200 crore through an initial public offering (IPO). The IPO will consist of a fresh issue of equity shares worth up to Rs 800 crore and an offer for sale of up to Rs 400 crore by existing shareholders. The company aims to use the proceeds from the fresh issue to meet future capital requirements for onward lending and to achieve the benefits of listing on stock exchanges. India Shelter Finance, established in 2010, focuses on providing loans to customers in the low and middle-income segments, primarily in tier-II and tier-III cities across India.

Read the Full ThePrint Article at:
[ https://theprint.in/ani-press-releases/india-shelter-finance-corporation-limited/2621143/ ]