India Shelter Finance Corporation Limited Incorporated in 1998, previously known as Satyaprakash Housing Finance India Limited, is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP).
The company offers loan amounts between Rs. 5 Lakhs to Rs. 50 Lakhs for a tenure of up to 20 years. As of 30th Nov 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, helping families own, extend, or improve their homes.
As of September 30, 2023, the company has a network of 203 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company’s number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 203 as of September 30, 2023. The company pursues a Phygital model which involves a “foot on the street” approach to physical customer service through a network of more than 1,500 customer advisors (as of 30 September 2023) and the digitalization of customer service in all credit and banking processes.
India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, as of March 31, 2023.
India Shelter Finance Corporation Limited IPO Timetable
| Particular | Date |
| IPO Open Date | 13 Dec 2023 |
| IPO Close Date | 15 Dec 2023 |
| Allotment Date | 18 Dec 2023 |
| IPO Listing Date | 20 Dec 2023 |
India Shelter Finance Corporation Limited IPO Details
| Issue Type | Book Built Issue IPO |
| Face Value | Rs. 5 Per Equity Share |
| IPO Price | Rs. 469 to Rs. 493 Per Equity Share |
| Market Lot | 30 Share |
| ISIN Code | |
| Listing At | NSE & BSE |
| Issue Size | Approx. Rs. 1200 Crore. |
India Shelter Finance Corporation Limited IPO Lot Size
| Application | Lots | Shares | Amount |
| Minimum | 1 | 30 | Rs. 14790 |
| Maximum | 13 | 390 | Rs. 192270 |
| Small HNI (Minimum) | 14 | 420 | Rs. 207060 |
| Big HNI (Minimum) | 68 | 2040 | Rs. 1005720 |
India Shelter Finance Corporation Limited IPO Details Allotment Status
Click Here To Check IPO Allotment Status India Shelter Finance Corporation Limited
Click Here To Get ASBA Forms India Shelter Finance Corporation Limited
Company Financials:
| Particular | 31 March 2023 | 31 March 2022 | 31 March 2021 |
| Total Assets | 4295.59 | 3221.22 | 2462.64 |
| Total Revenue | 459.81 | 459.81 | 322.80 |
| Profit After Tax | 155.34 | 128.45 | 87.39 |
Company Promoters:
Anil Mehta, WestBridge Crossover Fund, LLC, and Aravali Investment Holdings are the company’s promoters.
Purpose of the Issue
The company intends to utilize the net proceeds from the issue towards the funding of the following objects:
- To meet future capital requirements towards onward lending, and
- General corporate purposes.
Registrar & Company Details
| Company Contact Information | IPO Registrar |
| India Shelter Finance Corporation Limited 6 th Floor, Plot No. 15 Sector 44, Institutional Area, Gurugram – 122 002 Phone: +91 124 413 1800 Email: compliance@indiashelter.in Website: https://www.indiashelter.in/ | Kfin Technologies Limited Phone: 04067162222, 04079611000 Email: indiashelter.ipo@kfintech.com Website: https://kosmic.kfintech.com/ipostatus/ |
