India Shelter Finance Corporation Limited-Logo

India Shelter Finance Corporation Limited

INDIASHLTR

469-493

per share
Bidding Dates
13-15 Dec
Min. Investment
₹14,070.00
Lot Size
30 shares
Issue Size
₹1200 Cr
IPO Timeline
Bidding starts
13 Dec ‘23
Bidding ends
15 Dec ‘23
Allotment finalisation*
18 Dec ‘23
Refund initiation*
19 Dec ‘23
Demat transfer
19 Dec ‘23
Listing
20 Dec ‘23
* Refund is a 7-10 days process. If you don’t get refund then please contact your bank.

About  India Shelter Finance Corporation Limited

Incorporated in 1998, India Shelter Finance Corporation is a retail focused affordable housing finance company. It caters to the self-employed customer, focusing on first-time home loan takers in the low and middle income group in Tier II and Tier III cities in India. Its product portfolio consists of home loans and loans against properties. 

It has a network of 203 branches spread across 15 states with a significant presence in the states of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka and Gujarat as of 30 September 2023. Its strategy is to penetrate regions with a substantial demand for affordable housing finance, and it is present in states that cover 94% of the affordable housing finance market in India as of 31 March 2023. 

Its integrated customer relationship management and loan management system is set up on a cloud-based platform, and 91% of its collections were made through digital modes in FY23. It sources its debt financing requirements from public and private sector banks, refinancing from the NHB, external commercial borrowings and the issuance of nonconvertible debentures. As of 30 September 2023, it employed 2,997 employees and had a healthy (stable) credit rating from ICRA and CARE. 

Between FY21 and FY23, it saw a CAGR rise of 25% in its AUM (Assets Under Management) and 21% in its profit. Moreover, the Indian Housing Finance market is expected to grow at a CAGR of 13%-15% between FY23 and FY26, which could benefit the company. 

And now, India Shelter Finance Corporation Limited is coming out with its initial public offer (IPO). The IPO will be an offer for sale as well as a fresh issue. The money raised through the fresh issue will be used to meet future capital requirements and for general corporate purposes. Its shares will be listed on the NSE and the BSE.

Here are key details about the India Shelter Finance Corporation Limited IPO:

Company Name India Shelter Finance Corporation Limited Limited   Company Type Private
Company Established On 1998   India Shelter Finance Corporation Limited IPO Opening Date  13th December 2023
India Shelter Finance Corporation Limited IPO Closing Date 15th December 2023   India Shelter Finance Corporation Limited IPO Allotment Status 18th December 2023
Credit of Shares to the Demat Account 19th December 2023   India Shelter Finance Corporation Limited IPO Listing Date 20th December 2023 
India Shelter Finance Corporation Limited IPO Face Value ₹5 per share   India Shelter Finance Corporation Limited IPO Lot Size 30 shares

India Shelter Finance Corporation Limited IPO Issue Size Approx ₹1,200 crore   India Shelter Finance Corporation Limited IPO to be Listed on BSE, NSE
India Shelter Finance Corporation Limited IPO Price band   ₹469 – ₹493 per share      

Financial snapshot

Particulars FY21 FY22 FY23 6MFY24
Revenue 316 crore 447 crore 584 385
Net Profit 87.3 crore 128 crore 155 107

 

Here’s a quick look at India Shelter Finance Corporation Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)

Strengths and opportunities

  1. Operates in a growing industry as rising urbanisation, growing disposable income, favourable demographics and government measures are expected to lead to higher mortgage penetration going forward.
  2. Diversified phygital distribution network in Tier II and Tier III cities with over 13 years of experience as a housing finance company. 
  3. The in-house orientation model ensured seamless operations as 97% of its disbursed loans originated in-house in FY23. 
  4. Technology and analytics-driven company with an aggregate information technology spending of ₹7.4 crore in FY23. 
  5. Robust risk management systems, as 68% of its customers maintained a credit score of 650 or higher as of 30 September 2023.

Risks and threats

  1. Requires substantial capital as its total outstanding borrowings stood at ₹2,973 crore in FY23.
  2. Concentrated in the states of Rajasthan, Maharashtra and Madhya Pradesh as they contributed to 63% of its total AUM in FY23. 
  3. Exposed to the risk of non-payment or default by customers as well as the inability to recover the full value of collateral or amounts outstanding under defaulted loans. 
  4. Operates in an extensively regulated industry. Subject to periodic inspections by the National Housing Bank and the Reserve Bank of India. 
  5. Affected by volatility of interest rates for its lending and treasury operations as 75% of its borrowings are floating interest-bearing liabilities as of 30 September 2023. 
  6. Faces competition from Aadhar Housing Finance Limited, Aavas Financiers Limited, Home First Finance Company India Limited and Aptus Value Housing Finance India Limited.
  7. Experienced negative cash flows from operating activities in the last three years.

 

India Shelter Finance Corporation Limited IPO details

|India Shelter Finance Corporation Limited IPO date

According to the offer document filed by the company with the SEBI, the India Shelter Finance Corporation IPO’s opening date – in other words, the India Shelter Finance Corporation IPO launch date – will be 13 December 2023. The India Shelter Finance Corporation IPO closing date is 15 December 2023. After this, investors will be updated about the allotment status on 18 December 2023.

Investors, who have been allotted shares, can expect them to be credited to their demat account on 19 December 2023. The India Shelter Finance Corporation IPO listing date is 20 December 2023. The listing date is the date on which the shares of a company get listed on the bourses – NSE and BSE. 

|India Shelter Finance Corporation Limited IPO Price Band

The IPO is an offer for sale as well as a fresh issue. The India Shelter Finance Corporation IPO price band has been set between ₹469 and ₹493 per share. Interested investors can choose a price within this band to apply for the IPO. 

The India Shelter Finance Corporation IPO listing price will be determined on 20 December 2023. The listing price is the price at which a company’s shares debut on the stock exchanges.

|India Shelter Finance Corporation Limited IPO Lot size

The India Shelter Finance Corporation IPO details have been declared. The India Shelter Finance Corporation IPO lot size is set at 30 shares and an investor can apply for a minimum of 1 lot. Meanwhile, the India Shelter Finance Corporation IPO issue size is approx ₹1,200 crore. 

 

How to pre-apply for the India Shelter Finance Corporation Limited IPO?

You can pre-apply for the India Shelter Finance Corporation Limited IPO on Upstox. The pre-application for this IPO, which means pre-apply open date, usually begins a day before the IPO opens for subscription. 

Follow these steps to pre-apply for the IPO: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘India Shelter Finance Corporation Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Pre-Apply’
  7. Accept the mandate on your UPI app

 

How to apply for the India Shelter Finance Corporation Limited IPO?

If you are interested in this investment opportunity but unsure how to apply for the India Shelter Finance Corporation Limited IPO, here we are listing out the steps for you. 

When the public issue opens for subscription, one can follow this step-by-step guide on how to apply for the India Shelter Finance Corporation Limited IPO on Upstox: 

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover tab, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, look for the ‘India Shelter Finance Corporation Limited IPO’ tab and click on it
  5. Now fill in all the required information, like ‘bid price’ and ‘lot size’
  6. Confirm and click on ‘Apply’
  7. Accept the mandate on your UPI app

 

How to check the India Shelter Finance Corporation LimitedIPO allotment status?

When the allotment process is completed, you can check the status of your application on the Upstox app. Share allotment is generally done around five to six days after an IPO closes. 

Here’s a step-by-step guide on how to check the India Shelter Finance Corporation Limited IPO allotment status:

  1. Login to your Upstox account, using your six-digit PIN
  2. After successfully logging in, click on ‘Discover’
  3. On the Discover page, you will find the ‘Invest in IPO’ section
  4. Under the Invest in IPO section, you will find the ‘View all’ option
  5. Once you click on ‘View all’, you will be directed to the ‘IPO’ tab
  6. In the ‘IPO’ tab, click on ‘My applications’ 
  7. In ‘My applications’, under the History section, your India Shelter Finance Corporation Limited IPO allotment status will be mentioned

 

Check Allotment Status

 

Open a demat account with Upstox to apply for the India Shelter Finance Corporation Limited IPO

To apply for the India Shelter Finance Corporation Limited IPO, you need to mandatorily have a demat account. A demat account helps you hold the shares you buy in a dematerialised format. If you don’t have a demat account yet, you can open one with Upstox by visiting our website or by downloading the app.

Here is a step-by-step guide on how to open a demat account with Upstox:

  1. Click here to visit the demat account opening page on the Upstox website. 
  2. Enter your phone number and other essential details to begin opening a demat account.
  3. Upload the scanned copies of your PAN, Aadhaar card, a cancelled cheque, and your bank statement as needed. 
  4. Complete the e-verification using the OTP sent to your registered mobile number. 

This is all it takes to open a demat account with Upstox. Easy and quick, right? 

 

Open Demat Account

 

Upstox – trading app to apply for the India Shelter Finance Corporation Limited IPO

Applying for IPOs with Upstox is extremely easy. The user-friendly interface and top-notch security make Upstox one of the leading trading apps in India.

You can apply for the India Shelter Finance Corporation Limited IPO on Upstox, provided you have a demat account. As mentioned in the previous section, you can simply follow the steps to open a demat account with Upstox. The biggest advantage is that when you apply for an IPO using your Upstox account, the brokerage charges are zero.

In fact, courtesy of its robust features and minimal charges, Upstox is among the most preferred trading apps. Lakhs of Indians trust Upstox as it is a reliable trading platform that makes IPO applications easy.

 

IPO analysis

Registrar information
Name
Kfin Technologies Limited
Phone number
04067162222, 04079611000
Email ID
indiashelter.ipo@kfintech.com

FAQs

How can you pre-apply for the India Shelter Finance Corporation IPO?

 Pre-applying for the India Shelter Finance Corporation IPO means applying for this public issue before it goes live. Click here to pre-apply for the India Shelter Finance Corporation IPO on Upstox.

When does pre-apply for the India Shelter Finance Corporation IPO open and how can you pay for it?

You can pre-apply for the India Shelter Finance Corporation IPO from 11 December 2023. Once the IPO goes live, you will receive a UPI mandate. Accept this to block the IPO application amount and successfully place your bid.

How to apply for India Shelter Finance Corporation IPO? Or How to invest in the India Shelter Finance Corporation IPO?

 You can apply on Upstox’s website and app, once the India Shelter Finance Corporation IPO opens for the subscription. 

When does the India Shelter Finance Corporation IPO open and close for the subscription?

 The India Shelter Finance Corporation IPO launch date is 13 December 2023. The India Shelter Finance Corporation IPO will be open for subscription till 15 December 2023.

What’s the lot size and minimum investment needed for the India Shelter Finance Corporation IPO?

The India Shelter Finance Corporation lot size is 30 shares and the minimum investment required is ₹14,790.

What is the price band for the India Shelter Finance Corporation IPO?

 The India Shelter Finance Corporation IPO price band is ₹469 – ₹493 per share.

What’s the size of the India Shelter Finance Corporation IPO?

The size of the India Shelter Finance Corporation IPO is approx. ₹1,200 crore.

How many bids can I place for the India Shelter Finance Corporation IPO?

You can place up to three bids for an application. 

Can these bids be placed at different times during the IPO subscription period?

No, the bids have to be placed in one go. If you want to add an additional bid, then you would have to delete your application and re-apply. 

When will India Shelter Finance Corporation shares be credited to your demat account?

  If shares are allotted, then they will be credited to your demat account on 19 December 2023.

Which exchanges will India Shelter Finance Corporation shares list on?

  India Shelter Finance Corporation shares will be on NSE and BSE.

When will India Shelter Finance Corporation shares list on the exchanges?

 India Shelter Finance Corporation shares’ listing date is 20 December 2023.

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