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Complete IPO details, including price band, financials, subscription status, and key insights.
Participate in the India Shelter Finance Corporation Ltd IPO with full transparency. Review issue details, company fundamentals, and financial performance, and apply securely through Alice Blue.
Key metrics and details at a glance.
Price Band
₹493
Per ShareLot Size
30 Shares
Minimum Investment
₹14,790
Issue Size
₹1,200 Cr
Face Value
₹5
Per ShareIPO Type
Book Building
Retail Quota
35%
QIB Quota
50%
NII Quota
15%
Important dates for your applying strategy.
Business model, operations, and market positioning.
Promoter Holding (Pre-Issue)
56.7%
Promoter Holding (Post-Issue)
48.1%
Issue Type
Book Building
ISIN
INE922K01024
India Shelter Finance Corporation Limited is a retail focused affordable housing finance company with an extensive distribution network comprising 203 branches as of September 30, 2023 and a scalable technology infrastructure across its business operations and throughout the loan life cycle. Between Financial Year 2021 and Financial Year 2023, The Company witnessed a twoyear compounded annual growth rate ("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.
The housing finance sector of India comprises public sector banks, private sector banks, housing finance companies, non-banking financial companies and other players. The overall size of the affordable housing finance market in India in terms of loan outstanding was around Rs.11.5 trillion as of March 2023, constituting around 37% of the overall housing finance market. The Indian housing finance market recorded a CAGR of approximately 13.5% (growth in loan outstanding) over the financial years 2019-2023 on account of a rise in disposable income, healthy demand, and a greater number of players entering the segment.
Revenue, profit after tax and total assets across the last 3 reported financial years.
Amount in ₹ crore
How the company plans to utilize IPO proceeds.
The funds raised through this IPO will be used for:
Initial public offering of 24,340,768^ equity shares of face value of Rs. 5 each ("Equity Shares") of India Shelter Finance Corporation Limited (The "Company" or the "Issuer") for cash at a price of Rs. 493.00 per equity share of face value of Rs. 5 each including a securities premium of Rs. 488.00 per equity share (the "Offer Price") aggregating to Rs. 1200.00 crores^ (the "Offer"). The offer comprises of a fresh issue of 16,227,180^ equity shares of face value of Rs. 5 each by the company aggregating to Rs. 800.00 crores^ (the "Fresh Issue") and an offer for sale by Catalyst Trusteeship Limited (as trustee of micp trust) of 405^ equity shares of face value of Rs. 5 each aggregating to Rs 0.02 crores^, by catalyst trusteeship limited (as trustee of madison india opportunities trust fund) of 3,474,442^ equity shares of face value of Rs. 5 each aggregating to Rs. 171.29 crores^, by Madison India Ppportunities iv of 1,104,056^ equity shares of face value of Rs. 5 each aggregating to Rs. 54.43 crores^, by Mio Starrock of 644,219^ equity shares of face value of Rs. 5 each aggregating to Rs. 31.76 crores^ and by Nexus Ventures iii, Ltd. of 2,890,466^ equity shares of face value of Rs. 5 each aggregating to Rs. 142.50 crores^ (collectively, the "Investor Selling Shareholders" or the "Selling Shareholders") ("The Offer for Sale"). The offer constitutes 22.74% of the post-offer paid up equity share capital of the company. The face value of equity shares is Rs. 5 each. The offer price is 98.60 times the face value of the equity shares. ^Subject to finalisation of basis of allotment. i
*Subject to approvals and market conditions.
Key competitive advantages and factors to consider before investing.
Live demand across investor categories.
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*Real-time data subject to exchange updates
India Shelter Finance Corporation Limited was incorporated under the name "Satyaprakash Housing Finance India Limited" on October 26, 1998, as a public limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated October 26, 1998, issued by the Registrar of Companies, Madhya Pradesh at Gwalior. A certificate for commencement of business dated November 18, 1998, was granted to "Satyaprakash Housing Finance India Limited" by the Registrar of Companies, Madhya Pradesh at Gwalior. Further, a certificate of registration dated December 31, 2002, was granted to "Satyaprakash Housing Finance India Limited" by the National Housing Bank bearing registration number 02.0034.02 to carry on the business of a housing finance institution without accepting public deposits. Pursuant to the change of the name of the Company from "Satyaprakash Housing Finance India Limited" to "India Shelter Finance Corporation Limited", as approved by its Shareholders pursuant to a special resolution dated May 13, 2010, the Company was issued a fresh certificate of incorporation dated July 8, 2010, by the Registrar of Companies, Madhya Pradesh and Chhattisgarh at Gwalior. A certificate of registration dated September 14, 2010 was granted to the Company by the NHB bearing the registration number 09.0087.10 to carry on the business of a housing finance institution without accepting public deposits.
Wholesalers and Retailers
Amount in ₹ crore
Amount in ₹ crore
Figures in ₹ crore, on a consolidated basis, as reported for FY24 to FY26.