India Shelter Finance Corporation IPO Price: ₹469 - ₹493
IPO Date Range: Dec 13, 2023 - Dec 15, 2023
Established in 1998, India Shelter Finance Corporation Limited operates within the housing finance sector. The company specializes in providing loans for house construction, extension, renovation, purchasing new homes or plots, and also offers loans against property (LAP).
The company provides loans ranging from Rs. 5 Lakhs to Rs. 50 Lakhs with a repayment period extending up to 20 years. By November 30th, 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, supporting families in owning, expanding, or enhancing their homes.
In efforts to elevate customer satisfaction, India Shelter introduced iServe, a dedicated customer service application designed to promptly address queries and concerns of existing customers online.
The company operates a network of 183 branches spanning across 15 states, establishing a notable presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The branch count surged from 115 as of March 31, 2021, to 130 by March 31, 2022, and further expanded to 183 by March 31, 2023.
As of March 31, 2023, India Shelter Finance Corporation Limited maintains an in-house team exceeding 300 collection officers.
The company's key strengths encompass:
| IPO Date | December 13, 2023 to December 15, 2023 |
| Listing Date | Wednesday, December 20, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹469 to ₹493 per share |
| Lot Size | 30 shares |
| Total Issue Size | 24,340,771 shares (aggregating up to ₹1,200.00 Cr) |
| Fresh Issue | 16,227,181 shares (aggregating up to ₹800.00 Cr) |
| Offer For Sale | 8,113,590 shares of ₹5 (aggregating up to ₹400.00 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 90,823,956 |
| Share holding post issue | 107,051,137 |
Investors can bid for a minimum of 30 shares or any multiple thereof. The table below illustrates the minimum and maximum investment amounts by retail investors and HNIs in terms of shares.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,790 |
| Retail (Max) | 13 | 390 | ₹192,270 |
| S-HNI (Min) | 14 | 420 | ₹207,060 |
| S-HNI (Max) | 67 | 2,010 | ₹990,930 |
| B-HNI (Min) | 68 | 2,040 | ₹1,005,720 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| IPO Open Date | Wednesday, December 13, 2023 |
| IPO Close Date | Friday, December 15, 2023 |
| Basis of Allotment | Monday, December 18, 2023 |
| Initiation of Refunds | Tuesday, December 19, 2023 |
| Credit of Shares to Demat | Tuesday, December 19, 2023 |
| Listing Date | Wednesday, December 20, 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on December 15, 2023 |
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Between the financial years ending March 31, 2023, and March 31, 2022, India Shelter Finance Corporation Limited saw a noteworthy 31.84% surge in revenue, accompanied by a commendable 20.94% rise in profit after tax (PAT).
| Period Ended | 31 Mar 2021 | 31 Mar 2022 | 31 Mar 2023 | 30 Sept 2023 |
|---|---|---|---|---|
| Assets | 2462.64 | 3221.22 | 4295.59 | 4758.68 |
| Revenue | 322.80 | 459.81 | 606.23 | 398.58 |
| Profit After Tax | 87.39 | 128.45 | 155.34 | 107.35 |
| Net Worth | 937.27 | 1076.13 | 1240.53 | 1374.97 |
| Reserves & Surplus | 894.20 | 1033.02 | 1197.98 | 1335.36 |
| Total Borrowings | 1480.72 | 2059.40 | 2973.43 | 3272.48 |
| KPI | Values |
|---|---|
| Market Cap | ₹ 5291.69 Cr. |
| ROE | 13.4% |
| Debt/ Equity | 2.12 |
| EPS (Rs) | 17.47 |
| RoNW | 13.4% |
The company plans to use the net proceeds from the issue for the following purposes:
Prospectus: Official documents that provide detailed information about the IPO and the company. India Shelter Finance Corporation IPO DRHP and India Shelter Finance Corporation IPO RHP.
An IPO, or Initial Public Offering, is the process by which a private company offers its shares to the public for the first time to raise capital.
Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.
The price range for the"India Shelter Finance Corporation Limited" IPO is ₹469 to ₹493 per share.
The "India Shelter Finance Corporation Limited" IPO is expected to be listed on Wednesday, 20 December 2023.
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