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.
For the Financial Year 2023, the company’s yield to advances was 14.9%, which was the 2nd highest in India for such period. ISFC maintain asset quality leading to the GNPA being 1.13% as of March 31, 2023.
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.
India Shelter Finance Corporation IPO – Details
| IPO Opening Date | 13 December 2023 |
| IPO Closing Date | 15 December 2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 2,43,40,771 Shares Worth ₹1200.00 Crore Fresh Issue: 1,62,27,181 Shares Worth ₹800.00 Crore Offer For Sale: 81,13,590 Shares Worth ₹400.00 Crore |
| Face Value | ₹5 per equity share |
| IPO Price | ₹469 – ₹493 |
| Market Lot | 30 Shares |
| Min Order | 30 Shares (1 Lot) |
| Listing At | BSE, NSE |
| Register | Kfin Technologies Limited |
| QIB Shares Offered | 50% |
| NII (HNI) Shares Offered | 15% |
| Retail Shares Offered | 35% |
India Shelter Finance Corporation IPO – Date Schedule
| IPO Open Date | 13 December 2023 |
| IPO Close Date | 15 December 2023 |
| Basis of Allotment Date | 18 December 2023 |
| Initiation of Refund | 19 December 2023 |
| Credit of Shares to Demat Account | 19 December 2023 |
| IPO Listing Date | 20 December 2023 |
| Cut-off time for UPI mandate confirmation | 5 PM on 15 December 2023 |
India Shelter Finance Corporation IPO – Lots Size & Price
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 30 | 14,790 |
| Retail (Max) | 13 | 390 | 1,92,270 |
| S-HNI (Min) | 14 | 420 | 2,07,060 |
| S-HNI (Max) | 67 | 2,010 | 9,90,930 |
| B-HNI (Min) | 68 | 2,040 | 10,05,720 |
Competitive Strengths
- One of the fastest growing assets under management among housing finance companies in India, high yields, and granular, retail focused portfolio;
- Extensive and diversified Phygital distribution network with significant presence in Tier II and Tier III cities;
- In-house origination model to ensure efficient and seamless operations;
- Technology and analytics-driven company with scalable operating model;
- Robust underwriting, collection and risk management systems;
- Diversified financing profile with a demonstrated track record.
Company Promoters
- WestBridge Crossover Fund, LLC
- Aravali Investment Holdings
- Anil Mehta
Company Financials
| Particulars | Total Revenue | Total Expense | Profit After Tax | Total Borrowing |
|---|---|---|---|---|
| 31 March 2021 | 322.79 | 209.84 | 87.38 | 1,480.72 |
| 31 March 2022 | 459.80 | 292.90 | 128.44 | 2,059.40 |
| 31 March 2023 | 606.23 | 404.27 | 155.34 | 2,973.43 |
Key Performance Indicator
| KPI | Values |
|---|---|
| P/E (x) | 27.77 |
| Market Cap (₹ Cr.) | 5291.69 |
| ROE | 13.4% |
| Debt/Equity | 2.12 |
| EPS (Rs) | 17.47 |
| RoNW | 13.4% |
Object Of The Issue
- To meet future capital requirements towards onward lending, and
- General corporate purposes.
India Shelter Finance Corporation IPO Peer Comparison
| S. No. | Face Value | Company Name | PE |
| 1 | 2 | Aptus Value Housing Finance India Limited | 29.9 |
| 2 | 10 | Aavas Financiers Limited | 27.4 |
| 3 | 2 | Home First Finance Company India Limited | 37.7 |
India Shelter Finance Corporation IPO Promoter Holding
| Pre Issue Share Holding | 56.75% |
| Post Issue Share Holding | 48.17% |
India Shelter Finance Corporation IPO Prospectus
- India Shelter Finance Corporation IPO DRHP
- India Shelter Finance Corporation IPO RHP
Company Contact Information
| India Shelter Finance Corporation Limited 6 th Floor, Plot No. 15 Sector 44, Institutional Area, Gurugram – 122 002 Phone: +91 124 413 1800 Email: compliance@indiashelter.in Website: https://www.indiashelter.in/ |
India Shelter Finance Corporation IPO Registrar
| Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: indiashelter.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
India Shelter Finance Corporation IPO Lead Manager(s)
| 1. ICICI Securities Limited 2. Citigroup Global Markets India Private Limited 3. Kotak Mahindra Capital Company Limited 4. Ambit Private Limited |
India Shelter Finance Corporation IPO FAQs
| What is India Shelter Finance Corporation IPO? India Shelter Finance Corporation IPO is a main-board IPO. The issue is priced at ₹469 to ₹493 per equity share. The IPO is to be listed on BSE & NSE. |
| When India Shelter Finance Corporation IPO will open? The IPO is to open on 13 December 2023 for QIB, NII, and Retail Investors. |
| What is India Shelter Finance Corporation IPO Investors Portion? The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%. |
| How to Apply the India Shelter Finance Corporation IPO? You can apply India Shelter Finance Corporation IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form. |
| How to Apply the India Shelter Finance Corporation IPO through Angle One? Log in to Angle One Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance Corporation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Angle One. |
| How to Apply the India Shelter Finance Corporation IPO through 5 Paisa? Log in to 5 Paisa Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance Corporation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with 5 Paisa. |
| How to Apply the India Shelter Finance Corporation IPO through Upstox? Log in to Upstox Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance Corporation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox. |
| How to Apply the India Shelter Finance Corporation IPO through IIFL? Log in to IIFL Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance Corporation”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with IIFL. |
| What is India Shelter Finance Corporation IPO Size? India Shelter Finance Corporation IPO size is ₹1200.00 Crore. |
| What is India Shelter Finance Corporation IPO Price Band? India Shelter Finance Corporation IPO Price Band is ₹469 to ₹493. |
| What is India Shelter Finance Corporation IPO Minimum and Maximum Lot Size? The minimum bid is 30 Shares with ₹14,790 amount while the maximum bid is 390 Shares with ₹1,92,270. |
| What is the India Shelter Finance Corporation IPO Allotment Date? India Shelter Finance Corporation IPO allotment date is 18 December 2023. |
| What is the India Shelter Finance Corporation IPO Listing Date? India Shelter Finance Corporation IPO listing date is 20 December 2023. The IPO is to list on BSE and NSE. |
