India Shelter Finance Corporation Limited IPO
- IPO Date13 Dec, 2023 to 15 Dec, 2023
- Listing Date20 Dec, 2023
- Face Value₹5 per share
- Issue Price₹469 to ₹493 per share
- Lot Size30 Shares
- Minimum Investment₹14,790
- Listing AtBSE, NSE
- Total Issue Size2,43,40,771 Shares
(aggregating up to ₹1200.00 Cr) - Fresh Issue1,62,27,181 Shares
(aggregating up to ₹800.00 Cr)
- Offer for Sale81,13,590 Shares
(aggregating up to ₹400.00 Cr) - Issue TypeBook Built Issue IPO
- Share holding pre issue9,08,23,956
- Shareholding post issue10,70,51,137
IPO Dates
Closing Date
15 Dec, 2023
Initiation of Refunds
19 Dec, 2023
Listing Date
20 Dec, 2023
13 Dec, 2023
Opening Date
18 Dec, 2023
Basis of Allotment
19 Dec, 2023
Credit of Shares
India Shelter Finance Corporation Limited Lot Size
Investors can bid for a minimum of 30 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Max) | 13 | 390 | ₹1,92,270 |
| S-HNI (Min) | 14 | 420 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2010 | ₹9,90,930 |
| Retail (Min) | 1 | 30 | ₹14,790 |
| B-HNI (Min) | 68 | 2040 | ₹10,05,720 |
India Shelter Finance Corporation Limited Promoter Holding
Anil Mehta, WestBridge Crossover Fund, LLC, and Aravali Investment Holdings are the company's promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 56.75% | 48.17% |
India Shelter Finance Corporation Limited COMPANY INFORMATION
India Shelter Finance IPO is a book built issue of Rs 1,200.00 crores. The issue is a combination of fresh issue of 1.62 crore shares aggregating to Rs 800.00 crores and offer for sale of 0.81 crore shares aggregating to Rs 400.00 crores. India Shelter Finance IPO opens for subscription on December 13, 2023 and closes on December 15, 2023. The allotment for the India Shelter Finance IPO is expected to be finalized on Monday, December 18, 2023. India Shelter Finance IPO will list on BSE, NSE with tentative listing date fixed as Wednesday, December 20, 2023. India Shelter Finance IPO price band is set at ₹469 to ₹493 per share. The minimum lot size for an application is 30 Shares. The minimum amount of investment required by retail investors is ₹14,790. The minimum lot size investment for sNII is 14 lots (420 shares), amounting to ₹207,060, and for bNII, it is 68 lots (2,040 shares), amounting to ₹1,005,720. ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited and Ambit Private Limited are the book running lead managers of the India Shelter Finance IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to India Shelter Finance IPO RHP for detailed information.
Incorporated in 1998, India Shelter Finance Corporation Limited is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP).
The company offers loan amounts between Rs. 5 Lakhs to Rs. 50 Lakhs for a tenure of up to 20 years. As of 30th Nov 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, helping families own, extend, or improve their homes.
The company has a network of 183 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company's number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 183 as of March 31, 2023.
India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, as of March 31, 2023.
To enhance customer satisfaction, India Shelter has launched iServe - a dedicated customer service application catering to queries and concerns of existing customers online on time.
As of March 31, 2023, of the company borrowers, 97.5% had one or more borrowers as women and 71.3% of our customers were first-time home loan takers.
The core strengths of the company are as follows:-
• One of the fastest-growing housing finance companies in India, with a granular, retail-focused portfolio that generates high yields.
• The company's distribution network is both physical and digital and is spread across various cities, including Tier II and Tier III cities.
• The company utilizes an in-house origination model to ensure efficient and seamless operations across various key functions.
FAQs About India Shelter Finance Corporation Limited Ipo
India Shelter Finance Corporation Limited IPO will open on 13 Dec, 2023 and close on 15 Dec, 2023. Investors must apply within this period to participate.
The India Shelter Finance Corporation Limited IPO price band is set between ₹469.00 and ₹493.00 per share. The minimum lot size is 30, requiring an investment of at least ₹14790.00.
The India Shelter Finance Corporation Limited IPO shares are expected to be listed on 20 Dec, 2023, subject to regulatory approvals and final allotment.
You can track your India Shelter Finance Corporation Limited IPO application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The India Shelter Finance Corporation Limited IPO will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.