India Shelter Finance Corporation Limited IPO
₹469 - ₹493
30
38.59
| Open Date: | 13-Dec-2023 |
| Close Date: | 15-Dec-2023 |
| Allotment Date: | 18-Dec-2023 |
| Listing Date: | 20-Dec-2023 |
| Listing Price: | ₹550.15/- |
| Face Value: | ₹5 Per Equity Share |
| Issue Price: | ₹469-493 Per Equity Share |
| Issue Size: | Total Issue Size 24,340,771 shares (aggregating up to ₹1,200.00 Cr) : Fresh Issue 16,227,181 shares (aggregating up to ₹800.00 Cr) : Offer for Sale 8,113,590 shares of ₹5 (aggregating up to ₹400.00 Cr) |
| Market Lot (Min Amount): | Retail - ₹14,790 : S-HNI - ₹207,060 : B-HNI - ₹1,005,720 |
As on | QIB | Nll | Rll | Total |
|---|---|---|---|---|
| Shares Offered/Reserved | 4,868,154 | 3,651,116 | 8,519,270 | 17,038,540 |
| Day 1 - 13-12-23 05:00 PM | 0.38x | 4.42x | 2.53x | 2.34x |
| Day 2 - 14-12-23 05:00 PM | 0.88x | 7.76x | 5.41x | 4.62x |
| Day 3 - 15-12-23 05:00 PM | 94.29x | 29.97x | 10.46x | 38.59x |
| Total No. of Application: | 2,573,896 (Approx.) | |||
| Retail Subscription on the basis of Apps: | 9.06x | |||
| Earning Per Share(EPS) | ₹17.47/- |
| P/E Ratio | 28.22 |
| RoNW | 13.4% |
| Net Asset Value (NAV) - Post Issue: | ₹141.38 /- |
| Total Assets | Total Revenue | Profit After Tax | |
|---|---|---|---|
| 31 Sep,2023 | 4,758.68 | 398.58 | 107.35 |
| 31 Mar,2023 | 4,295.59 | 606.23 | 155.34 |
| 31 Mar,2022 | 3,221.22 | 459.81 | 128.45 |
| 31 Mar,2021 | 2,462.64 | 322.80 | 87.39 |
| Pre Issue Share Holding | 56.75% |
| Post Issue Share Holding | 48.17% |
| 1. Anil Mehta |
| 2. WestBridge Crossover Fund |
| 3. LLC |
| 4. Aravali Investment Holdings |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet future capital requirements towards onward lending, and
- General corporate purposes.
Incorporated in 1998, 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.
India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, 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.
The core strengths of the company are as follows:-
• One of the fastest-growing housing finance companies in India, with a granular, retail-focused portfolio that generates high yields.
• The company's distribution network is both physical and digital and is spread across various cities, including Tier II and Tier III cities.
• The company utilises an in-house origination model to ensure efficient and seamless operations across various key functions.
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