Explore the India Shelter Finance IPO set to open on December 13, 2023. Get insights into the IPO timeline, price band, lot size, and more. A comprehensive guide to make informed investment decisions.
Introduction: As the financial landscape evolves, the India Shelter Finance IPO emerges as a promising opportunity in the housing finance sector. Let’s delve into the details of this book-built issue, poised to raise Rs 1,200.00 crores.
India Shelter Finance IPO Details:
Opening Doors to Investors: The India Shelter Finance IPO opens for subscription on December 13, 2023, and bids farewell on December 15, 2023. The allotment process is set to conclude on Monday, December 18, 2023, paving the way for the listing on BSE and NSE, expected on Wednesday, December 20, 2023.
Navigating the Price Band: Investors can participate in the IPO with a price band set at ₹469 to ₹493 per share. The minimum lot size stands at 30 shares, requiring a modest investment of ₹14,790 for retail investors. The dynamic pricing ensures accessibility to a broad spectrum of investors.
Financial Insights:
Empowering Homeownership: India Shelter Finance Corporation Limited, established in 1998, is a key player in housing finance. Offering loans for construction, renovation, and property purchase, the company caters to diverse needs. As of September 30, 2023, the company’s branch network spans 203 locations across 15 states.
Also read: S J Logistics IPO: An Insightful Investment Opportunity in Logistics and Supply Chain Solutions
Numbers That Speak: Examining the financials, the company witnessed a notable revenue increase of 31.84% and a 20.94% rise in profit after tax between March 31, 2022, and September 30, 2023. The strategic expansion is evident, with the company’s network growing from 115 branches in March 2021 to 203 branches in September 2023.
Investment Landscape:
Also read: Presstonic Engineering IPO: Pioneering Metro Rail Solutions in Upcoming NSE SME Listing
Stakeholders and Offerings: Prominent figures like Anil Mehta and strategic entities like WestBridge Crossover Fund, LLC, and Aravali Investment Holdings are the promoters, holding a substantial 56.75% stake pre-issue. The IPO consists of a fresh issue and an offer for sale, with a total offering of 24,340,771 shares.
Reservation Framework: The IPO carves out specific shares for different investor categories. Notably, the QIBs are offered up to 50.00%, while retail investors have a reserved share of not less than 35.00% of the total offer.
Closing the Deal:
Timeline Recap: Mark your calendars with the IPO timeline – opening on December 13, 2023, and closing on December 15, 2023. The listing date is set for December 20, 2023. Stay informed and seize the opportunity in this dynamic housing finance landscape.
Conclusion: In the dynamic realm of housing finance, the India Shelter Finance IPO beckons investors to be part of a growth story. With a robust foundation, strategic leadership, and a commitment to customer satisfaction, the IPO presents an enticing prospect for those eyeing the housing finance sector.
Note: This article is for informational purposes only, and potential investors are advised to refer to India Shelter Finance IPO RHP for detailed information.
2 thoughts on “India Shelter Finance IPO: Seizing Opportunities in Housing Finance Sector”