{"id":5382,"date":"2023-12-08T17:24:23","date_gmt":"2023-12-08T11:54:23","guid":{"rendered":"https:\/\/lakshmishree.com\/blog\/?p=5382"},"modified":"2025-02-08T12:21:35","modified_gmt":"2025-02-08T06:51:35","slug":"india-shelter-finance-corporation-ipo-details","status":"publish","type":"post","link":"https:\/\/lakshmishree.com\/blog\/india-shelter-finance-corporation-ipo-details\/","title":{"rendered":"India Shelter Finance Corporation IPO Details - Complete Overview of India Shelter Finance Corporation Limited IPO"},"content":{"rendered":"\n<p><strong>India Shelter Finance Corporation IPO Price: <\/strong>\u20b9469 - \u20b9493<strong><br>IPO Date Range:<\/strong> Dec 13, 2023 - Dec 15, 2023<\/p>\n\n\n\n<div class=\"wp-block-columns is-layout-flex wp-container-core-columns-is-layout-9d6595d7 wp-block-columns-is-layout-flex\">\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:35%\">\n<figure class=\"wp-block-image size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"395\" height=\"127\" src=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/12\/India-Shelter-Finance-Corporation-logo.png\" alt=\"India Shelter Finance Corporation IPO\" class=\"wp-image-5383\" style=\"aspect-ratio:2.150537634408602;width:292px;height:auto\" srcset=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/12\/India-Shelter-Finance-Corporation-logo.png 395w, https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/12\/India-Shelter-Finance-Corporation-logo-150x48.png 150w\" sizes=\"(max-width: 395px) 100vw, 395px\" \/><\/figure>\n<\/div>\n\n\n\n<div class=\"wp-block-column is-layout-flow wp-block-column-is-layout-flow\" style=\"flex-basis:65%\">\n<h2 class=\"wp-block-heading\"> Foundation &amp; Business Essence:<\/h2>\n\n\n\n<p>Established in 1998, India Shelter Finance Corporation Limited operates within the housing finance sector. The company specializes in providing loans for house construction, extension, <a href=\"http:\/\/bathguys.ca\" data-type=\"link\" data-id=\"http:\/\/bathguys.ca\" target=\"_blank\" rel=\"noopener\">renovation<\/a>, purchasing new homes or plots, and also offers loans against property (LAP).<\/p>\n<\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">Product Portfolio:<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>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.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Network and Presence<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<p>As of March 31, 2023, India Shelter Finance Corporation Limited maintains an in-house team exceeding 300 collection officers.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\">Strengths<\/h2>\n\n\n\n<p>The company's key strengths encompass:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Being among India's fastest-growing housing finance firms, boasting a granular, retail-focused portfolio yielding high returns.<\/li>\n\n\n\n<li>Operating a diverse distribution network spanning physical and digital platforms, extending into multiple cities, including Tier II and Tier III cities.<\/li>\n\n\n\n<li>Employing an in-house origination model to streamline operations and ensure efficiency across essential functions.<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading has-background has-medium-font-size\" style=\"background:linear-gradient(115deg,rgb(254,205,165) 0%,rgb(254,45,45) 50%,rgb(107,0,62) 100%);font-style:normal;font-weight:700\">Bidding Starts In<\/h2>\n\n\n\n<div class=\"wp-block-uagb-countdown uagb-block-3d225132\"><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-days\"><div role=\"timer\" aria-live=\"off\" class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-days\">-<\/div><div class=\"wp-block-uagb-countdown__label\">DAYS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-hours\"><div role=\"timer\" aria-live=\"off\" class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-hours\">-<\/div><div class=\"wp-block-uagb-countdown__label\">HOURS<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-minutes\"><div role=\"timer\" aria-live=\"off\" class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-minutes\">-<\/div><div class=\"wp-block-uagb-countdown__label\">MINUTES<\/div><\/div><div class=\"wp-block-uagb-countdown__box wp-block-uagb-countdown__box-seconds\"><div role=\"timer\" aria-live=\"off\" class=\"wp-block-uagb-countdown__time wp-block-uagb-countdown__time-seconds\">-<\/div><div class=\"wp-block-uagb-countdown__label\">SECONDS<\/div><\/div><\/div>\n\n\n\n<div class=\"wp-block-uagb-marketing-button uagb-marketing-btn__align-center uagb-marketing-btn__align-text-center uagb-marketing-btn__icon-after uagb-block-5217ab29 wp-block-button\"><a href=\"https:\/\/lakshmishree.com\/ipo\/\" class=\"uagb-marketing-btn__link wp-block-button__link\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"uagb-marketing-btn__title\">APPLY NOW<\/span><svg xmlns=\"https:\/\/www.w3.org\/2000\/svg\" viewBox=\"0 0 512 512\"><path d=\"M384 320c-17.67 0-32 14.33-32 32v96H64V160h96c17.67 0 32-14.32 32-32s-14.33-32-32-32L64 96c-35.35 0-64 28.65-64 64V448c0 35.34 28.65 64 64 64h288c35.35 0 64-28.66 64-64v-96C416 334.3 401.7 320 384 320zM488 0H352c-12.94 0-24.62 7.797-29.56 19.75c-4.969 11.97-2.219 25.72 6.938 34.88L370.8 96L169.4 297.4c-12.5 12.5-12.5 32.75 0 45.25C175.6 348.9 183.8 352 192 352s16.38-3.125 22.62-9.375L416 141.3l41.38 41.38c9.156 9.141 22.88 11.84 34.88 6.938C504.2 184.6 512 172.9 512 160V24C512 10.74 501.3 0 488 0z\"><\/path><\/svg><p class=\"uagb-marketing-btn__prefix\">Dream Big, Start with an IPO. Choose Lakshmishree.<\/p><\/a><\/div>\n\n\n\n<h2 class=\"wp-block-heading\">India Shelter Finance Corporation IPO Specifics:<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Date<\/td><td>December 13, 2023 to December 15, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, December 20, 2023<\/td><\/tr><tr><td>Face Value<\/td><td>\u20b95 per share<\/td><\/tr><tr><td>Price Band<\/td><td>\u20b9469 to \u20b9493 per share<\/td><\/tr><tr><td>Lot Size<\/td><td>30 shares<\/td><\/tr><tr><td>Total Issue Size<\/td><td>24,340,771 shares<br>(aggregating up to \u20b91,200.00 Cr)<\/td><\/tr><tr><td>Fresh Issue<\/td><td>16,227,181 shares<br>(aggregating up to \u20b9800.00 Cr)<\/td><\/tr><tr><td>Offer For Sale<\/td><td>8,113,590 shares of \u20b95<br>(aggregating up to \u20b9400.00 Cr)<\/td><\/tr><tr><td>Issue Type<\/td><td>Book Built Issue IPO<\/td><\/tr><tr><td>Listing At<\/td><td>BSE, NSE<\/td><\/tr><tr><td>Share holding pre issue<\/td><td>90,823,956<\/td><\/tr><tr><td>Share holding post issue<\/td><td>107,051,137<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">India Shelter Finance Corporation IPO Lot Size<\/h2>\n\n\n\n<p>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.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Application<\/th><th>Lots<\/th><th>Shares<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Retail (Min)<\/td><td>1<\/td><td>30<\/td><td>\u20b914,790<\/td><\/tr><tr><td>Retail (Max)<\/td><td>13<\/td><td>390<\/td><td>\u20b9192,270<\/td><\/tr><tr><td>S-HNI (Min)<\/td><td>14<\/td><td>420<\/td><td>\u20b9207,060<\/td><\/tr><tr><td>S-HNI (Max)<\/td><td>67<\/td><td>2,010<\/td><td>\u20b9990,930<\/td><\/tr><tr><td>B-HNI (Min)<\/td><td>68<\/td><td>2,040<\/td><td>\u20b91,005,720<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">India Shelter Finance Corporation IPO Reservation<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>QIB Shares Offered<\/td><td>Not more than 50% of the Net Issue<\/td><\/tr><tr><td>Retail Shares Offered<\/td><td>Not less than 35% of the Net Issue<\/td><\/tr><tr><td>NII (HNI) Shares Offered<\/td><td>Not less than 15% of the Net Issue<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">India Shelter Finance Corporation IPO Timetable (Important Dates)<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><tbody><tr><td>IPO Open Date<\/td><td>Wednesday, December 13, 2023<\/td><\/tr><tr><td>IPO Close Date<\/td><td>Friday, December 15, 2023<\/td><\/tr><tr><td>Basis of Allotment<\/td><td>Monday, December 18, 2023<\/td><\/tr><tr><td>Initiation of Refunds<\/td><td>Tuesday, December 19, 2023<\/td><\/tr><tr><td>Credit of Shares to Demat<\/td><td>Tuesday, December 19, 2023<\/td><\/tr><tr><td>Listing Date<\/td><td>Wednesday, December 20, 2023<\/td><\/tr><tr><td>Cut-off time for UPI mandate confirmation<\/td><td>5 PM on December 15, 2023<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<div class=\"wp-block-uagb-advanced-heading uagb-block-b994fb1e\"><h2 class=\"uagb-heading-text\">Don't Miss Out!<\/h2><div class=\"uagb-separator\"><\/div><p class=\"uagb-desc-text\">Whether you're a seasoned investor or just starting out, Lakshmishree ensures you don't miss out on premier IPO opportunities. Dive into the future of investing with Lakshmishree.<\/p><\/div>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-is-layout-16018d1d wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button has-custom-width wp-block-button__width-50 is-style-fill\"><a class=\"wp-block-button__link has-vivid-red-background-color has-background has-text-align-center wp-element-button\" href=\"https:\/\/lakshmishree.com\/ipo\/\" target=\"_blank\" rel=\"noreferrer noopener\">APPLY NOW<\/a><\/div>\n<\/div>\n\n\n\n<h2 class=\"wp-block-heading\">India Shelter Finance Corporation Limited IPO Financial Information<\/h2>\n\n\n\n<p>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).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Period Ended<\/th><th>31 Mar 2021<\/th><th>31 Mar 2022<\/th><th>31 Mar 2023<\/th><th>30 Sept 2023<\/th><\/tr><\/thead><tbody><tr><td>Assets<\/td><td>2462.64<\/td><td>3221.22<\/td><td>4295.59<\/td><td>4758.68<\/td><\/tr><tr><td>Revenue<\/td><td>322.80<\/td><td>459.81<\/td><td>606.23<\/td><td>398.58<\/td><\/tr><tr><td>Profit After Tax<\/td><td>87.39<\/td><td>128.45<\/td><td>155.34<\/td><td>107.35<\/td><\/tr><tr><td>Net Worth<\/td><td>937.27<\/td><td>1076.13<\/td><td>1240.53<\/td><td>1374.97<\/td><\/tr><tr><td>Reserves &amp; Surplus<\/td><td>894.20<\/td><td>1033.02<\/td><td>1197.98<\/td><td>1335.36<\/td><\/tr><tr><td>Total Borrowings<\/td><td>1480.72<\/td><td>2059.40<\/td><td>2973.43<\/td><td>3272.48<\/td><\/tr><\/tbody><\/table><figcaption class=\"wp-element-caption\"><small>Amount in \u20b9 Crore<\/small><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Key Performance Indicator - India Shelter Finance Corporation IPO<\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>KPI<\/th><th>Values<\/th><\/tr><\/thead><tbody><tr><td>Market Cap <\/td><td>\u20b9 5291.69 Cr.<\/td><\/tr><tr><td>ROE<\/td><td>13.4%<\/td><\/tr><tr><td>Debt\/ Equity<\/td><td>2.12<\/td><\/tr><tr><td>EPS (Rs)<\/td><td>17.47<\/td><\/tr><tr><td>RoNW<\/td><td>13.4%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Objects of the Issue:<\/strong><\/h2>\n\n\n\n<p>The company plans to use the net proceeds from the issue for the following purposes:<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>Meeting future capital needs for lending activities.<\/li>\n\n\n\n<li>General corporate purposes.<\/li>\n<\/ol>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Prospectus Links:<\/strong><\/h2>\n\n\n\n<p><strong>Prospectus:<\/strong> Official documents that provide detailed information about the IPO and the company. <a href=\"https:\/\/www.sebi.gov.in\/filings\/public-issues\/aug-2023\/india-shelter-finance-corporation-limited-drhp_74993.html\" target=\"_blank\" rel=\"noopener\">India Shelter Finance Corporation IPO DRHP<\/a> and <a href=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/12\/India-Shelter-IPO-RHP.pdf\" target=\"_blank\" data-type=\"link\" data-id=\"https:\/\/lakshmishree.com\/blog\/wp-content\/uploads\/2023\/12\/India-Shelter-IPO-RHP.pdf\" rel=\"noreferrer noopener\">India Shelter Finance Corporation IPO RHP<\/a>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Frequently Asked Questions<\/strong><\/h2>\n\n\n\n<div class=\"wp-block-uagb-separator uagb-block-e0c8c4f4\"><div class=\"wp-block-uagb-separator__inner\" style=\"--my-background-image:\"><\/div><\/div>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1693390748634\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>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.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390791940\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Why do companies go public with an IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Companies go public to raise capital for expansion, reduce debt, or for other corporate purposes. It also provides liquidity to existing shareholders.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390691805\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the price range for the \"India Shelter Finance Corporation Limited\" IPO?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The price range for the\"India Shelter Finance Corporation Limited\" IPO is \u20b9469 to \u20b9493 per share.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390728061\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">When will the \"India Shelter Finance Corporation Limited\" IPO be listed on the stock exchange?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>The \"India Shelter Finance Corporation Limited\" IPO is expected to be listed on Wednesday, 20 December 2023.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390318021\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How to apply for an IPO with Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>To apply for an IPO with Lakshmishree:<br \/>Go to www.lakshmishree.com\/ipo<br \/>Select the desired IPO and fill in the required details.<br \/>Confirm your application and make the payment.<br \/>Once applied, you can track the status of your application on the platform or get in your registered Email ID.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1693390631857\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">How can I check the subscription status of an IPO on Lakshmishree?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Log in to your Lakshmishree account and navigate to the 'IPO' section. Here, you can view live updates on the subscription status of ongoing IPOs.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>India Shelter Finance Corporation IPO Price: \u20b9469 - \u20b9493IPO Date Range: Dec 13, 2023 - Dec 15, 2023 Foundation &amp; Business Essence: 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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":5386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[336],"tags":[],"class_list":["post-5382","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ipo"],"_links":{"self":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5382","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/comments?post=5382"}],"version-history":[{"count":5,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5382\/revisions"}],"predecessor-version":[{"id":11567,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/posts\/5382\/revisions\/11567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media\/5386"}],"wp:attachment":[{"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/media?parent=5382"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/categories?post=5382"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakshmishree.com\/blog\/wp-json\/wp\/v2\/tags?post=5382"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}