India Shelter Finance Corporation Ltd

Finance

Offer Period :

13th to 12th Dec 2023

India Shelter Finance Corp, founded in 1998, focuses on housing finance, providing loans for construction, renovation, and property purchase. With 203 branches across 15 states, it follows a Phygital model, blending physical and Read more... digital customer service. iServe, their dedicated app, enhances customer support, emphasizing inclusivity with 97.5% women borrowers and 71.3% first-time home loan takers as of March 31, 2023.Read less

India Shelter Finance Corporation Ltd IPO Details

IPO Date 13th to 12th Dec 2023 Minimum Investment ₹14790 / 1 Lots
Listing Date 2023-12-20 Maximum Investment ₹192270 / 13 Lots
Face Value ₹5 per share Total Issue Size ₹1200 Crores
Price ₹493 to ₹493 per share Fresh Issue ₹800 Crores
Lot Size 1 Lots (30 Shares) Offer For Sale ₹ 400
Listing At BSE, NSE Retail Discount ₹ 0
Employee Discount ₹ 0    
IPO Date 13th to 12th Dec 2023
Listing Date 2023-12-20
Face Value ₹5 per share
Price ₹493 to ₹493 per share
Lot Size 1 Lots (30 Shares)
Listing At BSE, NSE
Employee Discount ₹0 Crores
Minimum Investment ₹14790 / 1 Lots
Maximum Investment ₹192270 / 13 Lots
Total Issue Size ₹1200 Crores
Fresh Issue ₹800 Crores
Offer For Sale
Retail Discount ₹ 0

Tentative Timeline

Important dates for allocation and IPO listing.

13th Dec

IPO Starts

15th Dec

IPO Ends

18th Dec

Allotment Date

19th Dec

Initiation of Refund

19th Dec

Credit of Shares to Demat Account

20th Dec

IPO Listing Date

Shareholder Pattern

  Pre-Issue Post-Issue
Promoter Group 56.7 48.1
Public Group 43.3 51.9

India Shelter Finance Corporation Ltd IPO Reservation

QIB Shares Offered 4868154(20%)
NII (HNI) Shares Offered 3651116(15%)
Retail Shares Offered 8519270(35%)
Anchor Investor Shares Offered 7302231(30%)
Total Shares Offered 24340772
Total Shares With Anchor Investor 24340772

IPO Lot Size

ApplicationLotsSharesAmount
Retail (Min)---
Retail (Max)---
S-HNI (Min)---
S-HNI (Max)---

India Shelter Finance Corporation Ltd IPO Registrar

KFin Techologies Ltd
Phone Number +91 40 67162222/ 1800 309 4001
Email Id indiashelter.ipo@kfintech.com
Our Website www.kfintech.com

India Shelter Finance Corporation Ltd IPO Lead Manager

1. ICICI Securities Ltd

2. Citigroup Global Markets India Pvt Ltd

3. Kotak Mahindra Capital Company Ltd

4. Ambit Pvt Ltd

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India Shelter Finance Corporation Ltd IPO Subscription LIVE Status

Category No. of shares offered No. of shares bid No. of subscribed

Strength of India Shelter Finance Corporation Ltd

1. One of the fastest growing assets under management among housing finance companies in India, high yields, and granular, retail focused portfolio.

2. Extensive and diversified Phygital distribution network with significant presence in Tier II and Tier III cities.

3. In-house origination model to ensure efficient and seamless operations across various key functions.

4. Technology and analytics-driven company with scalable operating model.

5. Robust underwriting, collection and risk management systems.

6. Diversified financing profile with a demonstrated track record of reducing financing costs.

7. Experienced management team supported by qualified and experienced personnel.

Risks Involved

1. The company requires substantial capital for its business and operations and any disruption in the company sources of financing could have an adverse effect on its business, results of operations and financial condition.

2. Its inability to comply with the financial and other covenants under its debt financing arrangements could adversely affect the company business, results of operations and financial condition.

3. Three states contributed to 63.4% of its assets under management for the Financial Year 2023. As such, any adverse developments in these states could have an adverse effect on its business, results of operations and financial condition.

4. The risk of non-payment or default by the company customers may adversely affect its business, results of operations and financial condition.

5. If the credit quality of its loan book deteriorates or the company is unable to implement effective monitoring and collection methods, its results of operations and financial condition may be adversely affected.

6. Its inability to recover the full value of collateral or amounts outstanding under defaulted loans in a timely manner, or at all, could adversely affect its business, results of operations and financial condition.

7. The company is subject to periodic inspections by the National Housing Bank and the Reserve Bank of India and non-compliance with observations made during any such inspections could result in penalties and fines, and could adversely affect its reputation, business, financial condition, results of operations and cash flows.

8. The company is affected by volatility in interest rates for both its lending and treasury operations, which could causethe company net interest income to vary and consequently affect its profitability.

9. The company may face asset-liability mismatches, which could affect its liquidity and consequently may adversely affect the company operations and profitability.

10. The company has experienced growth in recent years, and its may not be able to sustain such growth in the future.

Why should you invest in

-

Financials

Particulars For the financial year ending (in ₹ million)
  2024 2023 2022
Total Assets 5794.18 4295.59 3221.22
Total Liabilities 5794.18 4295.59 3221.22
Total Expenses 542.19 404.28 292.9
Total Revenue 
861.37 606.23 459.81
Profit After Tax 247.6 155.34 128.45
EBITDA 617.61 420.02 321.78
Adjusted EBITDA 0 0 0

India Shelter Finance Corporation Ltd IPO Listing Details

Listing Date BSE Script Code NSE Symbol ISIN Final Issue Price
2023-12-20 544044 INDIASHLTR
INE922K01024
₹493 per share

Listing Day Trading Information

Price Details BSE NSE
Final Issue Price ₹493 ₹493
Open ₹612.7 ₹620
Low ₹530.95 ₹531
High ₹625 ₹630
Low ₹530.95 ₹531

Frequently Asked Questions

What is India Shelter Finance Corporation Ltd IPO?

Answer Field

India Shelter Finance Corporation Ltd IPO is a Mainboard IPO of 2,43,40,772 equity shares of a face value of ₹5 aggregating up to ₹1200 Crores. The issue is priced at ₹493 to ₹493 per share. The minimum order quantity is 30 Shares. The IPO opens on December 13, 2023, and closes on December 15, 2023. KFin Techologies Ltd is the registrar for the IPO. The shares are proposed to be listed on BSE,NSE.

When India Shelter Finance Corporation Ltd IPO will open?

Answer Field

The India Shelter Finance Corporation Ltd IPO opens on December 13, 2023 and closes on December 15, 2023.

What is the lot size of India Shelter Finance Corporation Ltd?

Answer Field

India Shelter Finance Corporation Ltd lot size is 30 shares, and the minimum amount required is ₹14,790.

How to apply for India Shelter Finance Corporation Ltd IPO?

Answer Field

You can apply in India Shelter Finance Corporation Ltd IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. To apply for an IPO:

• Login to Bajaj Broking account App/Website & click on IPO

• Enter the number of lots and price at which you wish to apply.

• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange.

• You will receive a mandate notification to block funds in your UPI app.

• Approve the mandate request on your UPI and funds will be blocked.

When is India Shelter Finance Corporation Ltd IPO allotment?

Answer Field

The finalization of Basis of Allotment for India Shelter Finance Corporation Ltd IPO will be done on December 18, 2023, and the allotted shares will be credited to your demat account by December 19, 2023.

When is India Shelter Finance Corporation Ltd IPO listing date?

Answer Field

The India Shelter Finance Corporation Ltd listing date is December 20, 2023.

Who is the registrar of India Shelter Finance Corporation Ltd IPO?

Answer Field

The registrar of India Shelter Finance Corporation Ltd IPO is KFin Techologies Ltd

Which company is the book-running lead manager of the IPO?

Answer Field

ICICI Securities Ltd,Citigroup Global Markets India Pvt Ltd,Kotak Mahindra Capital Company Ltd,Ambit Pvt Ltd will be the book-running lead manager of this IPO.

What is the fresh issue of India Shelter Finance Corporation Ltd IPO?

Answer Field

The fresh issue size is ₹800 Crores equity shares.

What minimum lot size can retail subscribers subscribe to India Shelter Finance Corporation Ltd?

Answer Field

Retail investors can subscribe to a minimum of one lot, 30 shares and ₹14,790 amount.

How can I approve the UPI mandate request for India Shelter Finance Corporation Ltd IPO?

Answer Field

To apply for India Shelter Finance Corporation Ltd IPO, you need to log in to your demat account to complete the bidding process. Then, approve the payment mandate on your UPI app.

What is the price range of India Shelter Finance Corporation Ltd?

Answer Field

The price of each India Shelter Finance Corporation Ltd share will be ranging in between ₹493 to ₹493 per share.

What is the cut-off time for the UPI mandate for India Shelter Finance Corporation Ltd IPO?

Answer Field

The cut-off time for the UPI mandate confirmation is 5:00 PM, December 15, 2023.

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