India Shelter Finance IPO GMP, review, Date, share Price 2023

India Shelter Finance  IPO description – India Shelter Finance   India Limited is coming up with its Initial public offering. The IPO will be open for subscription on December 13, 2023

 

India Shelter Finance IPO – Details

India Shelter Finance IPO Dates 13 – 15 December 2023
India Shelter Finance IPO Price INR 469 – 493 per share
Fresh issue INR 800 crore
Offer For Sale INR 400 crore
Total IPO size INR 1,200 crore
Minimum bid (lot size) 30 shares (INR 14,790)
Face Value INR 5 per share
Retail Allocation 35%
Listing On BSE, NSE

 

India Shelter Finance IPO – Date Schedule

IPO Open Date 13 December 2023
IPO Close Date 15 December 2023
Basis of Allotment Date 18 December 2023
Initiation of Refund 19 December 2023
Credit of Shares to Demat Account 19 December 2023
IPO Listing Date 20 December 2023

India Shelter Finance IPO – About Company 

 

India Shelter Finance Corporation Limited is actively involved in the housing finance sector, extending loans for various housing needs, including construction, extension, renovation, and the purchase of new homes or plots. Additionally, the company provides loans against property (LAP).

The loan offerings range from Rs. 5 Lakhs to Rs. 50 Lakhs, with a flexible tenure of up to 20 years. As of November 30, 2023, IndiaShelter has successfully disbursed over Rs. 5500 Crores in loans, facilitating numerous families in acquiring, expanding, or enhancing their homes.

In the Financial Year 2023, the company achieved an impressive yield to advances of 14.9%, securing the second-highest position in India for the period. Maintaining robust asset quality, India Shelter Finance Corporation reported a Gross Non-Performing Assets (GNPA) of 1.13% as of March 31, 2023.

The company’s extensive presence is reflected in its network of 183 branches across 15 states, with a significant footprint in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The branch count exhibited substantial growth, increasing from 115 as of March 31, 2021, to 130 as of March 31, 2022, and further expanding to 183 as of March 31, 2023.

India Shelter Finance Corporation Limited reinforces its financial operations with an in-house team comprising over 300 collection officers, showcasing its commitment to a robust financial ecosystem. In a bid to elevate customer satisfaction, the company introduced iServe, a dedicated customer service application catering to the timely resolution of queries and concerns for existing customers.

An interesting aspect of the company’s borrower profile is that as of March 31, 2023, 97.5% of the borrowers included one or more women, and 71.3% of customers were first-time home loan takers. This underscores the company’s inclusive approach and its contribution to making housing finance accessible to a diverse customer base.

 

India Shelter Finance IPO GMP, review, Date, share Price 2023India Shelter Finance IPO GMP, review, Date, share Price 2023
India Shelter Finance IPO GMP, review, Date, share Price 2023

 

India Shelter Finance IPO – Industry Overview

 

NBFC credit to grow at 12%-14% between financial year 2023 and financial year 2025. The credit growth will be driven by the retail vertical, including housing, auto, and microfinance segments. Rapid revival in the economy is expected to drive consumer demand in financial year 2024, leading to healthy growth NBFCs. Moreover, organic consolidation is underway with larger NBFCs gaining share. Further, growth of the non-banking industry will be driven mainly by NBFCs with strong parentage who have funding advantage over other NBFCs

Housing is regarded as the engine of economic growth and can give a big push to the economy through its forward and backward linkages with more than 250 ancilliary industries. The sector has strong inter-industry linkages and investments in housing can have multiplier effects on generation of income and employment in the country. Recognising the importance of housing as a basic human need, the government has announced multiple schemes to conitnue their focus on housing in the country

 

India Shelter Finance Financial Performance

 

  FY 2022 FY 2023 H1 FY 2024
Revenue 447.98 584.53 385.99
Expenses 292.91 404.28 260.22
Net income 128.45 155.34 107.35
Margin (%) 28.67 26.58 27.82

Figures in INR Crores 

 

India Shelter Finance Valuations & Margins

 

FY 2021 FY 2022 FY 2023
EPS 9.93 14.63 17.47
PE ratio 26.85 – 28.22
RONW (%) 9.80 12.80 13.40
NAV 109.04 123.11 141.38
ROE (%) 13.40
EBITDA (%) 70.29 71.62 71.65
Debt/Equity 1.34 1.79 2.12

 

India Shelter Finance IPO – Prospectus

 

 

Company  Strengths

 

  • Rapid growth in assets under management, positioning as one of the fastest-growing housing finance companies in India.
  • High yields and a granular, retail-focused portfolio contribute to the company’s financial strength.
  • Extensive and diversified Phygital distribution network, with a substantial presence in Tier II and Tier III cities.
  • In-house origination model for efficient and seamless operations.
  • Technology and analytics-driven approach, featuring a scalable operating model.
  • Robust underwriting, collection, and risk management systems enhance operational resilience.
  • Diversified financing profile with a proven track record, highlighting the company’s financial stability.

 

Objective Of The Issue

 

  • To meet future capital requirements towards onward lending, and
  • General corporate purposes.

 

India Shelter Finance IPO GMP Today

Date Day-wise IPO GMP Kostak Subject to Sauda
13 December 2023 150 3500

 

India Shelter Finance IPO – Allotment Status

India Shelter Finance IPO allotment status will be available on the KFin Tech website. Click on this link to get allotment status.

 

India Shelter Finance IPO – Lots Size & Price

 

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

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Disclaimer-The content presented here is intended solely for analytical and educational purposes. If you consider investing, it is strongly advised to conduct your own thorough research. We do not endorse or recommend any specific stocks or initial public offerings (IPOs).

 

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