Bookbuilding IPO | ₹1,200 Cr | Listed at BSE, NSE | Wed, Dec 13, 2023 - Fri, Dec 15, 2023
India Shelter Finance IPO is a book build issue of ₹1,200.00 crores. The issue is a combination of fresh issue of 1.62 crore shares aggregating to ₹800.00 crores and offer for sale of 0.81 crore shares aggregating to ₹400.00 crores.
India Shelter Finance IPO bidding started from Dec 13, 2023 and ended on Dec 15, 2023. The allotment for India Shelter Finance IPO was finalized on Dec 18, 2023. The shares got listed on BSE, NSE on Dec 20, 2023.
India Shelter Finance IPO price band is set at ₹493 per share. The lot size for an application is 30. The minimum amount of investment required by an retail is ₹14,790 (30 shares) (based on upper price). The lot size investment for sNII is 14 lots (420 shares), amounting to ₹2,07,060, and for bNII, it is 68 lots (2,040 shares), amounting to ₹10,05,720.
ICICI Securities Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to India Shelter Finance IPO RHP for detailed Information.
IPO Open
Wed, Dec 13, 2023
IPO Close
Fri, Dec 15, 2023
Issue Price
₹493 per share
Market Cap (Pre-IPO)
₹5,277.62 Cr
| IPO Date | 13 to 15 Dec, 2023 |
| Listed on | Wed, Dec 20, 2023 |
| Face Value | ₹5 per share |
| Price Band | ₹469 to ₹493 |
| Issue Price | ₹493 per share |
| Lot Size | 30 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,43,40,768 shares (agg. up to ₹1,200 Cr) |
| Fresh Issue | 1,62,27,180 shares (agg. up to ₹800 Cr) |
| Offer for Sale | 81,13,588 shares of ₹5 (agg. up to ₹400 Cr) |
| Share Holding Post Issue | 10,70,51,137 shares |
| BSE Script Code / NSE Symbol | 544044 / INDIASHLTR |
| ISIN | INE922K01024 |
India Shelter Finance IPO offers total 2,43,40,768 shares. Out of which 1,21,70,383 (50.00%) allocated to QIB, 48,68,154 (20.00%) allocated to QIB (Ex- Anchor), 36,51,116 (15.00%) allocated to NII 85,19,269 (35.00%) allocated to RII and 73,02,229 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Max Allottees |
|---|---|---|
| QIB Shares Offered | 1,21,70,383 (50.00%) | NA |
| − Anchor Investor Shares Offered | 73,02,229 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 48,68,154 (20.00%) | NA |
| NII (HNI) Shares Offered | 36,51,116 (15.00%) | NA |
| − bNII > ₹10L | 24,34,077 (10.00%) | 5,795 |
| − sNII < ₹10L | 12,17,039 (5.00%) | 2,897 |
| Retail Shares Offered | 85,19,269 (35.00%) | 2,83,975 |
| Total Shares Offered | 2,43,40,768 (100.00%) |
Investors can bid for a minimum of 30 shares and in multiples thereof.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | ₹14,790 |
| Retail (Max) | 13 | 390 | ₹1,92,270 |
| S-HNI (Min) | 14 | 420 | ₹2,07,060 |
| S-HNI (Max) | 67 | 2,010 | ₹9,90,930 |
| B-HNI (Min) | 68 | 2,040 | ₹10,05,720 |
India Shelter Finance IPO raises ₹360.00 crore from anchor investors. India Shelter Finance IPO Anchor bid date is December 12, 2023.
📝 Anchor Investors Letter (PDF)
| Bid Date | Tue, Dec 12, 2023 |
| Shares Offered | 73,02,229 |
| Anchor Portion (₹ Cr.) | 360.00 |
| Anchor lock-in period end date for 50% shares (30 Days) | Wed, Jan 17, 2024 |
| Anchor lock-in period end date for remaining shares (90 Days) | Sun, Mar 17, 2024 |
Incorporated in 1998, India Shelter Finance Corporation Limited, previously known as Satyaprakash Housing Finance India 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.
As of September 30, 2023, the company has a network of 203 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 203 as of September 30, 2023.
The company pursues a Phygital model which involves a "foot on the street" approach to physical customer service through a network of more than 1,500 customer advisors (as of 30 September 2023) and the digitalization of customer service in all credit and banking processes.
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.
| 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 |
| Total Income | 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 Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | To meet future capital requirements towards onward lending | 640.00 |
| 2 | General corporate purposes | 110.92 |
| KPI | |
|---|---|
| ROE | 13.4% |
| Debt/Equity | 2.12 |
| RoNW | 13.4% |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (₹) | 17.47 | |
| P/E (x) | 28.22 | 24.58 |
| Promoter Holding | 56.75% | 48.17% |
| Market Cap | ₹5,277.62 Cr. |
The India Shelter Finance IPO is subscribed 38.59 times on December 15, 2023 7:02:00 PM (Day 3). The public issue subscribed 10.46 times in the retail category, 94.29 times in the QIB category, and 29.97 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 94.29 | 48,68,154 | 45,90,12,960 |
| NII | 29.97 | 36,51,116 | 10,94,12,700 |
| bNII (bids above ₹10L) | 29.77 | 24,34,077 | 7,24,51,200 |
| sNII (bids below ₹10L) | 30.37 | 12,17,039 | 3,69,61,500 |
| Retail | 10.46 | 85,19,270 | 8,90,97,360 |
| Total | 38.59 | 1,70,38,540 | 65,75,23,020 |
Total Application : 25,73,896
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managers’ (“BRLM”) fees and commissions (including brokerage, underwriting and selling commission) | 36.88 |
| 2 | Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, Self Certified Syndicate Banks (“SCSB”), Registrar and Share Transfer Agents (“RTA”) and Collecting Depository Participants (“CDP”)(2)(3)(4)(5)(6)(7) | 3.60 |
| 3 | Fees payable to the Registrar to the Offer | 0.26 |
| 4 | Other expenses | 32.89 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹493.00 | ₹493.00 |
| Open | ₹612.70 | ₹620.00 |
| Low | ₹530.95 | ₹531.00 |
| High | ₹625.00 | ₹630.00 |
| Last Trade | ₹543.50 | ₹544.70 |
India Shelter Finance IPO is a main-board IPO of 2,43,40,768 equity shares of the face value of ₹5 aggregating up to ₹1,200 Crores. The issue is priced at ₹493 per share. The minimum order quantity is 30.
The IPO opens on Wed, Dec 13, 2023, and closes on Fri, Dec 15, 2023.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in India Shelter Finance IPO using UPI as a payment gateway. Zerodha customers can apply in India Shelter Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in India Shelter Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The India Shelter Finance IPO opens on Wed, Dec 13, 2023 and closes on Fri, Dec 15, 2023.
India Shelter Finance IPO lot size is 30, and the minimum amount required for application is ₹14,790.
You can apply in India Shelter Finance 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 India Shelter Finance IPO will be done on Monday, December 18, 2023, and the allotted shares will be credited to your demat account by Tue, Dec 19, 2023. Check the India Shelter Finance IPO allotment status.
The India Shelter Finance IPO listing date is on Wed, Dec 20, 2023.
