Google trend - India Shelter IPO allotment

India Shelter Finance Corporation Ltd is a housing finance company that provides loans to individuals for the purchase, construction, and renovation of homes. The company recently came out with an Initial Public Offering (IPO) to raise funds for its expansion plans.

The IPO of India Shelter Finance was oversubscribed by more than 36 times, indicating the strong investor interest in the company. The IPO received bids for over 8 billion shares against the total issue size of 49.9 million shares. This overwhelming response from investors led to a high level of demand for the shares, resulting in a significant oversubscription.

The IPO allotment process is the process of allocating shares to the investors who have applied for them. In the case of India Shelter Finance IPO, the allotment was done through a lottery system. The lottery system ensures a fair and transparent allocation of shares to the investors.

The allotment process involves various steps. Firstly, the IPO application forms are collected from the investors. These forms contain the details of the investors and the number of shares they have applied for. The forms are then scrutinized to ensure that they are filled correctly and all necessary information is provided.

After the scrutiny of the application forms, the allotment process begins. The shares are allocated to the investors through a computerized lottery system. The lottery system randomly selects the investors who will be allotted shares. The number of shares allotted to each investor depends on the number of shares applied for and the oversubscription ratio.

Once the allotment is completed, the investors are informed about the number of shares allotted to them. This information is communicated through various channels such as email, SMS, and post. The investors can also check the allotment status on the website of the registrar and transfer agent (RTA) of the IPO.

After the allotment, the shares are credited to the demat accounts of the investors. The demat account is an electronic account where the shares are held in a dematerialized form. The shares can be bought, sold, or transferred through the demat account.

In the case of India Shelter Finance IPO, the shares were listed on the stock exchanges within a few days of the allotment. The shares were listed at a premium to the issue price, indicating the positive market sentiment towards the company. The listing of the shares provides an opportunity for the investors to sell their shares and realize their gains.

In conclusion, the IPO allotment process of India Shelter Finance Corporation Ltd involved a lottery system to allocate shares to the investors. The process was fair and transparent, ensuring a fair distribution of shares among the investors. The high oversubscription of the IPO indicates the strong investor interest in the company. The listing of the shares on the stock exchanges provides an opportunity for the investors to trade their shares and realize their gains.