India Shelter Finance IPO comprises a fresh equity issue of Rs 800 crore and an offer for sale (OFS) of Rs 400 crore. The issue is priced in the range of Rs 469-493. About 50% of the offer is reserved for qualified institutional buyers, 35% for retail investors and the rest 15% for non-institutional investors.
L&T shares slip 3.6% in a month; analysts see up to 16% upside on record order book
Larsen & Toubro’s shares face volatility, yet analysts remain optimistic about future growth. A record order book and strong capital expenditure demand underpin this positive