India Shelter Finance Corporation (MAINBOARD)
Dec 13, 2023 - Dec 15, 2023
| Price | ₹469 - ₹493 |
| Premium | ₹157 |
|---|---|
| Lot size | 30 |
| Allotment | Dec 19, 2023 |
| Listing | Dec 20, 2023 |
| Category | Lot(s) | Qty | Amount | Reserved |
|---|---|---|---|---|
| Retail | 1 | 30 | 14790 | 283976 |
| sHNI | 14 | 420 | 207060 | 2898 |
| bHNI | 68 | 2040 | 1005720 | 5795 |
Last Updated as on 15-Dec-2023 17:54:00
| Category | Offered | Applied | Times |
|---|---|---|---|
| QIBs | 4868155 | 459012960 | 94.29 |
| HNIs | 3651116 | 109254900 | 29.92 |
| HNIs (10+L) | 2434077 | 72451200 | 29.77 |
| HNIs (2-10L) | 1217039 | 36803700 | 30.24 |
| Retail | 8519270 | 87676530 | 10.29 |
| Total | 17038541 | 655944390 | 38.5 |
| Total Application : 2,573,600 | |||
| QIB Cost (7 Days) per share | |||||
|---|---|---|---|---|---|
| @7% ₹62.4 | @8% ₹71.32 | @9% ₹80.23 | @10% ₹89.15 | @11% ₹98.06 | @12% ₹106.98 |
Incorporated in 1998, India Shelter Finance Corporation Limited is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP).
The company offers loan amounts between Rs. 5 Lakhs to Rs. 50 Lakhs for a tenure of up to 20 years. As of 30th Nov 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, helping families own, extend, or improve their homes.
The company has a network of 183 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company's number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 183 as of March 31, 2023.
India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, as of March 31, 2023.
To enhance customer satisfaction, India Shelter has launched iServe - a dedicated customer service application catering to queries and concerns of existing customers online on time.
As of March 31, 2023, of the company borrowers, 97.5% had one or more borrowers as women and 71.3% of our customers were first-time home loan takers.
The core strengths of the company are as follows:-
• One of the fastest-growing housing finance companies in India, with a granular, retail-focused portfolio that generates high yields.
• The company's distribution network is both physical and digital and is spread across various cities, including Tier II and Tier III cities.
• The company utilizes an in-house origination model to ensure efficient and seamless operations across various key functions.
India Shelter Finance IPO Details
| 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
| Investor Category | Shares Offered |
|---|---|
| QIB Shares Offered | Not more than 50.00% of the Net offer |
| Retail Shares Offered | Not less than 35.00% of the Offer |
| NII (HNI) Shares Offered | Not less than 15.00% of the Offer |
India Shelter Finance IPO Lead Manager(s)
ICICI Securities Limited
Citigroup Global Markets India Private Limited
Kotak Mahindra Capital Company Limited
Ambit Private Limited
Company Financials
India Shelter Finance Corporation Limited Financial Information (Restated Consolidated)
India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period | 30 Sep 2023 | Mar 2023 | Mar 2022 | 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 | 107.35 | 155.34 | 128.45 | 87.39 |
| Net Worth | 1,374.97 | 1,240.53 | 1,076.13 | 937.27 |
| Reserves | 1,335.36 | 1,197.98 | 1,033.02 | 894.20 |
| Borrowing | 3,272.48 | 2,973.43 | 2,059.40 | 1,480.72 |
| Amount in ₹ Crore | ||||
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: indiashelter.ipo@kfintech.com
Website: https://kosmic.kfintech.com/ipostatus/