India Shelter Finance Corporation IPO Details
Issue Date
13 Dec - 15 Dec'23
Price Range
₹469 - ₹493
Lot Size
30
IPO Size
₹1200.00 Cr
India Shelter Finance Corporation IPO Listing Details
Listing On
20 Dec'23
Issue Price
₹493
Listed Price
₹ 620
Retail Gain/Listing Gain
▲25.76%
Schedule of India Shelter Finance Corporation IPO
Start date
13/12/2023
End date
15/12/2023
Allotment of bids
Refund Initiation
Listing on exchange
20/12/2023
India Shelter Finance IPO Review | Issue Details, Future Strategies And More
Kotak Neo
•03m 36s
Company Background
India Shelter Finance Corporation Limited is a retail-focused affordable housing finance company with an extensive distribution network of 203 branches as of September 30, 2023.
The company primarily caters to self-employed customers, with an emphasis on first-time home loan applicants within the low and middle-income groups in Tier II and Tier III cities in India. They also specialise in affordable housing loans, defined as loans with a ticket size below Rs. 2.5 million.
Risk Factors
- The company requires substantial capital for the business and operations.
- Any inability to comply with the financial and other covenants under their debt financing arrangements could adversely affect the business.
- The risk of non-payment or default by customers may adversely affect the business.
Key Strategies
- Grow and diversify their distribution network to achieve deeper penetration in key states and drive sustainable growth.
- Leverage their technology stack to achieve scalability, improving the efficiency and productivity of existing branches.
- Diversify borrowing profile and optimise borrowing costs.
Key Financials
Here are the key financials for India Shelter Finance Corporation Limited:
How to apply for IPO through ASBA
Kotak Neo
•00m 59 s
India Shelter Finance Corporation IPO FAQs
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