Fixed Price IPO | ₹16 Cr | Listed at NSE SME | Wed, Dec 21, 2022 - Fri, Dec 23, 2022
Homesfy Realty IPO is a fixed price issue of ₹15.86 crores. The issue is entirely a fresh issue of 0.08 crore shares of ₹15.86 crore.
Homesfy Realty IPO bidding started from Dec 21, 2022 and ended on Dec 23, 2022. The allotment for Homesfy Realty IPO was finalized on Dec 28, 2022. The shares got listed on NSE SME on Jan 2, 2023.
Homesfy Realty IPO price is ₹197 per share. The lot size for an application is 600. The minimum amount of investment required by an individual investor (retail) is ₹1,18,200 (600 shares) (based on upper price). The minimum lot size for investment in HNI is 2 lots (1,200 shares), amounting to ₹2,36,400.
Sarthi Capital Advisors Pvt.Ltd. is the book running lead manager and Bigshare Services Pvt.Ltd. is the registrar of the issue. The Market Maker of the company is Rikhav Securities Ltd..
Refer to Homesfy Realty IPO RHP for detailed Information.
IPO Open
Wed, Dec 21, 2022
IPO Close
Fri, Dec 23, 2022
Issue Price
₹197 per share
Market Cap (Pre-IPO)
₹60.19 Cr
| IPO Date | 21 to 23 Dec, 2022 |
| Listed on | Mon, Jan 2, 2023 |
| Face Value | ₹10 per share |
| Issue Price | ₹197 per share |
| Lot Size | 600 Shares |
| Sale Type | Fresh capital only |
| Issue Type | Fixed Price IPO |
| Listing At | NSE SME |
| Total Issue Size | 8,05,200 shares (agg. up to ₹16 Cr) |
| Reserved for Market Maker | 40,800 shares Rikhav Securities Ltd. (agg. up to ₹0.8038 Cr) |
| Fresh Issue (Ex Market Maker) | 7,64,400 shares (agg. up to ₹15 Cr) |
| Net Offered to Public | 7,64,400 shares (agg. up to ₹15 Cr) |
| Share Holding Pre Issue | 22,50,000 shares |
| Share Holding Post Issue | 30,55,200 shares |
| NSE Symbol | HOMESFY |
| ISIN | INE0N7F01017 |
Homesfy Realty IPO comprises a total issue size of 8,05,200 shares. The net offer to the public is 7,64,400 shares, after excluding 40,800 shares allotted on a firm basis. Of the Net offer 3,82,200 (50.00%) allocated to NII 3,82,200 (50.00%) allocated to RII.
| Investor Category | Shares Offered | % of Net Issue | % of Total Issue |
|---|---|---|---|
| NII (HNI) Shares Offered | 3,82,200 | 50.00% | 47.47% |
| Retail Shares Offered | 3,82,200 | 50.00% | 47.47% |
| Firm Reservations | |||
| Market Maker Shares Offered | 40,800 | 5.07% | |
| Total Shares Offered | 8,05,200 | 100.00% | 100.00% |
Investors can bid for a minimum of 600 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹1,18,200 |
| Retail (Max) | 1 | 600 | ₹1,18,200 |
| HNI (Min) | 2 | 1,200 | ₹2,36,400 |
Incorporated in 2011, Homesfy Realty Limited is Proptech engaged in providing real estate broking services to Real Estate Developers, retail buyers/sellers and investors for residential properties.
The company runs its brokerage business in the name of Homesfy and is well-partnered with the mymagnet.io co-broking platform.
Homesfy Realty Limited has established and currently maintains a network of 7 offices located in 4 cities, Mumbai, Pune, Noida and Bangalore, which primarily engage in sales, marketing and payment collection activities for the business.
Homesfy brokerage business is a combination of both offline and online presence and provides real estate broking-related services through the website http://www.homesfy.in/, prospect calling, and digital advertisement platform.
The company operating model is backed by strong expertise in Digital Marketing and Operational efficiency backed by process-driven expertise, technology and automation. As of October 2022, 245 out of 380 employees were in the sales department.
Strengths:
| Period Ended | 30 Jun 2022 | 31 Mar 2022 | 31 Mar 2021 | 31 Mar 2020 |
|---|---|---|---|---|
| Assets | 19.49 | 17.19 | 12.24 | 7.94 |
| Total Income | 12.39 | 30.40 | 14.76 | 11.93 |
| Profit After Tax | 1.39 | 3.18 | 1.99 | 0.91 |
| NET Worth | 10.84 | 9.45 | 6.27 | 4.28 |
| Reserves and Surplus | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Borrowing | 0.21 | 0.22 | 0.00 | 0.00 |
| Amount in ₹ Crore | ||||
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Working Capital requirements of the Company | 11.61 |
| 2 | General Corporate Purpose | 2.90 |
| KPI | |
|---|---|
| ROE | 33.37 |
| ROCE | 46.18 |
| RoNW | 33.37 |
| PAT Margin | 10.47% |
| EBITDA Margin | 14.97% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 636.82 | |
| P/E (x) | 10.87 | |
| Promoter Holding | 71.69% | 52.80% |
| Market Cap | ₹60.19 Cr. |
The Homesfy Realty IPO is subscribed 21.69 times on December 23, 2022 7:00:00 PM (Day 3). The public issue subscribed 16.55 times in the retail category, [.] times in the QIB category, and 26.82 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| NII* | 26.82 | 3,82,200 | 1,02,51,600 |
| Retail | 16.55 | 3,82,200 | 63,26,400 |
| Total | 21.69 | 7,64,400 | 1,65,78,000 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Payment to Merchant Banker including expenses towards printing, advertising, and payment to other intermediaries such as Registrars, Market Makers, Bankers, Advisory, etc. | 1.20 |
| 2 | Regulatory Fees | 0.15 |
| Price Details | NSE SME |
|---|---|
| Final Issue Price | ₹197.00 |
| Open | ₹275.05 |
| Low | ₹263.00 |
| High | ₹288.80 |
| Last Trade | ₹287.95 |
Lead Manager Reports
Homesfy Realty IPO is a SME IPO of 8,05,200 equity shares of the face value of ₹10 aggregating up to ₹16 Crores. The issue is priced at ₹197 per share. The minimum order quantity is 600.
The IPO opens on Wed, Dec 21, 2022, and closes on Fri, Dec 23, 2022.
Bigshare Services Pvt.Ltd. is the registrar for the IPO. The shares are proposed to be listed on NSE SME.
Zerodha customers can apply online in Homesfy Realty IPO using UPI as a payment gateway. Zerodha customers can apply in Homesfy Realty IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Homesfy Realty IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Homesfy Realty IPO opens on Wed, Dec 21, 2022 and closes on Fri, Dec 23, 2022.
Homesfy Realty IPO lot size is 600, and the minimum amount required for application is ₹1,18,200.
You can apply in Homesfy Realty IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Homesfy Realty IPO will be done on Wednesday, December 28, 2022, and the allotted shares will be credited to your demat account by Fri, Dec 30, 2022. Check the Homesfy Realty IPO allotment status.
The Homesfy Realty IPO listing date is on Mon, Jan 2, 2023.
