The India Shelter Finance Corporation Ltd date has been confirmed from October 13, 2023 and ended onDecember 15, 2023.
The India Shelter Finance IPO is a book built issue worth Rs 1,200.00 crores. This offering consists of a fresh issue of 1.62 crore shares, amounting to Rs 800.00 crores, and an offer for sale of 0.81 crore shares, totaling Rs 400.00 crores.
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Bidding Dates
October 27,2023
Price Range
₹469 to ₹493 per share
Face Value
₹5 per share
GMP
₹151
India Shelter Finance Corporation Ltd GMP
The India Shelter Finance Corporation Ltd IPO GMP is ₹[151].
IPO Overview
The subscription for the India Shelter Finance IPO commenced on December 13, 2023 and will conclude on December 15, 2023. The finalization of allotment for the IPO is anticipated to take place on Monday, December 18, 2023. The listing of India Shelter Finance IPO on BSE and NSE is scheduled for Wednesday, December 20, 2023.
The price range for the India Shelter Finance IPO is fixed at ₹469 to ₹493 per share. Retail investors are required to apply for a minimum lot size of 30 shares, with a minimum investment amount of ₹14,790. For sNII, the minimum lot size investment is 14 lots (420 shares), totaling ₹207,060, while for bNII, it is 68 lots (2,040 shares), amounting to ₹1,005,720.
India Shelter Finance Corporation Ltd Details
| IPO Date | December 13, 2023 to December 15, 2023 |
| Listing Date | [.] |
| 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 |
India Shelter Finance IPO Reservation Details
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | 7,302,229 (30.00%) | NA |
| QIB Shares Offered | 4,868,154 (20.00%) | NA |
| NII (HNI) Shares Offered | 3,651,116 (15.00%) | |
| bNII > ₹10L | 2,434,077 (10.00%) | 5,795 |
| sNII < ₹10L | 1,217,039 (5.00%) | 2,897 |
| Retail Shares Offered | 8,519,270 (35.00%) | 283,975 |
| Total Shares Offered | 24,340,769 (100%) | NA |
India Shelter Finance IPO Anchor Investors Details
| Bid Date | December 12, 2023 |
| Shares Offered | 7,302,229 |
| Anchor Portion Size (In Cr.) | 360.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | January 30, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | April 23, 2024 |
India Shelter Finance Corporation Limited Financial Information
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,758.68 | 4,295.59 | 3,221.22 | 2,462.64 |
| Revenue | 398.58 | 606.23 | 459.81 | 322.80 |
| Profit After Tax | 107.35 | 155.34 | 128.45 | 87.39 |
| Net Worth | 1,374.97 | 1,240.53 | 1,076.13 | 937.27 |
| Reserves and Surplus | 1,335.36 | 1,197.98 | 1,033.02 | 894.20 |
| Total Borrowing | 3,272.48 | 2,973.43 | 2,059.40 | 1,480.72 |
Company Profile
India Shelter Finance Corporation Limited, established in 1998, is a leading provider of affordable housing finance in India. With a strong presence in the market, the company operates through a wide distribution network of 203 branches across 15 states. Originally known as “Satyaprakash Housing Finance India Limited,” the company underwent a name change in 2009 to become India Shelter Finance Corporation Limited. As of March 2023, India Shelter Finance Corporation holds an impressive 94% share in the affordable housing finance market. Its key states of operation include Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company
has experienced significant growth, with a Compound Annual Growth Rate (CAGR) of 40.8% in terms of assets under management between FY21 and FY23.
Registrar Info
| Name | LINK INTIME INDIA PRIVATE LIMITED |
| Phone number | 0406 7162 222, 0407 9611 000 |
| Email ID | indiashelter.ipo@kfintech.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | India Shelter Finance Corporation Limited |
| Phone number | +91 124 413 1800 |
| Email ID | compliance@indiashelter.in |
| Website | https://www.indiashelter.in/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
