India Shelter Finance Corporation Ltd
Price Range
₹469 - ₹493
Min. Quantity
30
Closes on
15 December 2023
Min. investment
₹14,790/390 Shares
India Shelter Finance Corporation Ltd IPO Timeline
India Shelter Finance Corporation Ltd was incorporated under the name 'Satyaprakash Housing Finance India Limited' on October 26, 1998, as a Public Limited Company, pursuant to a Certificate of Incorporation dated October 26, 1998. A Certificate for Commencement of Business dated November 18, 1998, was granted to 'Satyaprakash Housing Finance India Limited' by the Registrar of Companies, Madhya Pradesh at Gwalior. Pursuant to Change of the Name of Company from 'Satyaprakash Housing Finance India Limited' to 'India Shelter Finance Corporation Limited', as approved by Shareholders, Company was issued a fresh Certificate of Incorporation dated July 8, 2010, by the Registrar of Companies, Madhya Pradesh and Chhattisgarh at Gwalior. A Certificate of Registration dated September 14, 2010 was granted to Company by the National Housing Bank (NHB) to carry on the business of a housing finance institution without accepting public deposits.
| Event | Date |
|---|---|
| India Shelter Finance Corporation Ltd IPO Opening Date | 13 December 2023 |
| India Shelter Finance Corporation Ltd IPO Closing Date | 15 December 2023 |
| Basis of Allotment | 18 December 2023 |
| Initiation of Refunds | 19 December 2023 |
| Credit of Shares to Demat | 19 December 2023 |
| India Shelter Finance Corporation Ltd IPO Listing Date | 20 December 2023 |
India Shelter Finance Corporation Ltd IPO Details
| India Shelter Finance Corporation Ltd IPO Date | 13 December 2023 to 15 December 2023 |
| India Shelter Finance Corporation Ltd IPO Face Value | ₹5 per share |
| India Shelter Finance Corporation Ltd IPO Price | ₹469 to ₹493 per share |
| India Shelter Finance Corporation Ltd IPO Lot Size | 30 |
| Issue Size | Shares of ₹5 (aggregating up to ₹1,200 Cr) |
| Fresh Issue | Shares of ₹5 (aggregating up to ₹800 Cr) |
| Offer for Sale | Shares of ₹5 (aggregating up to ₹400 Cr) |
| Issue Type | (Book Built Portion) |
| Listing At | BSE, NSE |
| QIB Shares Offered | Not more than 51,17,272 of the Net Offer |
| Retail Shares Offered | Not less than 89,55,224 of the Net Offer |
| NII (HNI) Shares Offered | Not less than 38,37,953 of the Net Offer |
| Company Promoters | Anil Mehta, Westbridge Crossover Fund LLC, Aravali Investment Holdings |
India Shelter Finance Corporation Ltd IPO Lot Size
The India Shelter Finance Corporation Ltd IPO lot size is 30 shares. A retail-individual investor can apply for up to 13 lots (390 shares or ₹1,92,270).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Minimum | 1 | 30 | ₹14,790 |
| Maximum | 13 | 390 | ₹1,92,270 |
- Strengths
- Risks
- Opportunities
- One of the fastest growing assets under management 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.
Company Financials
India Shelter Finance Corporation Ltd Financial Information (Restated)
| Period Ended | Total Assets | Total Revenue | Profit After Tax |
|---|---|---|---|
| 03-2024 | 5,793.08 | 860.38 | 246.87 |
| 03-2023 | 4,295.13 | 605.63 | 154.98 |
| 03-2022 | 3,221.22 | 459.81 | 128.45 |
| Amount in ₹ Crore | |||
Objects of the Issue
The company proposes to utilise the Net Proceeds from the Fresh Issue towards funding the following objects:
- To meet future capital requirements towards onward lending
- General corporate purposes
India Shelter Finance Corporation Ltd IPO Promoter Holding
| Pre Issue Share Holding | 1.7% |
| Post Issue Share Holding | 1.5% |
India Shelter Finance Corporation Ltd IPO Subscription Status (Bidding Detail)
The India Shelter Finance Corporation Ltd IPO is subscribed 36.71 times on 15 December 2023 05:00:00 PM. The public issue subscribed 9.95 times in the retail category, 89.7 times in the QIB category, and 28.51 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | QIB | NII | Retail | Employee | Total |
| Subscription (times) | 89.7 | 28.51 | 9.95 | - | 36.71 |
India Shelter Finance Corporation Ltd IPO Prospectus
India Shelter Finance Corporation Ltd IPO Listing Date
| Listing Date | 20 December 2023 |
| BSE Script | 544044 |
| NSE Symbol | INDIASHLTR |
| Listing In | BSE, NSE |
| ISIN | INE922K01024 |
| IPO Price | ₹493 |
| Face Value | ₹5 |
Company Contact Information
6th Flr Plot # 15 Sector 44Institutional Area,Gurugram-122002
Phone: +91 124 413 1800
Email: compliance@indiashelter.in
Website: www.indiashelter.in
India Shelter Finance Corporation Ltd IPO Registrar
India Shelter Finance Corporation Ltd IPO Lead Manager(s)
- ICICI Securities Ltd
- Citigroup Global Markets India Pvt Ltd
- Kotak Mahindra Capital Company Ltd
- Ambit Pvt Ltd
FAQ
What is the issue size of India Shelter Finance Corporation Ltd IPO?
I have pre-applied for India Shelter Finance Corporation Ltd IPO. When will my order get placed?
In case of pre-apply, your IPO order will be placed on the Exchange as soon as the official bidding for TBI Corn Ltd IPO begins. You will receive a UPI request within 24 hours after the bidding period opens.