India Shelter Finance Corporation Limited IPO is set to launch on 13 December, 2023. The company initiated its business operations in the year 1998. It is engaged in the business of housing finance. Loans are issued by the company for various purposes regarding houses like extension, construction, purchase of new homes, renovation or purchase of new plots. The loans are also issued against property. The loan amount issued by the company ranges from 5 Lakh Rs to 50 Lakh Rs. The total disbursement of loan by the company till date has been close to 5500 Crore Rs. Networking of the company is strong in various areas like Gujarat, Karnataka, Maharashtra, Rajasthan and Madhya Pradesh. It has in all 183 branches across 15 states and has a team base of 300 collection officers.
India Shelter Finance Corporation Limited IPO DETAILS
India Shelter Finance Corporation Limited IPO is set to launch on 13 December, 2023. The subscription timeline extends till 15 December, 2023. The size for the IPO is 1200 Crore Rs. Shares issued through fresh issue mode are worth Rs 800 Crore. Shares issued through offer for sale mode are worth Rs 400 Crore. The lot size is 30 shares and the price is 469 Rs to 493 Rs per share. The company is going to get listed at both NSE and BSE. The face value per share is Rs. 5 and this is a Book Built issue. The registrar for the company is KFin Technologies Limited.
Tabular Description of India Shelter Finance Corporation Limited IPO
| IPO OPENING DATE | 13 December, 2023 |
| CLOSING DATE FOR IPO | 15 December, 2023 |
| ISSUE TYPE | Book Built Issue |
| Face Value per share | 5 Rs. per share |
| IPO price band | 469 Rs. to 493 Rs. per share |
| LOT SIZE | 30 shares |
| MINIMUM ORDER QUANTITY | 30 shares |
| ISSUE SIZE | 1200 Crore Rs. |
| OFFER FOR SALE | 400 Crore Rs. |
| FRESH ISSUE | 800 Crore Rs. |
| LISTING AT | NSE, BSE |
| LISTING DATE | 20 December, 2023 |
India Shelter Finance Corporation Limited IPO : IMPORTANT DATES
| IPO OPENING DATE | 13 December, 2023 |
| CLOSING DATE FOR IPO | 15 December, 2023 |
| IPO ALLOTMENT DATE | 18 December, 2023 |
| REFUNDS | 19 December, 2023 |
| DEMAT A/C CREDITED ON | 19 December, 2023 |
| IPO LISTING DATE | 20 December, 2023 |
India Shelter Finance Corporation Limited IPO begins for subscription from 13 December, 2023. The IPO subscription would continue till 15 December, 2023. The allotment status for the shareholders who applied would come on 18 December, 2023. The refunds for the ones who did not get allotment would be initiated on 19 December, 2023. The DEMAT accounts of shareholders would be credited on 19 December, 2023. The listing of the company would be completed on 20 December, 2023.
India Shelter Finance Corporation Limited IPO : Lead Managers
The lead managers are :
- Citigroup Global Markets India Private Limited
- ICICI Securities Limited
- Ambit Private Limited
- Kotak Mahindra Capital Company Limited
The minimum lot size for the company is decided at 30 shares. This holding accounts to 14790 Rs.. The maximum lot size is decided at 390 shares. This amounts to 192270 Rs.. Hence the company’s final holdings would be set as :
| Shares | Amount | |
| Minimum | 30 shares | 14790 Rs. |
| Maximum | 390 shares | 192270 Rs. |
OBJECTIVES FOR THE IPO
- IPO proceeds would be used for general corporate purposes.
- The company will use the IPO money for further working capital requirements.
COMPANY FINANCIALS
| Particularly (in Crore Rs.) | 2020-21 | 2021-22 | 2022-23 |
| ASSETS | 2462 | 3221 | 4295 |
| Revenue | 322 | 459 | 606 |
| PAT | 87 | 128 | 155 |
India Shelter Finance Corporation Limited had an asset base of 2462 Crore Rs in 2021 which increased to 3221 Crore Rs in 2022. The assets of the company increased to 4295 Crore Rs in 2023. The revenue of the firm was 322 Crore Rs in 2021, 459 Crore Rs in 2022 and 606 Crore Rs in 2023. The profit earned by the company was 87 Crore Rs in 2021, 128 Crore Rs in 2022 and 155 Crore Rs in 2023.
PROS
- Loans are issued by the company for various purposes regarding houses like extension, construction, purchase of new homes, renovation or purchase of new plots. The loans are also issued against property.
- The loan amount issued by the company ranges from 5 Lakh Rs to 50 Lakh Rs.
- The total disbursement of loan by the company till date has been close to 5500 Crore Rs.
- Networking of the company is strong in various areas like Gujarat, Karnataka, Maharashtra, Rajasthan and Madhya Pradesh. It has in all 183 branches across 15 states and has a team base of 300 collection officers.
CONS
- The company works in a highly competitive segment.
India Shelter Finance Corporation Limited IPO Application Process with Zerodha
It is very easy to apply for an IPO now if you have a DEMAT account with Zerodha. Follow the steps below for the same :
- Logging into Zerodha console through its website or KITE platform. Clicking the IPO section present in the ORDER tab.
- Click the India Shelter Finance Corporation Limited IPO button and press the BID button.
- Entering the details asked for like UPI ID, Quantity and price.
- Submit the application form for the IPO.
- Visiting the application of UPI for approving the transaction.
Now, applying for an IPO online is possible with most of the Discount and online brokers.
