December 15, 2023
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INDIA SHELTER FINANCE IPO GMP, Details to watch, Guidance & Subscription Status @ Chanakyanipothi.com
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Table of Contents
- GMP
- Reviews
- Subscription
- Allotment
INDIA SHELTER FINANCE IPO Live Analysis!
👉 IPO Live Analysis of India Shelter
INDIA SHELTER FINANCE Post listing Review
Post Listing Review: On 20 December, the scrip got listed at Rs. 620, at a premium of 25.76%
What is the Subscription Status of INDIA SHELTER FINANCE IPO?
On 15 December 2023 5.00 pm (Day 3) (Closed)
Review: subscription has been good on Day 3
QIB: 5117272 Shares 94.29 T
NII(10L+): 2558635 Shares 29.77 T
NII (<10L) 1279318 Shares 30.24 T
NII (Total) 3837953 Shares 29.92 T
RII: 8955224 Shares 10.29 T
Total: 17919449 Shares 38.50 T
Bids of Rs. 34012 Crores
Who are the promoters of INDIA SHELTER FINANCE IPO?
ANIL MEHTA, WESTBRIDGE CROSSOVER FUND, LLC AND ARAVALI INVESTMENT HOLDINGS are the promoters of India Shelter Finance corporation IPO.
What is the business of INDIA SHELTER FINANCE?
INDIA SHELTER FINANCE is a retail focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between Financial Year 2021 and Financial Year 2023, it witnessed a two- year CAGR growth of 40.8% in terms of assets under management (“AUM”) . Its target segment is the self-employed customer with a focus on first time home loan takers in the low and middle income group in Tier II and Tier III cities in India. This helps in generating relatively high yields on advances.
For the Financial Year 2023, its yield to advances was 14.9%, which was the second highest in India for such period. Its credit and risk management policies, backed by technology and data analytics throughout its business processes, help it maintain asset quality leading to our GNPA being 1.13% as of March 31, 2023. It has an extensive and well-established network of 183 branches spread across 15 states with a significant presence in the states of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka and Gujarat wherein its branch vintage is five year and above, as of March 31, 2023. It has presence in states which cover 94% of the affordable housing finance market in India, as of March 31, 2023 .
For more information, click www.indiashelter.in
What is the Object of INDIA SHELTER FINANCE IPO?
TThe Offer comprises the Fresh Issue and the Offer for Sale.
The Company proposes to utilize the Net Proceeds towards the following:
(i) to meet future capital requirements towards onward lending; and
(ii) general corporate purposes.
Doms Industries IPO GMP, Particulars & Guidance
| INDIA SHELTER FINANCE IPO Details | |
| IPO opens on | 13 December,2023 |
| IPO closes on | 15 December,2023 |
| Issue Type | Book Built Issue IPO |
| Issue Size | 24340770 Sh /Rs 1200 Cr |
| * Fresh Issue | 16227180 Sh /Rs 800 Cr |
| * Offer for Sale | 8113590 Sh /Rs 400Cr |
| Face Value per share: | Rs. 5 |
| Price Band | Rs. 469-493 |
| Retail Discount | Rs 0 per share |
| Employee discount | Rs. 0 per share |
| Retail Lot Size | 30 Shares |
| Listing will at | BSE, NSE |
| Shares offered in Doms Industries? | Shares | Rs. in Cr |
| QIB (50 %) | 12170385 | 600 |
| NII (15 %) | 3651115 | 180 |
| RII (35 %) | 8519270 | 420 |
| Employees | ? | – |
| Total Shares | 24340770 | 1200 |
| Retail portion will be oversubscribed by | 283975 Forms. | |
| How to apply in Doms Industries IPO ? | Amount Rs. | |
| Min Retail Application | 30 Sh | 14790 |
| Max Retail Application | 390 Sh | 192270 |
| Small HNI (Min) application | 420 Sh | 207060 |
| Small HNI (Max) application | 2010 Sh | 990930 |
| Big HNI Application | 2040 Sh | 1005720 |
| What is the timetable of INDIA SHELTER FINANCE IPO? | |
| IPO opens on | 13 December 2023 |
| IPO Closes on | 15 December 2023 |
| IPO Allotment on | 18 December 2023 |
| Unblocking of ASBA | 19 December 2023 |
| Credit of Shares | 19 December 2023 |
| Listing on | 20 December 2023 |
| Registered Office of INDIA SHELTER FINANCE | |
| 6th Floor, Plot No. 15, Sector 44, Institutional Area, Gurugram 122 002, Haryana, India | |
| Who are the Lead Managers of INDIA SHELTER FINANCEIPO? ICICI Securities Limited Citigroup Global Markets Kotak Mahindra Capital Company, Ambit Private Limited. | |
| Registrar to IPO | |
| KFin Technologies Limited |
| INDIA SHELTER FINANCE IPO Financial & Analytical Ratios | ||||
| Year | Total Income | Net Profit | EPS | RoNW |
| Rs. in Cr | Rs.in Cr | Rs. | % | |
| 2020-21 | 316.71 | 87.39 | 10 | 9.80 |
| 2021-22 | 447.98 | 128.45 | 15 | 12.80 |
| 2022-23 | 584.53 | 155.34 | 18 | 13.40 |
| Book Value of the Share on 31.03.2023 | Rs. | 141.38 | ||
| BV of the Share after the FPO | Rs. | ? | ||
| Offer Price at Cap | Rs. | 493 | ||
| INDIA SHELTER FINANCE IPO Ratio Analysis | |
| Price /EPS | 27.39 |
| Price/Book Value Ratio | 3.49 |
| Price/BV after IPO | ? |
How INDIA SHELTER FINANCE IPO compares with the Peers?
Peer Comparison.
| As on date of RHP | Total Income Rs. | Face | PE |
| Income | Value | Ratio of | |
| Rs. In Cr | Rs | ||
| India Shelter | 585 | 5 | 27.39 |
| Aptus Value housing | 1093 | 2 | 26.10 |
| Avas Financier | 1609 | 10 | 28.70 |
| Home First finance | 791 | 2 | 33.10 |
| – | – | ||
| X | – | – | – |
# This is only coverage of News related to Grey Market. We do not deal in grey market premium, nor we recommend dealing in Grey Market. Investment decision based on Grey Market trends can be faulty.
INDIA SHELTER FINANCE IPO Guidance
INDIA SHELTER FINANCE is a retail focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between Financial Year 2021 and Financial Year 2023, it witnessed a two- year CAGR growth of 40.8% in terms of assets under management (“AUM”)
Size of the IPO: Being mainboard IPO, IPO size of Rs. 1200 Cr is not very large and oversubscription can be attained easily. Because of strong growth momentum in the Real estate industry, the demand for housing finance is also increasing at very high rate. The company has solid business potential.
Valuation: Compared to the peers, the shares in this IPO are offered at very attractive valuation. Grey market fancy is expected. Apply with the objective of listing gains as well as for long term investments.
Study our Detailed Guidance and Corporate Video,Click
👉 IPO Live Analysis of India Shelter
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