The retail housing finance company India Shelter Finance IPO will be hit the market 13 December 2023 and closes on 15 December 2023. The Company has filed the RHP of this IPO. According to RHP, the company wants to raise ₹1200.00 crore through IPO. The company will issue fresh shares of ₹800.00 crores through this IPO and will issue shares through offer for sale of ₹400.00 crores.
The company has reserved 50% for QIB, 10% for NII and 35% for Retail Investor in this IPO.
India Shelter Finance Corporation Limited is engaged in the business retail focused affordable housing finance company. The company’s target segment is the self-employed customer with a focus on first-time home loan takers in the low and middle-income group in Tier II and Tier III cities in India, and affordable housing loans. The company distribution network comprises 203 branches as of September 30, 2023, and a scalable technology infrastructure across our business operations and throughout the loan life cycle. You can check India Shelter Finance IPO GMP here.
| Read also: Upcoming IPO List 2023 |
The company well-established network of 203 branches spread across 15 states with a significant presence in the states of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat wherein our branch vintage is five years and above, as of September 30, 2023. The company has a presence in states that cover 94% of the affordable housing finance market in India, as of March 31, 2023. You can check India Shelter Finance IPO subscription status here.
The company obtained long-term funding from a diversified lender base comprising over 37 counterparties, including 24 scheduled commercial banks. We have a healthy credit rating of ICRA A+ (stable) from ICRA Limited and CARE A+ (Positive) from CARE Limited, as of September 30, 2023. You can check India Shelter Finance IPO Allotment status here.
Object Of the Issue :
- To meet future capital requirements toward onward lending.
- General corporate purposes.
Company Strengths :
- One of the Fastest Growing Assets under Management among Housing Finance Companies in India, High Yields, and a Granular, Retail Focused Portfolio.
- Extensive and Diversified Phygital Distribution Network with a Significant Presence in Tier II and Tier III cities.
- In-house Origination Model to Ensure Efficient and Seamless Operations across Various Key Functions.
- Technology and Analytics-Driven Company with Scalable Operating Model.
- Robust Underwriting, Collection, and Risk Management Systems.
- Diversified Financing Profile with a Demonstrated Track Record of Reducing Financing Costs.
- Experienced Management Team Supported by Qualified and Experienced Personnel.
India Shelter Finance IPO Review :
| Details | Valuation |
| PAT 2023 : Issue Price : EPS 2023 : PE Ratio : ROE : RoNW : ROCE : Debt/Equity : NAV Value : Total Assets : Market Cap : Pre Holding : Post Holding : | ₹155.34 Cr ₹493 /EQ 17.75 27.77x 13.40 % 13.40 % – % 2.12 ₹141.38 ₹4,295.59 Cr ₹5291.69 Cr 56.75 % 48.17 % |
| Team Review : | ✔ Apply For Long Term |
India Shelter Finance IPO Date & Price Band & Details :
| Issue Type : | Book Built Issue |
| IPO Open : | 13 December 2023 |
| IPO Close : | 15 December 2023 |
| Face Value : | ₹5 Equity Share |
| Price Band : | ₹469 – ₹493 Per Share |
| Listing On : | BSE, NSE |
| Issue Size : | ₹1200.00 Cr {24,340,771Shares} |
| Fresh Issue : | ₹800.00 Cr {16,227,181Shares} |
| Offer For Sale : | ₹400.00 Cr {8,113,590 Shares} |
India Shelter Finance IPO Market Lot :
India Shelter Finance IPO Minimum Market lot is 1 Lot with 30 shares with ₹14,790 Application amount. The retail investors can apply up to 13 lots with 390 Shares or ₹192,270 amounts.
| Application | Lot | Shares | Amount |
| Retail Minimum : | 1 | 30 | ₹14,790 |
| Retail Maximum : | 13 | 390 | ₹192,192 |
| S-HNI Minimum : | 14 | 420 | ₹206,976 |
| S-HNI Maximum : | 67 | 2010 | ₹990,930 |
| B- HNI Minimum : | 68 | 2040 | ₹1,005,720 |
India Shelter Finance IPO Reservation :
India Shelter Finance IPO Total Reservation of 24,340,771 shares are to be bid for the public issue by India Shelter Finance IPO with 12,170,385 for QIB 3,651,116 for NII and 8,519,270 For RII & – Shares EMP.
| Category | Reservation | Shares | Amount Cr |
| QIB : | 50% | 12,170,385 | ₹600.00 |
| NII : | 15% | 3,651,116 | ₹180.00 |
| RII : | 35% | 8,519,270 | ₹420.00 |
| Total : | 100% | 24,340,771 | ₹1200.00 |
India Shelter Finance IPO EPS & RoNW :
The India Shelter Finance company’s EPS & RoNW growth increased last financial year, which is shown to you in the table here.
| Year | EPS (Rs.) | RoNW % | NAV |
| 2023 | ₹17.75 | 13.40% | ₹141.38 |
| 2022 | ₹14.80 | 12.80% | ₹123.11 |
| 2021 | ₹10.19 | 9.8% | ₹109.04 |
India Shelter Finance IPO Peer Comparison PE :
The India Shelter Finance, According to RHP of the company few company is listed whose PE Multiple is shown in this table.
| Sr. No. | Company | PE Ratio |
| 1. | Aptus Value Housing Finance | 29.90 |
| 2. | Aavas Financiers | 27.40 |
| 3. | Home First Finance Company | 37.70 |
India Shelter Finance IPO Dates :
India Shelter Finance IPO Date is 13 December 2023 and closes on 15 December 2023. The allotment will be finalized on 18 December 2023 and the IPO may list on 20 December 2023.
| Anchor Date : | 12 December 2023 |
| Open Date : | 13 December 2023 |
| Close Date : | 15 December 2023 |
| Allotment Date : | 18 December 2023 |
| Refund Date : | 19 December 2023 |
| Share Credit Date : | 19 December 2023 |
| Listing Date : | 20 December 2023 |
India Shelter Finance IPO Form :
There are two ways to apply for an India Shelter Finance IPO. You can apply for India Shelter Finance IPO through ASBA available in your bank account. You have to go to your online bank login select India Shelter Finance IPO in the Invest section and apply through your bank account. Another option is you apply for India Shelter Finance IPO through an IPO form downloaded through NSE and BSE. Visit the IPO Form Page and download the NSE Form and BSE Form IPO Form, fill it out, and submit it to your bank or your broker.
India Shelter Finance Company Financial Report (Crore) :
| Year | Revenue | Expense | PAT |
| 2023 | ₹606.23 | ₹404.28 | ₹155.34 |
| 2022 | ₹459.81 | ₹292.90 | ₹128.45 |
| 2021 | ₹322.80 | ₹209.84 | ₹87.39 |
Company Promoters :
■ Sudhin Bhagwandas Choksey
Quick Link :
■ DRHP Draft Prospectus
■ RHP Draft Prospectus
■ Anchor Investor
India Shelter Finance IPO Lead Managers :
■ Citigroup Global Markets India Private Limited
■ ICICI Securities Limited
■ Kotak Mahindra Capital Company Limited
■ Ambit Private Limited
India Shelter Finance IPO Registrar :
KFin Technologies Limited
Selenium Tower B, Plot No.31-32
Gachibowli, Financial District
Nanakramguda, Serilingampally
Hyderabad 500 032, Telangana, India
Tel: +91 40 6716 2222/ 1800 309 4001
E-mail: [email protected]
Investor grievance e-mail: [email protected]
Website: www.kfintech.com
Note: Check India Shelter Finance IPO allotment status Visit IPOBAZAR Allotment Page And Search Your Registrar IPO Allotment Link. Click Here
Company Address :
India Shelter Finance Limited
6th Floor, Plot No. 15
Sector 44, Institutional Area
Gurugram 122 002
Haryana, India
Tel.: +91 124 413 1800
E-mail: [email protected]
Website: www.indiashelter.in
India Shelter Finance IPO FAQs :
What is India Shelter Finance IPO?
India Shelter Finance IPO is a Mainboard IPO. They are going to raise ₹1200.00 Crores via IPO. The issue is priced at ₹469-₹493 per equity share. The IPO is to be listed on NSE, and BSE.
When India Shelter Finance IPO will open?
The IPO is to open on 13 Dec – 15 Dec for QIB, NII & RII.
What is India Shelter Finance IPO Size?
India Shelter Finance IPO size is ₹1200.00 Crores.
What is the Fresh issue size of India Shelter Finance IPO?
The Fresh issue size of India Shelter Finance IPO ₹800.00 Cr.
What is the Offer For Sale size of India Shelter Finance IPO?
The Offer For Sale size of India Shelter Finance IPO ₹400.00 Cr.
What is the India Shelter Finance IPO Price Band?
India Shelter Finance IPO Price Band is ₹469-₹493 Per share.
What is India Shelter Finance IPO Minimum and Maximum Lot Size?
The minimum 30 Shares with ₹14,790 amount while the maximum 390 shares with ₹192,270.
What is India Shelter Finance IPO Investors Portion?
The investors’ portion for QIB is 50%, NII 10%, RII 35%.
What is the India Shelter Finance IPO Allotment Date?
India Shelter Finance IPO allotment date will be 18 December 2023.
What is the India Shelter Finance IPO Listing Date?
India Shelter Finance IPO listing date will be 20 December 2023. The IPO to list on NSE, BSE.
How to Apply the India Shelter Finance IPO through Zerodha?
Log in to the Console on the Zerodha Website. Go to Portfolio and Click on IPO. You will see the IPO Name “India Shelter Finance IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the India Shelter Finance IPO through Upstox?
Log in to the Upstox Website or app. Go to Portfolio and Click on IPO. You will see the IPO Name “India Shelter Finance IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the India Shelter Finance IPO through Groww?
Log in to the Groww Website or app. Now you can see IPOs and Click on IPO. You will see the IPO Name “India Shelter Finance IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
How to Apply the India Shelter Finance IPO through Paytm Money?
Log in to the Paytm Money Website or app. Now you can see Invest in IPOs Section and Click on IPO. You will see the IPO Name “India Shelter Finance IPO”. Click on the Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate.
| India Shelter Finance IPO GMP: Click Here India Shelter Finance IPO Subscription: Click Here India Shelter Finance IPO Allotment: Click Here India Shelter Finance IPO Listing: Click Here India Shelter Finance IPO Web Story: Click Here |
All India Shelter Finance IPO-related links are available here. If you want to know the details then click on the Click Here Link.
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