India Shelter Finance IPO Description – India Shelter Finance Corporation stands out as a retail-centric provider of affordable housing finance, boasting an expansive distribution network and a technologically scalable infrastructure. During the fiscal years spanning 2021 to 2023, the company experienced a CAGR rate of 40.8% over the two years of its Assets Under Management (AUM).
The primary target audience for India Shelter Finance Corporation comprises self-employed individuals, particularly those seeking their first home loans within the low and middle-income brackets in Tier II and Tier III cities across India. The implementation of credit and risk management policies, supported by advanced technology and data analytics throughout various business processes, has been instrumental in maintaining the quality of assets, reflected in a Gross Non-Performing Asset (GNPA) of 1.13% as of 31 March 2023.
As of 31 March 2023, India Shelter Finance boasts a widespread and well-established network encompassing 183 branches spanning across 15 states. It holds a notable presence in key states such as Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat, where the vintage of its branches is five years and above. Additionally, the company has extended its footprint to states that collectively account for 94% of the affordable housing finance market in India.
India Shelter Finance Corporation has secured long-term funding from a diverse group of lenders, involving more than 35 counterparties, with 24 of them being scheduled commercial banks, and the company maintains a robust credit rating of ICRA A+ (stable) from ICRA Limited and CARE A+ (stable) from CARE Limited, reinforcing its financial stability and credibility.
Promoters of India Shelter Finance – Anil Mehta, Westbridge Crossover Fund LLC, and Aravali Investment Holdings
India Shelter Finance IPO Details
| India Shelter Finance IPO Dates | 13 – 15 December 2023 |
| India Shelter Finance IPO Price | INR 469 – 493 per share |
| Fresh issue | 16,227,180 shares (INR 761.05 – 800 crore) |
| Offer For Sale | 8,113,588 shares (INR 380.53 – 400 crore) |
| Total IPO size | 24,340,768 shares (INR 1,141.58 – 1,200 crore) |
| Minimum bid (lot size) | 30 shares (INR 14,790) |
| Face Value | INR 5 per share |
| Retail Allocation | 35% |
| Listing On | BSE, NSE |
India Shelter Finance Financial Performance
| Â | FY 2021 | FY 2022 | FY 2023 | H1 FY 2024 |
| Revenue | 316.71 | 447.98 | 584.53 | 385.99 |
| Expenses | 209.84 | 292.91 | 404.28 | 260.22 |
| Net income | 87.39 | 128.45 | 155.34 | 107.35 |
| Margin (%) | 27.59 | 28.67 | 26.58 | 27.82 |
India Shelter Finance Offer News
- India Shelter Finance RHP
- India Shelter Finance DRHP
- ASBA IPO Forms
- Live IPO Subscription Status
- IPO Subscription Status
India Shelter Finance Valuations & Margins
| FY 2021 | FY 2022 | FY 2023 | |
| EPS | 9.93 | 14.63 | 17.47 |
| PE ratio | – | – | 26.85 – 28.22 |
| RONW (%) | 9.80 | 12.80 | 13.40 |
| NAV | 109.04 | 123.11 | 141.38 |
| ROE (%) | – | – | 13.40 |
| EBITDA (%) | 70.29 | 71.62 | 71.65 |
| Debt/Equity | 1.34 | 1.79 | 2.12 |
India Shelter Finance IPO GMP Today (Daily Trend)
| Date | Day-wise IPO GMP | Kostak | Subject to Sauda |
| 19 December 2023 | 160 | 400 | 3,700 |
| 18 December 2023 | 160 | 400 | 3,700 |
| 16 December 2023 | 150 | 400 | 3,500 |
| 15 December 2023 | 160 | 400 | 3,500 |
| 14 December 2023 | 160 | 400 | 3,600 |
| 13 December 2023 | 150 | 400 | 3,500 |
| 12 December 2023 | 185 | – | 4,000 |
| 11 December 2023 | 200 | – | 4,500 |
India Shelter Finance IPO Subscription – Live Updates
| Category | QIB | NII | Retail | Total |
|---|---|---|---|---|
| Shares Offered | 51,17,272 | 38,37,953 | 89,55,224 | 1,79,10,449 |
| 15 Dec 2023 | 89.70 | 28.47 | 9.79 | 36.62 |
| 14 Dec 2023 | 0.84 | 7.35 | 5.08 | 4.36 |
| 13 Dec 2023 | 0.57 | 1.74 | 1.90 | 1.48 |
India Shelter Finance IPO Allotment Status
India Shelter Finance IPO allotment status is now available on the KFin Tech website. Click on this link to get allotment status.
India Shelter Finance IPO Dates & Listing Performance
| India Shelter Finance IPO Opening Date | 13 December 2023 |
| India Shelter Finance IPO Closing Date | 15 December 2023 |
| Finalization of Basis of Allotment | 18 December 2023 |
| Initiation of refunds | 19 December 2023 |
| Transfer of shares to demat accounts | 19 December 2023 |
| India Shelter Finance IPO Listing Date | 20 December 2023 |
| Opening Price on NSE | INR 620 per share (up 25.76%) |
| Closing Price on NSE | INR 544.70 per share (up 10.49%) |
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India Shelter Finance IPO Lead Manager
ICICI SECURITIES LIMITED
ICICI Venture House, Appasaheb Marathe Marg
Prabhadevi, Mumbai 400 025, Maharashtra
Phone: +91 22 6807 7100
Email: [email protected]
Website:Â www.icicisecurities.com
India Shelter Finance Offer Registrar
KFIN TECHNOLOGIES LIMITED
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel:Â +91 40 6716 2222 / 1800 309 4001
E-mail:Â [email protected]
Website:Â www.kfintech.com
India Shelter Finance Contact Details
INDIA SHELTER FINANCE CORPORATION LIMITED
3rd Floor, Upper Ground Floor, and Lower Ground Floor,
Plot No. 15, Institutional Area, Sector 44, Gurugram 122 002, Haryana
Phone:Â +91 124 413 1800
Email:Â [email protected]
Website: www.indiashelter.in
India Shelter Finance IPO FAQs
How many shares in India Shelter Finance IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in India Shelter Finance Public Offer?
The best way to apply in India Shelter Finance public offer is through Internet banking ASBA (know all about ASBA here). You can also apply online through your stock broker using UPI. If you prefer to make paper applications, fill up an offline IPO form and deposit the same to your broker.
What is India Shelter Finance IPO GMP today?
India Shelter Finance IPO GMP today is INR 160 per share.
What is India Shelter Finance kostak rate today?
India Shelter Finance kostak rate today is INR 400 per application.
What is India Shelter Finance Subject to Sauda rate today?
India Shelter Finance Subject to Sauda rate today is INR 3,700 per application.
