₹ 14790 / 30 shares

IPO Details

RHP/DRHP

Issue Date

13 Dec - 15 Dec'23

Investment/lot

₹ 14790

Price Range

469 - 493

Lot Size

30

IPO Size

₹ 1200.00 Cr

IPO Listing Details

Listing On

20 Dec'23

Issue Price

493

Listed Price

₹ 620

Retail Gain/Listing Gain

25.76%

Start date

End date

Allotment of bids

Refund Initiation

Listing on exchange

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All you need to know about India Shelter Finance IPO
Tune in to know more about the company, IPO issue details, future strategies, important financial details, its presence and reach, product/service portfolio, and much more with Kinjal Parekh!

India Shelter Finance Corporation Limited is a retail-focused affordable housing finance company with an extensive distribution network of 203 branches as of September 30, 2023.

The company primarily caters to self-employed customers, with an emphasis on first-time home loan applicants within the low and middle-income groups in Tier II and Tier III cities in India. They also specialise in affordable housing loans, defined as loans with a ticket size below Rs. 2.5 million.

High Yields, and Granular, Retail Focused Portfolio
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Extensive and Diversified Phygital Distribution Network
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Diversified Financing Profile with a Demonstrated Track Record of Reducing Financing Costs
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  • The company requires substantial capital for the business and operations.
  • Any inability to comply with the financial and other covenants under their debt financing arrangements could adversely affect the business.
  • The risk of non-payment or default by customers may adversely affect the business.
  • Grow and diversify their distribution network to achieve deeper penetration in key states and drive sustainable growth.
  • Leverage their technology stack to achieve scalability, improving the efficiency and productivity of existing branches.
  • Diversify borrowing profile and optimise borrowing costs.

Here are the key financials for India Shelter Finance Corporation Limited:

Particulars (in Rs. million)

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Top India Shelter Finance Corporation Ltd IPO FAQs

India Shelter Finance Corporation Ltd will list on 2023-12-20.

1200.00 is the issue size of India Shelter Finance Corporation Ltd IPO.

The minimum lot size is 30 shares and the investment required is ₹14790.

The price band of India Shelter Finance Corporation Ltd IPO is ₹469 to ₹493.

You can read more about India Shelter Finance Corporation Ltd and its IPO from the company’s red herring prospectus (RHP) here.

The India Shelter Finance Corporation Limited IPO has an issue size of Rs. 1,200 crores. The IPO opens for subscription on 13th December 2023 and closes on 15th December 2023.

KFin Technologies Limited is the registrar for this IPO.

You may read more about India Shelter Finance Corporation Limited and its IPO from the company’s red herring prospectus (RHP) here:

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