INDIA SHELTER FINANCE CORPORATION LIMITED IPO
₹ 469 - ₹ 493
13-Dec-2023 - 15-Dec-2023
₹ 14790.00

/ 30 Shares

INDIA SHELTER FINANCE CORPORATION LIMITED IPO

13-Dec-2023 - 15-Dec-2023

₹ 469 - ₹ 493

Price Band

₹ 14790.00

Minimum Investment

30

Bid Lot

24,340,768

Shares

  • Face Value - ₹ 5/- Per Share

  • Listing at NSE,BSE

  • 283,975 Application Required in Retail for 1 Time.

  • Registrar : KFin Technologies Limited

IPO Details

Category % Shares/Amount
QIB 50% 12,170,383 Shares Rs. 600 Cr
HNI 1 5% 1,217,039 Shares Rs. 60 Cr @ 2898 form for 1X
HNI 2 10% 2,434,077 Shares Rs. 120 Cr @ 5795 form for 1X
Retail 35% 8,519,269 Shares Rs. 420 Cr @ 283976 form for 1x

Application Require for 1 Time

Retail (Upto 2 Lakh) HNI (2 Lakh to 10 Lakh) HNI (Above 10 Lakh)
283976 form for 1x 2898 form for 1X 5795 form for 1X

IPO Lot Size

Category Lots Shares Amount
Retail (Upto 2 Lakh) 1 30 ₹ 14,790
Retail (Upto 2 Lakh) 13 390 ₹ 192,270
S-HNI (2 Lakh to 10 Lakh) 14 420 ₹ 207,060
S-HNI (2 Lakh to 10 Lakh) 67 2010 ₹ 990,930
B-HNI (Above 10 Lakh) 68 2040 ₹ 1,005,720

IPO Timeline

  • Open Date

    13-Dec-2023

  • Close Date

    15-Dec-2023

  • Basis of Allotment Date

    18-Dec-2023

  • Initiation of Refunds

    19-Dec-2023

  • Credit Shares to Demat A/c

    19-Dec-2023

  • IPO Listing Date

    20-Dec-2023

Subscription as on
15-Dec-2023 19:27

Category Book Size Subscription No. of Times
QIB 4,868,154 ₹ 240.00 Cr. 459,012,960 ₹ 22629.34 Cr. 94.29x
HNI (<10 LAKH) 1,217,039 ₹ 60.00 Cr. 36,961,500 ₹ 1822.20 Cr. 30.37x
HNI2 (>10 LAKH) 2,434,077 ₹ 120.00 Cr. 72,451,200 ₹ 3571.84 Cr. 29.77x
RETAIL 8,519,269 ₹ 420.00 Cr. 89,097,360 ₹ 4392.50 Cr. 10.46x
Total 17,038,539 657,523,020 38.59x
Category Book Size Subscription No. of Times
QIB 4,868,154 ₹ 240.00 Cr. 459,012,960 ₹ 22629.34 Cr. 94.29x
HNI (<10 LAKH) 1,217,039 ₹ 60.00 Cr. 36,961,500 ₹ 1822.20 Cr. 30.37x
HNI2 (>10 LAKH) 2,434,077 ₹ 120.00 Cr. 72,451,200 ₹ 3571.84 Cr. 29.77x
RETAIL 8,519,269 ₹ 420.00 Cr. 89,097,360 ₹ 4392.50 Cr. 10.46x
Total 17,038,539 657,523,020 38.59x

*Excluding Anchor

Total No. of Application Approx : ~2525646 (8.89 Appwise)

Disclaimer: The above-mentioned information / data are sourced from the websites of National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) and are subject to change on real time basis. For updated information / data you can visit their respective website. The information / data provided herein above are for information purpose only and provided "AS IS" and "AS AVAILABLE" basis and without warranty, express or implied. We do not guarantee or warrant the accuracy, adequacy or completeness of the information received through the said websites. “We” hold not responsibility of any kind as regard to any discrepancies, errors, omissions, losses or damages. “We” including its affiliates and any of its officers, directors, personnel and employees, shall not liable for any loss, damage of any nature, including but not limited to direct, indirect, punitive, special, exemplary, consequential, as also any loss of profit in any way arising from the use of information / data received through the said websites. The recipient alone shall be fully responsible / are liable for any decision taken on the basis of such information / data. All recipients should before acting upon the said information make their own investigation, seek appropriate professional advice.

About Company

  • India Shelter Finance Corporation Limited (“India Shelter”) was incorporated on October26, 1998. India Shelter is a retail focused affordable housing finance company with an extensive distribution network comprising 203 branches as of September 30, 2023 and a scalable technology infrastructure across their business operations and throughout the loan life cycle.
  • 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. They primarily finance the purchase and self-construction of residential properties by first-time home loan takers through home loans and also offer loans against property. As of September 30, 2023, 70.7% of their customers were first-time home loan takers.
  • Between Financial Year 2021 and Financial Year 2023, India Shelter witnessed a 2-year CAGR growth of 40.8% in terms of assets under management (“AUM”). For the Financial Year 2023, their yield to advances was 14.9%, which was the 3rd highest in India for such period. Company’s credit and risk management policies, backed by technology and data analytics throughout their business processes, help them maintain asset quality leading to the GNPA being 1% and 2.79% as of September 30, 2023 and September 30, 2022, respectively.
  • India Shelter has an extensive and 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 their branch vintage is 5 year and above, as of September 30, 2023. They have presence in states which cover 94% of the affordable housing finance market in India, as of March 31, 2023.
  • Company’s debt financing requirements have been historically met from diverse and long-term sources, including public and private sector banks, refinancing from the NHB, external commercial borrowings and the issuance of non-convertible debentures. They have a healthy credit rating of ICRA A+ (stable) from ICRA Ltd and CARE A+ (Positive) from CARE Ltd, as of September 30, 2023.
  • WestBridge Crossover Fund, LLC and Aravali Investment Holdings are their Corporate Promoters, and their other Shareholders include Nexus Ventures III, Ltd., MIO Starrock and Madison India Opportunities IV (Madison India Capital).
Read More

Strengths

  • One of the Fastest Growing AUM among Housing Finance Companies in India, High Yields, and Granular, Retail Focused Portfolio
  • Extensive and Diversified Phygital Distribution Network with 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
  • Further Grow and Diversify the Distribution Network to Achieve Deeper Penetration in Key States and Drive Sustainable Growth
  • Leverage the Technology Stack to Achieve Scalability, Improving Efficiency and Productivity of the Existing Branches
  • Diversify Borrowing Profile and Optimize Borrowing Costs
  • Enhance Brand Equity and Foster Sustainability

Company Promoters

Anil Mehta, WestBridge Crossover Fund, LLC and Aravali Investment Holdings are the Promoters of the company.

Company Financials

India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended 30 Sep 2023 31 Mar 2023 31 Mar 2022 31 Mar 2021
Assets 4,758.68 4,295.59 3,221.22 2,462.64
Revenue 398.58 606.23 459.81 322.80
Profit After Tax 107.35 155.34 128.45 87.39
Net Worth 1,374.97 1,240.53 1,076.13 937.27
Reserves and Surplus 1,335.36 1,197.98 1,033.02 894.20
Total Borrowing 3,272.48 2,973.43 2,059.40 1,480.72
Amount in ? Crore

Objects of the Issue

  • To meet future capital requirements towards onward - 540 Cr
  • General Corporate Purposes

How to Apply

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  • Step 01 :

    Once you create your account, Login to Us.

  • Step 02 :

    Under IPO Section, you will be able to see a list of Ongoing IPOs, where you can click on apply button.

  • Step 03 :

    Add quantity of shares to apply – Maximum 3 bids are allowed (For retail category – max amount Rs.2,00,000/-).

  • Step 04 :

    Enter your UPI ID and you will receive mandate on your UPI App.

  • Step 05 :

    Once you accept the mandate, Application is submitted successful.

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