India Shelter Finance Corporation Limited IPO

India Shelter Finance Corporation Limited IPO

India Shelter Finance Corporation’s IPO aims to raise Rs.1,800 crores. This offer has two components- 1. Fresh Issue amounting to Rs.1,000 crores and 2.Offer for Sale. The Fresh Issue amounting to Rs.800 crores. The funds raised  will be used to meet the future capital requirement of the company. 

India Shelter Finance Corporation Ltd IPO – Important Details

India Shelter Finance Corporation IPO Date December 13, 2023 to December 15, 2023
India Shelter Finance Corporation IPO Listing Date December 20, 2023
India Shelter Finance Corporation IPO Price INR 469 to 493 per share
India Shelter Finance Corporation IPO Lot Size 30 Shares
India Shelter Finance Corporation IPO Total Issue Size ₹1800 Crores
India Shelter Finance Corporation IPO Basis of Allotment December 18, 2023
India Shelter Finance Corporation IPO Initiation of Refunds December 19, 2023
India Shelter Finance Corporation IPO Credit of Shares to Demat December 19, 2023
India Shelter Finance Corporation IPO Issue Type Book Built Issue IPO
India Shelter Finance Corporation IPO Listing At BSE, NSE

India Shelter Finance Corporation Ltd IPO – Company Profile

Established in 1998, India Shelter Finance Corporation was co-founded by Anil Mehta, WestBridge Crossover Fund, LLC and Aravali Investment Holdings. 

The company’s primarily engaged in providing affordable housing finance. Over the years, the company has built a scalable technology infrastructure and an extensive distribution network of 183 branches spread across 15 states which covers 94% of the affordable housing finance market in India as on 31st March,2023. The company has achieved growth in AUM of 40.8% between financial years 2021-23.

In the year 2023, the company received many awards and recognitions like ‘Best SDG Impact’ award, ‘Best House Financier of the Year’, ‘Best Customer Centric IT Implementation of the Year’, ‘Best Brand Building Campaign’ and many more. 

India Shelter Finance Corp Ltd IPO – Fundamental Analysis

Revenue Growth: 

India Shelter Finance Corp Ltd has consistently grown its revenue, reaching ₹5,029.46 million in 2023 from ₹2,745.72 million in 2021, indicating a strong upward sales trend.

Profitability: 

The company’s profitability has shown substantial improvement, with a profit after tax of ₹1,553.42 million in 2023 compared to ₹873.89 million in 2021, reflecting increased operational efficiency.

Return on Net Worth (RoNW): 

RoNW has steadily increased from 9.8% in 2021 to 13.4% in 2023, indicating improved profitability relative to shareholders’ equity.

Earnings Per Share (EPS): 

Diluted EPS has risen from ₹9.93 in 2021 to ₹17.47 in 2023, signaling higher earnings per share for investors.

Net Asset Value (NAV) per Equity Share: 

NAV per equity share has consistently grown, reaching ₹141.38 in 2023, indicating improved asset value per share.

Asset and Liability Management: 

The company’s total assets have seen substantial growth, reaching ₹42,955.91 million in 2023, while total liabilities have also increased, reflecting expansion and higher financial obligations.

Summary: 

India Shelter Finance Corp Ltd financials exhibit robust revenue growth, improved profitability, and enhanced returns for shareholders. However, investors should carefully evaluate the increasing liabilities and the sustainability of this growth before considering an investment in the IPO.

India Shelter Finance Corp Ltd IPO Financial Information

Particular As at 31 March 2021 As at 31 March 2022 As at 31 March 2023
Revenue (₹ in Million) 2,745.72