About India Shelter Finance Corporation LimitedIncorporated 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:
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Here’s a quick look at India Shelter Finance Corporation Limited IPO’s strengths, weakness, opportunities and risks (SWOT analysis)Strengths and opportunities
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India Shelter Finance Corporation Limited IPO details|India Shelter Finance Corporation Limited IPO dateAccording 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 BandThe 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:
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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:
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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:
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Open a demat account with Upstox to apply for the India Shelter Finance Corporation Limited IPOTo 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:
This is all it takes to open a demat account with Upstox. Easy and quick, right?
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Upstox – trading app to apply for the India Shelter Finance Corporation Limited IPOApplying 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. |
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.
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.
You can apply on Upstox’s website and app, once the India Shelter Finance Corporation IPO opens 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.
The India Shelter Finance Corporation lot size is 30 shares and the minimum investment required is ₹14,790.
The India Shelter Finance Corporation IPO price band is ₹469 – ₹493 per share.
The size of the India Shelter Finance Corporation IPO is approx. ₹1,200 crore.
You can place up to three bids for an application.
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.
If shares are allotted, then they will be credited to your demat account on 19 December 2023.
India Shelter Finance Corporation shares will be on NSE and BSE.
India Shelter Finance Corporation shares’ listing date is 20 December 2023.