India Shelter Finance Corporation Limited IPO

Mainboard

Housing Finance Company

Listed On: Dec 20, 2023 at ₹ 620.0(NSE)

₹ 14790 /30 Shares

Check Allotment

Price Summary

Last Closing

634.00 (28.6%)

52 Week High

799.00

52 Week Low

519.15

Last Update

22-Nov-2024 3:30 PM

India Shelter Finance Corporation Limited IPO Details

13 Dec, 2023

Open Date

15 Dec, 2023

Close Date

18 Dec, 2023

Allotment Date

20 Dec, 2023

Listing Date

Issue Price

₹469-493 per equity share

Face Value

₹5 Per Equity Share

Listing at Group

BSE, NSE

Registrar

Kfin Technologies Limited

List Price

620.0(NSE)

Listing Date

2023-12-20

Market Lot

Retail : 30 Shares (₹14,790/-)
S-HNI : 420 Shares (₹2,07,060/-)
B-HNI : 2,040 Shares (₹10,05,720/-)

Lead Manager

ICICI Securities Limited
Citigroup Global Markets India Private Limited
Kotak Mahindra Capital Company Limited
Ambit Private Limited

Issue Size

Total ₹1,200 Cr :
#Fresh Issue: 1,62,27,181 shares (aggregating up to ₹800.00 Cr)
#Offer for Sale: 81,13,590 shares of ₹5 (aggregating up to ₹500.00 Cr)

Retail Portion

35% (Number of Retail Applications: 2,83,976 Approx),
(Number of S-HNI Applications : 2,898 Approx),
(Number of B-HNI Applications : 5,795 Approx)

Subscription

36.62 times

IPO Docs

DRHP RHP ANCHOR

India Shelter Finance Corporation Limited IPO Subscription Details

As on	QIB	NII bNII sNII	Retail	Total
Shares Offered / Reserved	4,868,154	3,651,116 2,434,077 1,217,039	8,519,270	17,038,540
Day 1 - 13-12-23 05:00 PM	0.57 x	1.74 1.41 x 2.41 x	1.89 x	1.48 x
Day 2 - 14-12-23 05:00 PM	0.84 x	7.35 6.38 x 9.30 x	5.08 x	4.36 x
Day 3 - 15-12-23 05:00 PM	89.70 x	28.47 28.32 x 28.77 x	9.79 x	36.62 x

Total No. of Applications: 25,73,600 (Approx)

India Shelter Finance Corporation Limited Valuations

Earnings Per Share (EPS)

₹17.47/-

P/E Ratio

28.22

RoNW

13.4%

Net Asset Value (NAV) - As on 31.03.22

₹141.38

India Shelter Finance Corporation Limited Company Financials All values are in ₹ Cr.

	31-Mar-23	31-Mar-22	31-Mar-21
Assets	4,295.59	3,221.22	2,462.64
Revenue	606.23	459.81	322.80
Profit After Tax	155.34	128.45	87.39

About The Company

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 tenure 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.

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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
India Shelter	3.23	28.22	13.4%	606
Aptus Value Housing	4.43	28.2	16.1%	1,093
Aavas Finance	3.41	25.8	14.1%	1,608
Home First Finance	4.63	34.0	13.5%	791

India Shelter Finance Corporation Limited - Promoter(s)

Pre Issue Share Holding: 56.75%

Post Issue Share Holding: 48.17%

Company Promoter(s)

Anil Mehta
WestBridge Crossover Fund
LLC
Aravali Investment Holdings

India Shelter Finance Corporation Limited IPO - Issue Objectives

To meet future capital requirements towards onward lending.
General corporate purposes.

India Shelter Finance Corporation Limited IPO - Anchor Investors

India Shelter IPO: Anchor investors pick Rs 360-cr worth of shares.

As per the filing to the exchanges, 38 investors participated in the anchor book, including marquee names such as Goldman Sachs, Massachusetts Institute of Technology, NHIT, and Steinberg India.

Among others, ICICI Prudential Mutual Fund, Nippon Life India, Kotak Mahindra Trustee, Axis Mutual Fund, UTI Mutual Fund, Mirae Asset, Whiteoak Capital, LGT Select Funds, Tata Mutual Fund, Franklin India, Motilal Oswal Mutual Fund, Edelweiss Trusteeship, Bandhan Financial Services, Quant Mutual Fund, and Axis Growth Avenues AIF 1 also invested in the company via anchor book.

India Shelter Finance Corporation Limited IPO - FAQs

Ans. India Shelter Finance Corporation Limited IPO is a Mainboard IPO. The issue is priced at ₹469-493 per equity share. The minimum order quantity is 30 Shares. The IPO opens on Dec 13, 2023, and closes on Dec 15, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Ans. The India Shelter Finance Corporation Limited IPO opens on Dec 13, 2023 and closes on Dec 15, 2023.

Ans. The size of India Shelter Finance Corporation Limited IPO is Total ₹1,200 Cr : #Fresh Issue: 1,62,27,181 shares (aggregating up to ₹800.00 Cr) #Offer for Sale: 81,13,590 shares of ₹5 (aggregating up to ₹500.00 Cr).

Ans. The IPO price band is set between ₹469-493 per equity share.

Ans. To apply for India Shelter Finance Corporation Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find India Shelter Finance Corporation Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of India Shelter Finance Corporation Limited IPO is Dec 18, 2023.

Ans. The India Shelter Finance Corporation Limited IPO will be listed on Dec 20, 2023.

Ans. Follow the steps to check the allotment status for India Shelter Finance Corporation Limited IPO here.