India Shelter Finance Corporation IPO Details
Issue Date
13 Dec - 15 Dec'23
Price Range
₹469 - ₹493
Lot Size
30
IPO Size
₹1200.00 Cr
India Shelter Finance Corporation IPO Listing Details
Listing On
20 Dec'23
Issue Price
₹493
Listed Price
₹ 620
Retail Gain/Listing Gain
▲25.76%
Schedule of India Shelter Finance Corporation IPO
Start date
13/12/2023
End date
15/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
20/12/2023
India Shelter Finance IPO Review | Issue Details, Future Strategies And More
Kotak Neo
•03m 36s
Company Background
India Shelter Finance Corporation Limited is a retail-focused affordable housing finance company with an extensive distribution network of 203 branches as of September 30, 2023.
The company primarily caters to self-employed customers, with an emphasis on first-time home loan applicants within the low and middle-income groups in Tier II and Tier III cities in India. They also specialise in affordable housing loans, defined as loans with a ticket size below Rs. 2.5 million.
Competitive Strengths
High Yields, and Granular, Retail Focused Portfolio
Extensive and Diversified Phygital Distribution Network
Diversified Financing Profile with a Demonstrated Track Record of Reducing Financing Costs
Risk Factors
- The company requires substantial capital for the business and operations.
- Any inability to comply with the financial and other covenants under their debt financing arrangements could adversely affect the business.
- The risk of non-payment or default by customers may adversely affect the business.
Key Strategies
- Grow and diversify their distribution network to achieve deeper penetration in key states and drive sustainable growth.
- Leverage their technology stack to achieve scalability, improving the efficiency and productivity of existing branches.
- Diversify borrowing profile and optimise borrowing costs.
Key Financials
Here are the key financials for India Shelter Finance Corporation Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59 s
India Shelter Finance Corporation IPO FAQs
The India Shelter Finance Corporation IPO opens for subscription from 13-12-2023 to 15-12-2023, with a total issue size of ₹1200.00 Cr. The IPO price band is ₹469 to ₹493 per share with a lot size of 30. The company aims to list the shares on BSE & NSE on 20-12-2023.
The India Shelter Finance Corporation IPO will open for subscription on 13-12-2023 and will close on 15-12-2023 for investors.
The minimum lot size for the India Shelter Finance Corporation IPO is 30 equity shares, requiring a minimum investment of ₹14790 for retail investors applying in the IPO.
The price band of the India Shelter Finance Corporation IPO has been fixed at ₹469 to ₹493 per equity share.
You can apply for the India Shelter Finance Corporation IPO online through the Kotak Neo Website or the Kotak Neo App using UPI or ASBA during the IPO subscription period.
India Shelter Finance Corporation IPO allotment will take place on [-].
You can check the India Shelter Finance Corporation IPO allotment status online on the registrar’s website or on the NSE and BSE IPO allotment pages using your application number, PAN, or demat account details.
India Shelter Finance Corporation shares will list on the stock exchanges on 20-12-2023.
You can find detailed information about the India Shelter Finance Corporation IPO, including its business operations, financial performance, risk factors, and IPO objectives, in the Draft or Red Herring Prospectus (RHP).
The India Shelter Finance Corporation Limited IPO has an issue size of Rs. 1,200 crores. The IPO opens for subscription on 13th December 2023 and closes on 15th December 2023.
KFin Technologies Limited is the registrar for this IPO.
You may read more about India Shelter Finance Corporation Limited and its IPO from the company’s red herring prospectus (RHP) here:
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