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IPO Status: Listed [13th Dec 2023 to 15th Dec 2023]
India Shelter Finance Corporation Limited is set to go public to list at the NSE and the BSE Exchange. The total issue size is Rs 1200 Cr including fresh issue of Rs 800 cr and OFS worth Rs 400 Cr. The IPO opens for subscription from 13 to 15 Dec 2023. The face value of each share is Rs 5. The Price band is Rs 469 to 493 per shere and the lot size for this IPO is 30 shares or its multiples.
Stay updated to know more about India Shelter Finance Corporation IPO 2023 including business overview, financials, IPO objectives, live subscription, allotment status, and more.
| IPO Issue Opening Date: | 13th Dec 2023 |
| IPO Issue Closing Date: | 15th Dec 2023 |
| IPO Issue Price: | ₹469.00-493.00 Per Share |
| DRHP: | Download DRHP |
| RHP: | Download RHP |
| Anchor List: | Download Anchor List |
| IPO Listing At: | BSE, NSE |
| Retail Quota: | Not less than 35.00% of the Offer |
| IPO Issue Type: | Book Build Issue |
| IPO Issue Size: | ₹1200.00 Cr |
| Offer for Sale: | ₹400.00 Cr |
| Fresh Issue: | ₹800.00 Cr |
| Face Value: | ₹5 Per Equity Share |
| IPO Discount: | TBD |
| Promoter Holding Pre IPO: | 56.75% |
| Promoter Holding Post IPO: | 48.17% |
| Allotment Status: | Allotment Status |
| BSE Code: | 544044 |
| NSE Code: | INDIASHLTR |
Get important updates regarding India Shelter Finance Corporation IPO tentative timeline covering IPO opening, closing, allotment, and listing dates. Dates are updated as they are announced.
| IPO Activity | Date |
|---|---|
| Basis of Allotment Date* | 18th Dec 2023 |
| Refunds Initiation* | 19th Dec 2023 |
| Credit of Shares to Demat* | 19th Dec 2023 |
| IPO Listing Date* | 20th Dec 2023 |
* - Tentative Dates
| IPO Activity | Date |
|---|---|
| Issue Price | ₹469.00-493.00 |
| Market Lot: | 30 Shares |
| 1 Lot Amount: | ₹14790 |
| Min Small HNI Lots(2-10 Lakh): | 420 shares (14 lots) |
| Min Big HNI Lots(10+ Lakh): | 2040 shares (68 lots) |
| GMP Date | IPO Price | GMP | Sub2 Sauda Rate | Expected Listing Gain | Last Updated |
|---|---|---|---|---|---|
| 20-12-2023 | 493.00 | 157 | 3600/50400 | ₹650 (31.85%) | 20-Dec-2023 9:30 |
**The GMP prices shown here are only news related to the grey market. We do not trade/deal in grey market or subject to rates (sub2), nor do we recommend trading in grey market.
India Shelter Finance Corporation is an affordable housing finance company in India. Its target segment includes self-employed customers who focus on first-time home loan takers in the low and middle-income groups in Tier II and Tier III cities.
It has an extensive network of 183 branches across 15 states with a significant presence in Maharashtra, Madhya Pradesh, Karnataka, Rajasthan, and Gujarat.
It has a cloud-based integrated customer relationship management and loan management system.
| Incorporation | Sector | IPO Issue Size | Website |
| 1998 | Housing Finance | ₹1200.00 Cr | https://www.indiashelter.in/ |
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
Our experts can help you prepare for SME IPO
The table below is live update of IPO bidding details from NSE and BSE.
| Day | QIB | NII | RII | Total | |
|---|---|---|---|---|---|
| # of Shares Offered | 4,868,154 (28.57%) | 3,651,116 (21.43%) | 8,519,270 (50%) | 17,038,540 | |
| 1 | 13th Dec 2023 19:04 | 0.38x | 4.42x | 2.53x | 2.34x |
| 2 | 14th Dec 2023 19:04 | 0.88x | 7.76x | 5.41x | 4.62x |
| 3 | 15th Dec 2023 19:04 | 94.29x | 29.97x | 10.46x | 38.59x |
India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.
| Period Ended | 30 Sep 2023 | 31 Mar 2023 | 31 Mar 2022 | 31 Mar 2021 |
| Assets | 4,758.68 | 4,295.59 | 3,221.22 | 2,462.64 |
| Revenue | 398.58 | 606.23 | 459.81 | 322.80 |
| Profit After Tax | 107.35 | 155.34 | 128.45 | 87.39 |
| Net Worth | 1,374.97 | 1,240.53 | 1,076.13 | 937.27 |
| Reserves and Surplus | 1,335.36 | 1,197.98 | 1,033.02 | 894.20 |
| Total Borrowing | 3,272.48 | 2,973.43 | 2,059.40 | 1,480.72 |
| Amount in ₹ Crore | ||||
The table below show peer comparison from DRHP/RHP.
| Company | EPS Basic | EPS Diluted | NAV | P/E(x) | RoNW | Financial statements |
|---|---|---|---|---|---|---|
| India Shelter Finance Corporation Limited | 17.75 | 17.47 | 141.38 | 13.4 | ||
| Aptus Value Housing Finance India Limited | 10.11 | 10.08 | 67.05 | 29.9 | 16.1 | |
| Aavas Financiers Limited | 54.38 | 54.26 | 413.58 | 27.4 | 14.1 | |
| Home First Finance Company India Limited | 26.01 | 25.2 | 206.48 | 37.7 | 13.5 |
Last Updated on 24-Dec-2023 06:02:46
Zerodha allows to apply online in IPOs via their back office software "console". UPI payment mode is to be used to apply online through Zerodha. To purchase India Shelter Finance Corporation IPO with Zerodha, you must be Zerodha customer and have UPI payment setup. For more details please visit detailed article Step by Step Guide to apply India Shelter Finance Corporation IPO with Zerodha.
Alternate approch to apply in India Shelter Finance Corporation IPO is ASBA. You can use Zerodha DP information and apply online via ASBA with your prefered net banking user id.
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To subscribe or apply in India Shelter Finance Corporation IPO, you can use the following methods:
| India Shelter Finance Corporation IPO Applying Mode | ||
| Online Application | 3-in-1 Trading Account | If your broker is 3-in-1 service provider, you can apply in India Shelter Finance Corporation IPO directly with your brokers website. Example HDFC Sky, ICICI Direct, AxisDirect are 3-in-1 brokers provide you direct IPO investment. |
| Online Application | 2-in-1 Trading Account | Brokers like Zerodha, TradeSmart Online provides access to applying in India Shelter Finance Corporation IPO with their in-house developed platform. You need to apply in IPO via UPI payment method. You must have access of your UPI mandate to apply in IPO online. |
| Online Application | ASBA | This is one of the most popular mode of applying in India Shelter Finance Corporation IPO. Most of the Syndicate Banks provide access to apply in India Shelter Finance Corporation IPO via ASBA process. You must have your net banking access, DP ID information to apply in India Shelter Finance Corporation IPO via ASBA. Bank like Axis, SBI allows you to apply maximum 5 application from one bank account. However, ICICI, HDFC bank have limit of one IPO ASBA application per account. |
| Offline Application | Physical Form | You can apply in India Shelter Finance Corporation IPO via physical form, but not with ASBA. Physical Forms need to be filled using UPI mode of payment and need to approve the mandate of UPI with your registered phone number with your UPI provider. You can use BHIM app or banks mobile app who support UPI process like SBI, HSBC, Axis, ICICI, HDFC, Yes Bank, Citi Bank mobile app. |
India Shelter Finance Corporation IPO Review and Important Updates
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Applying in India Shelter Finance Corporation IPO is very easy and quick process via ASBA. You can use your net banking user id and password to apply in IPO. In case you want to submit physical application, you can download India Shelter Finance Corporation IPO application online and submit to the nearest bank or to your broker. With new mandate from SEBI, all physical application need to use UPI mode of payment. In such case you have to setup UPI and provide your UPI information in physical application. Once your bank receives your application they will use UPI ID to block your money. You will get UPI mandate and need to approve the same to submit your application.
For more details on how to use UPI payment method to apply India Shelter Finance Corporation IPO, please refer article >> Link
India Shelter Finance Corporation IPO Review and Important Updates
Steps to download the online application form for India Shelter Finance Corporation IPO
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India Shelter Finance Corporation IPO is going to be list on 20-12-2023. NSE Code for India Shelter Finance Corporation is INDIASHLTR. BSE Code for India Shelter Finance Corporation is 544044.
Other relevant questions:
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India Shelter Finance Corporation IPO Allotment Date is 18-12-2023.
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