India Shelter Finance Corporation Limited
Mainboard₹14,790 / 30 Shares
India Shelter Finance Corporation Limited IPO Details
The India Shelter Finance Corporation Limited IPO price band is set between ₹469-493 per equity share, with a face value of ₹5 per share. The issue is managed by Kfin Technologies Limited, and the equity shares are proposed to be listed on the Mainboard.
The IPO date for subscription opens on 13 Dec, 2023 and closes on 15 Dec, 2023. Investors can check the allotment status on 18 Dec, 2023, while the listing date is tentatively scheduled for 20 Dec, 2023.
The total issue size is Total ₹1,200 Cr :#Fresh Issue: 1,62,27,181 shares , aggregating up to ₹800.00 Cr. Stay tuned for the latest India Shelter Finance Corporation Limited IPO review and GMP updates.
India Shelter Finance Corporation Limited IPO Review, Rating & Analysis
India Shelter Finance Corporation Limited IPO Review
NO REVIEWIndia Shelter Finance Corporation Limited IPO Rating
India Shelter Finance Corporation Limited IPO Highlights
IPO Date
Dec 13, 2023 - Dec 15, 2023
Listing Date
20 Dec, 2023
Face Value
₹5 Per Equity Share
Price Band
₹469-493 per equity share
Lot Size
30 Shares
Fresh Issue
Shares
Offer for Sale
-
Listing At
BSE, NSE
India Shelter Finance Corporation Limited IPO Lot Size
The minimum market lot for India Shelter Finance Corporation Limited IPO is 30 shares with an application amount of ₹14,790. Retail investors can apply for up to 13 lots. The table below details the minimum and maximum investment limits for Retail and HNI investors.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,790 |
| Retail (Max) | 13 | 390 | ₹1,92,270 |
| S-HNI (Min) | 14 | 420 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2010 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2040 | ₹10,05,720 |
India Shelter Finance Corporation Limited IPO Timeline
Issue Price
₹469-493 per equity shareFace Value
₹5 Per Equity ShareListing at Group
BSE, NSERegistrar
Kfin Technologies LimitedLead Manager
ICICI Securities LimitedCitigroup Global Markets India Private LimitedKotak Mahindra Capital Company LimitedAmbit Private LimitedIssue 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)India Shelter Finance Corporation Limited IPO Financial Information
| Period Ended | Assets | Revenue | Profit After Tax | Net Worth | Reserves and Surplus | Total Borrowing |
|---|---|---|---|---|---|---|
| 31 Mar 23 | 4295.59 | 606.23 | 155.34 | - | - | - |
| 31 Mar 22 | 3221.22 | 459.81 | 128.45 | - | - | - |
| 31 Mar 21 | 2462.64 | 322.80 | 87.39 | - | - | - |
All values are in ₹ Cr.
Promoters & Share Holding
Promoter(s) Name
- Anil Mehta
- WestBridge Crossover Fund
- LLC
- Aravali Investment Holdings
| Share Holding Pre Issue | Share Holding Post Issue |
|---|---|
| 56.75% | 48.17% |
About 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.
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 |
Frequently Asked Questions about India Shelter Finance Corporation Limited IPO
When will India Shelter Finance Corporation Limited IPO open for subscription?
The India Shelter Finance Corporation Limited IPO opens on 13 Dec, 2023 and closes on 15 Dec, 2023.
What is the investors portion for India Shelter Finance Corporation Limited IPO?
The investors' portion for QIB is 89.70 x, NII is 28.32 x, and Retail is 9.79 x.
How to apply for India Shelter Finance Corporation Limited IPO?
You can apply for India Shelter Finance Corporation Limited IPO via ASBA online through your bank account. You can also apply via UPI through stock brokers like Zerodha, Upstox, or Paytm Money.
What is the issue size of India Shelter Finance Corporation Limited IPO?
The issue size of India Shelter Finance Corporation Limited IPO is approx ₹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) crores.
What is the price band of India Shelter Finance Corporation Limited IPO?
The price band for India Shelter Finance Corporation Limited IPO is ₹469 to ₹493 per equity share.
What is the lot size of India Shelter Finance Corporation Limited IPO?
The minimum bid (lot size) for India Shelter Finance Corporation Limited IPO is N/A shares with an investment of approx ₹14,790 .
What is the allotment date of India Shelter Finance Corporation Limited IPO?
The allotment date for India Shelter Finance Corporation Limited IPO is 18 Dec, 2023.
What is the listing date of India Shelter Finance Corporation Limited IPO?
The listing date for India Shelter Finance Corporation Limited IPO is expected to be 20 Dec, 2023.
What is the GMP of India Shelter Finance Corporation Limited IPO?
The latest Grey Market Premium (GMP) for India Shelter Finance Corporation Limited IPO is being updated regularly on IPOROCK.
Parth D.
Founder & Lead Analyst
Parth D. is a software engineer and financial analyst who brings a quantitative edge to IPO tracking. With deep expertise in algorithmic trading and financial tool development, he builds the technology that powers IPORock's real-time data engines. He has been tracking the Indian market since 2018.