₹ 14790 / 30 shares
IPO Details
RHP/DRHPIssue 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%
IPO Timeline
India Shelter Finance IPO Review | Issue Details, Future Strategies And More
Kotak Securities
•03m 36s
Company Background
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.
Risk Factors
- 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.
Key Strategies
- 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.
Key Financials
Here are the key financials for India Shelter Finance Corporation Limited:
Particulars (in Rs. million)
Particulars (in Rs. million)
How to apply for IPO through ASBA
Kotak Securities
•00m 59 s
How to apply for an IPO using UPI
Kotak Securities
•01m 19 s
India Shelter Finance Corporation Ltd IPO FAQs
When is India Shelter Finance Corporation Ltd IPO listing date?
India Shelter Finance Corporation Ltd will list on 2023-12-20.
What is the issue size of India Shelter Finance Corporation Ltd IPO?
1200.00 is the issue size of India Shelter Finance Corporation Ltd IPO.
What is the minimum lot size required for India Shelter Finance Corporation Ltd IPO?
The minimum lot size is 30 shares and the investment required is ₹14790.
What is the price band of the India Shelter Finance Corporation Ltd IPO?
The price band of India Shelter Finance Corporation Ltd IPO is ₹469 to ₹493.
Where can I read more about India Shelter Finance Corporation Ltd business?
You can read more about India Shelter Finance Corporation Ltd and its IPO from the company’s red herring prospectus (RHP) here.
What is the India Shelter Finance Corporation Limited IPO?
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.
Who is the Registrar for India Shelter Finance Corporation Limited IPO?
KFin Technologies Limited is the registrar for this IPO.
Where can I read more about India Shelter Finance Corporation Limited’s business?
You may read more about India Shelter Finance Corporation Limited and its IPO from the company’s red herring prospectus (RHP) here:
