Free Equity Delivery
Flat ₹10 per Trade in Intraday & F&O
Repco Home Finance IPO is a book build issue of ₹270.23 crores. The issue is entirely a fresh issue of 1.57 crore shares of ₹270.23 crore.
Repco Home Finance IPO bidding started from Mar 13, 2013 and ended on Mar 15, 2013. The shares got listed on BSE, NSE on Apr 1, 2013.
Repco Home Finance IPO price band is set at ₹172.00 per share . The lot size for an application is 75. The minimum amount of investment required by an retail is ₹12,375 (75 shares). The lot size investment for sNII is 16 lots (1,200 shares), amounting to ₹2,06,400, and for bNII, it is 78 lots (5,850 shares), amounting to ₹10,06,200.
The issue includes a reservation of up to 1,80,000 shares for employees offered at a discount of ₹16.00 to the issue price.
Dam Capital Advisors Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Repco Home Finance IPO RHP for detailed Information.
| IPO Date | March 13, 2013 to March 15, 2013 |
| Listing Date | April 1, 2013 |
| Face Value | ₹10 per share |
| Issue Price Band | ₹165 to ₹172 per share |
| Issue Price Final | ₹172 per share |
| Lot Size | 75 Shares |
| Sale Type | Fresh Capital |
| Total Issue Size | 1,57,20,262 shares (aggregating up to ₹270.23 Cr) |
| Employee Discount | ₹16.00 |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 4,64,40,785 shares |
| Share Holding Post Issue | 6,21,61,047 shares |
Repco Home Finance IPO offers total 1,57,20,262 shares. Out of which 77,70,130 (49.43%) allocated to QIB, 54,39,091 (34.60%) allocated to QIB, 23,31,040 (14.83%) allocated to NII, 54,39,092 (34.60%) allocated to RII and 23,31,039 (14.83%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 77,70,130 (49.43%) | NA |
| − Anchor Investor Shares Offered | 23,31,039 (14.83%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 54,39,091 (34.60%) | NA |
| NII (HNI) Shares Offered | 23,31,040 (14.83%) | NA |
| Retail Shares Offered | 54,39,092 (34.60%) | 72,521 |
| Employee Shares Offered | 1,80,000 (1.15%) | NA |
| Total Shares Offered | 1,57,20,262 (100.00%) |
| Application Category | Maximum Bidding Limits | Bidding at Cut-off Price Allowed |
|---|---|---|
| Only RII | Up to Rs 2 Lakhs | Yes |
| Only sNII | Rs 2 Lakhs to Rs 10 Lakhs | No |
| Only bNII | Rs 10 Lakhs to NII Reservation Portion | No |
| Only employee | Yes | |
| Employee + RII/NII |
|
Yes for Employee and RII/NII |
Repco Home Finance IPO opens on March 13, 2013, and closes on March 15, 2013.
| IPO Open Date | Wed, Mar 13, 2013 |
| IPO Close Date | Fri, Mar 15, 2013 |
| Tentative Listing Date | Mon, Apr 1, 2013 |
| Cut-off time for UPI mandate confirmation | 5 PM on Fri, Mar 15, 2013 |
Investors can bid for a minimum of 75 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹12,900 |
| Retail (Max) | 15 | 1,125 | ₹1,93,500 |
| S-HNI (Min) | 16 | 1,200 | ₹2,06,400 |
| S-HNI (Max) | 77 | 5,775 | ₹9,93,300 |
| B-HNI (Min) | 78 | 5,850 | ₹10,06,200 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Incorporated in 2000, Repco Home Finance Ltd (RHFL) is mainly engaged in the business of housing finance. RHFL products include dream home loans, home makeover loans, mortgage loans, plot loans, commercial construction loans, NRI housing loans and loans for fifty-plus individuals.
RHFL is operating through 73 branches and 19 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat and the
Union Territory of Puducherry. They are registered as a housing finance company with the NHB, the housing finance regulator of India. Company is headquartered in Chennai, Tamil Nadu and promoted by The Repatriates Co-operative Finance and Development Bank Limited ("Repco Bank Limited"), a Government of India owned enterprise, in April 2000.
They are in the business of financing:
1. The construction and/or purchase of residential and commercial properties including repairs and renovations ("Individual Home Loans"); and
2. Loans against properties ("Loans Against Property").
| KPI | Values |
|---|---|
| RoNW | 22.28% |
Company intends to utilise the proceeds from the Issue, after deduction of the Issue related expenses (the "Net Proceeds") towards augmentation of their capital base to meet their future capital requirements arising out of growth in their business.
[Dilip Davda] <p>On performance front, the company has posted an average EPS of Rs. 13.01 for last three fiscals and for first six months ended 30.09.12 Rs. 7.67 (Not annualized). Thus the asking price is at a P/E of 12 plus on the existing equity of Rs. 46.44 crore which will stand enhanced to Rs. 62.16 crore post this issue. Attribution of these earnings on expanded equity translates asking price at around 15.5 P/E. Its NAV as on 30.09.12 is Rs. 72.97, thus offer is at a P/BV of 2.26 and compares well with leading peers like LIC HF, HDFC, Gruh Finance etc.</p> <p>On BRLM's mandate performance front the data represents the total issues managed / number of issues failed to give listing gain respectively - SBI Cap (20/9), IDFC (11/4) and JM Financial (24/8). However, considering the fancy for housing finance companies, moderate investment is <strong>recommended</strong>.</p> Read detail review...
ICRA has assigned an IPO Grade 3 to Repco Home Finance Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| Listing Date | April 1, 2013 |
| BSE Script Code | 535322 |
| NSE Symbol | REPCOHOME |
| ISIN | INE612J01015 |
| Final Issue Price | ₹172 per share |
| BSE Listing Group | B |
Repco Home Finance Ltd.
Repco Tower No 33,
North Usman Road,
T Nagar
Chennai, Tamil Nadu, 600017
Phone: 91-44-28340715
Email: cs@repcohome.com
Website: http://www.repcohome.com
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: repco.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Repco Home Finance IPO is a main-board IPO of 1,57,20,262 equity shares of the face value of ₹10 aggregating up to ₹270.23 Crores. The issue is priced at ₹172 per share. The minimum order quantity is 75.
The IPO opens on March 13, 2013, and closes on March 15, 2013.
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 Repco Home Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Repco Home Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Repco Home Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Repco Home Finance IPO opens on March 13, 2013 and closes on March 15, 2013.
Repco Home Finance IPO lot size is 75, and the minimum amount required for application is ₹12,900.
You can apply in Repco Home 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 Repco Home Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Repco Home Finance IPO allotment status.
The Repco Home Finance IPO listing date is on Monday, April 1, 2013.
Useful Articles
RHP