IPO

India Shelter Finance Corporation Limited IPO

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Housing Finance Company

Listed On: Dec 20, 2023 at ₹ 620.0(NSE)

₹ 14790 /30 Shares

Check Allotment

13 Dec, 2023

Open Date

15 Dec, 2023

Close Date

18 Dec, 2023

Allotment Date

20 Dec, 2023

Listing Date
Price Summary

Last Closing

858.55 (74.15%)

52 Week High

1,011.75

52 Week Low

607.00

Last Update

15-Dec-2025 3:30 PM
India Shelter Finance Corporation Limited IPO Issue Details
  • Issue Price ₹469-493 per equity share
  • Face Value ₹5 Per Equity Share
  • Issue Price Total ₹1,200 Cr :
    #Fresh Issue: 1,62,27,181 shares (aggregating up to ₹800.00 Cr)
    #Offer for Sale: 81,13,590 shares of ₹5 (aggregating up to ₹500.00 Cr)
  • Listing at BSE, NSE
  • List Price 620.0(NSE)
  • Listing Date 2023-12-20
  • Lead Manager ICICI Securities Limited
    Citigroup Global Markets India Private Limited
    Kotak Mahindra Capital Company Limited
    Ambit Private Limited
  • Registrar Kfin Technologies Limited
India Shelter Finance Corporation Limited IPO Details
  • Retail Portion 35% (Number of Retail Applications: 2,83,976 Approx),
    (Number of S-HNI Applications : 2,898 Approx),
    (Number of B-HNI Applications : 5,795 Approx)
India Shelter Finance Corporation Limited IPO Documents
DRHP
RHP
ANCHOR
India Shelter Finance Corporation Limited IPO Details


The IPO of India Shelter Finance Corporation Limited is priced at ₹469-493 per equity share, which has a face value of ₹5 Per Equity Share each, IPO bidding starts from Dec 13, 2023 and ends on Dec 15, 2023. The allotment for India Shelter Finance Corporation Limited IPO will be finalized on Dec 18, 2023. India Shelter Finance Corporation Limited IPO will be listed on BSE, NSE, with a tentative listing date fixed as Dec 20, 2023. The company shall list its equity shares on the BSE, NSE. Kfin Technologies Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are ICICI Securities Limited, Citigroup Global Markets India Private Limited, Kotak Mahindra Capital Company Limited, Ambit Private Limited.


The India Shelter Finance Corporation Limited IPO sets its price band at 469-493 for each share. A single application for India Shelter Finance Corporation Limited IPO must contain at least 30 shares.

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India Shelter Finance Corporation Limited IPO Subscription Analysis And Details
Retail
9.79x
QIB
89.70x
NII
28.47x
bNII
28.32x
sNII
28.77x
Total
36.62x
As on QIB NII
bNII   sNII 		Retail Total
Shares Offered / Reserved 4,868,154 3,651,116
2,434,077    1,217,039 		8,519,270 17,038,540
Day 1 13-12-23 05:00 PM
0.57 x 1.74
1.41 x   2.41 x 		1.89 x 1.48 x
Day 2 14-12-23 05:00 PM
0.84 x 7.35
6.38 x   9.30 x 		5.08 x 4.36 x
Day 3 15-12-23 05:00 PM
89.70 x 28.47
28.32 x   28.77 x 		9.79 x 36.62 x
Total No of Applications
25,73,600
India Shelter Finance Corporation Limited Valuations
Earnings Per Share (EPS) ₹17.47/-
P/E Ratio 28.22
RoNW 13.4%
Net Asset Value (NAV) - As on 31.03.22 ₹141.38
India Shelter Finance Corporation Limited Company Financials
In Crs.
In Cr.
31-Mar-23 31-Mar-22 31-Mar-21
Assets 4,295.59 3,221.22 2,462.64
Revenue 606.23 459.81 322.80
Profit After Tax 155.34 128.45 87.39
About India Shelter Finance Corporation Limited Company

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 tenure 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.

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.

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.

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India Shelter Finance Corporation Limited - Promoter(s)

Anil Mehta

WestBridge Crossover Fund

LLC

Aravali Investment Holdings

Pre Issue Share Holding : 56.75%

Post Issue Share Holding : 48.17%

India Shelter Finance Corporation Limited IPO - Issue Objectives
1

To meet future capital requirements towards onward lending.

2

General corporate purposes.

India Shelter Finance Corporation Limited IPO - Anchor Investors

India Shelter IPO: Anchor investors pick Rs 360-cr worth of shares.

As per the filing to the exchanges, 38 investors participated in the anchor book, including marquee names such as Goldman Sachs, Massachusetts Institute of Technology, NHIT, and Steinberg India.

Among others, ICICI Prudential Mutual Fund, Nippon Life India, Kotak Mahindra Trustee, Axis Mutual Fund, UTI Mutual Fund, Mirae Asset, Whiteoak Capital, LGT Select Funds, Tata Mutual Fund, Franklin India, Motilal Oswal Mutual Fund, Edelweiss Trusteeship, Bandhan Financial Services, Quant Mutual Fund, and Axis Growth Avenues AIF 1 also invested in the company via anchor book.

India Shelter Finance Corporation Limited IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
India Shelter 3.23 28.22 13.4% 606
Aptus Value Housing 4.43 28.2 16.1% 1,093
Aavas Finance 3.41 25.8 14.1% 1,608
Home First Finance 4.63 34.0 13.5% 791