India Shelter Finance Corporation is scheduled to hit the market on December 13, 2023 and close on December 15, 2023. India Shelter Finance Corporation plans to raise around ₹1,200.00 Cr through an IPO with a sale of up to 24,340,771 equity shares of ₹5 each. The Retail offered 35%, QIB Shares Offered 50%, HNI Shares Offered 15%.
Established in 1998, India Shelter Finance Corporation operates in the housing finance sector, specializing in providing loans for diverse housing needs. The company facilitates financing for house construction, extension, renovation, and the purchase of new homes or plots, in addition to offering loans against property (LAP)
India Shelter Finance Corporation extends loan amounts ranging from Rs. 5 Lakhs to Rs. 50 Lakhs, with flexible tenures of up to 20 years. With a substantial impact, the company has disbursed over Rs. 5500 Crores in loans as of November 30, 2023, contributing significantly to helping families achieve their homeownership goals.
India Shelter Finance Corporation IPO Details
India Shelter Finance Corporation IPO opens on Dec 13, 2023, and closes on Dec 15, 2023. The Listing date for DOMS Industries IPO is on Dec 20, 2023. The price band for IPO is ₹469 to ₹493 per share and lot size of 30 Shares.
| IPO Date | Dec 13, 2023 to Dec 15, 2023 |
| Listing Date | Dec 20, 2023 |
| Price | ₹469 to ₹493 per share |
| Lot Size | 30 Shares |
| Issue Size | ₹1,200.00 Cr |
| Face Value | ₹5 per share |
India Shelter Finance Corporation IPO Tentative Timetable
India Shelter Finance Corporation opening date is December 13, 2023 and close date is December 15, 2023. The IPO allotment date is December 18, 2023. The refund initiation of IPO is on December 19, 2023. The credit of shares in demat account is on December 19, 2023. The listing date is on December 20, 2023.
| Event | Date |
|---|---|
| IPO Opening | Dec 13, 2023 |
| IPO Closing | Dec 15, 2023 |
| IPO Allotment Date | Dec 18, 2023 |
| Refund Initiation | Dec 19, 2023 |
| Shares Credit to Demat | Dec 19, 2023 |
| Lisiting Date | Dec 20, 2023 |
India Shelter Finance Corporation IPO Lot Size
Lot Size of this IPO is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹192,270).
| Category | Lots | Shares | Amount |
|---|---|---|---|
| Retail(Minimum) | 1 | 30 | ₹14,790 |
| Retail(Maximum) | 13 | 390 | ₹192,270 |
| S-HNI (Minimum) | 14 | 420 | ₹207,060 |
| B-HNI (Minimum) | 68 | 2,040 | ₹1,005,720 |
India Shelter Finance Corporation IPO Promoter Holding
| Pre Issue Share Holding | 56.75% |
| Post Issue Share Holding | 48.17% |
India Shelter Finance Corporation IPO Review
India Shelter Finance Corporation Limited is set to launch its IPO, bringing to the market a housing finance company with significant achievements. Offering loans ranging from Rs. 5 Lakhs to Rs. 50 Lakhs with tenures up to 20 years, the company has disbursed over Rs. 5500 Crores in loans as of November 2023. Boasting a network of 183 branches across 15 states, including key regions like Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat, the company has experienced substantial growth. The strategic expansion is evident in the increase of branches from 115 in March 2021 to 183 in March 2023.
India Shelter Finance Corporation's financial performance reflects its upward trajectory, with a revenue surge of 31.84% and a 20.94% rise in profit after tax between March 2022 and March 2023. The company's commitment to customer satisfaction is showcased through initiatives like the iServe app, a dedicated customer service application. Additionally, the company's focus on inclusivity is highlighted by the fact that 97.5% of its borrowers include one or more women, and 71.3% are first-time home loan takers. With its retail-focused portfolio generating high yields, a robust distribution network, and efficient in-house operations, India Shelter Finance Corporation Limited presents an intriguing opportunity for investors.
For a comprehensive analysis, it would be valuable to delve into the specifics of the IPO, including issue size, pricing details, and the company's plans for the funds raised. These details will provide investors with a more nuanced understanding of India Shelter Finance Corporation Limited's IPO and its potential in the dynamic housing finance sector.
India Shelter Finance Corporation IPO Subscription Status (Bidding Details)
Table not foundIndia Shelter Finance Corporation IPO Broker Recommendations
- Capital Market: To be updated soon
- Anand Rathi: To be updated soon
- SMC Global: To be updated soon
- Arihant Capital: To be updated soon
India Shelter Finance Corporation IPO FAQs
What is India Shelter Finance Corporation IPO?
India Shelter Finance Corporation is issuing 24,340,771 equity shares with a face value of ₹5 each, totaling up to ₹1,200.00 Cr. The shares are being offered at a price of ₹469 to ₹493 each, with a minimum order quantity of 30 shares.
Kfin Technologies Limited is the registrar for the IPO, and the shares are planned to be listed on the BSE and NSE.
When India Shelter Finance Corporation IPO will open?
India Shelter Finance Corporation will open on December 13, 2023 for QIB, NII, and Retail Investors.
When India Shelter Finance Corporation IPO will end?
India Shelter Finance Corporation will end on December 15, 2023.
What is India Shelter Finance Corporation IPO Size?
India Shelter Finance Corporation IPO size is ₹1,200.00 Cr.
What is India Shelter Finance Corporation IPO Price Band?
India Shelter Finance Corporation price band is ₹469 to ₹493 per share.
What is the India Shelter Finance Corporation IPO Allotment Date?
India Shelter Finance Corporation allotment date is December 18, 2023.
What is the India Shelter Finance Corporation IPO Listing Date?
India Shelter Finance Corporation listing date is December 20, 2023. The IPO is to be listed on BSE and NSE.
How to Apply India Shelter Finance Corporation IPO through Zerodha?
To apply for the IPO “India Shelter Finance Corporation” on Zerodha, log in to the Zerodha website or app, go to the Portfolio section, and click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Zerodha.
How to Apply India Shelter Finance Corporation IPO through Upstox?
To apply for the IPO “India Shelter Finance Corporation” on Upstox, log in to the Upstox website or app, click on IPO. Then, click on the “Apply” button and enter your UPI ID, the desired quantity, and the price. Submit the IPO application form and then approve the mandate on your UPI app. To complete the process, you should have an demat account. If you don't have one, open a demat account with Upstox.
How to check India Shelter Finance Corporation IPO Allotment Status?
For India Shelter Finance Corporation IPO Allotment status check you can visit this link, select the desired IPO and enter your PAN to check the allotment status.
What is India Shelter Finance Corporation IPO GMP?
You can check out here: India Shelter Finance Corporation IPO GMP