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.
| IPO Opening Date | December 13, 2023 |
|---|---|
| IPO Closing Date | December 15, 2023 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹5 per share |
| IPO Price | ₹469 to ₹493 per share |
| Market Lot | 30 Shares |
| Min Order Quantity | 30 Shares |
| Listing At | BSE, NSE |
| Total Issue Size | 24,340,771 shares (aggregating up to ₹1,200.00 Cr) |
| Fresh Issue | 16,227,181 shares (aggregating up to ₹800.00 Cr) |
| Offer for Sale | 8,113,590 shares of ₹5 (aggregating up to ₹400.00 Cr) |
| Share holding pre issue | 90,823,956 |
| Share holding post issue | 107,051,137 |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
| Retail Shares Offered | Not less than 35% of the Net Issue |
India Shelter Finance IPO opens on December 13, 2023, and closes on December 15, 2023.
| Basis of Allotment Date | December 18, 2023 |
|---|---|
| Initiation of Refunds | December 19, 2023 |
| Credit of Shares to Demat Account | December 19, 2023 |
| IPO Listing Date | December 20, 2023 |
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 (Min) | 1 | 30 | ₹14,790 |
| Retail (Max) | 131 | 390 | ₹192,270 |
| S-HNI (Min) | 15 | 420 | ₹207,060 |
| S-HNI (Max) | 67 | 2,010 | ₹990,930 |
| B-HNI (Min) | 68 | 2,040 | ₹1,005,720 |
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 company intends to utilize the net proceeds from the issue towards the funding of the following objects:
India Shelter Finance IPO is a main-board IPO of 24,340,771 equity shares of the face value of ₹5 aggregating up to ₹1,200.00 Crores. The issue is priced at ₹469 to ₹493 per share. The minimum order quantity is 30 Shares.
The IPO opens on December 13, 2023, and closes on December 15, 2023. Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The India Shelter Finance IPO opens on December 13, 2023 and closes on December 15, 2023.
India Shelter Finance IPO lot size is 30 Shares, and the minimum amount required is ₹14,790.
You can apply in India Shelter Finance IPO online using either UPI or ASBA as 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.
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 Tuesday, December 19, 2023.
Check the IPO allotment status.
The India Shelter Finance IPO listing date is December 20, 2023.
To Bid online, you need
Demat Account and Pan card.
Login to SMC account and
select the India Shelter Finance IPO
Enter UPI Id & Mobile number
Place your number of bids
with the exchange
A UPI mandate is sent to your
UPI App to block your funds.