India Shelter Finance Corporation Ltd. IPO

India Shelter Finance Corporation Limited is a retail-focused affordable housing finance company operating in India. It helps families own, extend, or improve their homes by disbursing loans. With an extensive distribution network and a scalable technology infrastructure, India Shelter has facilitated over Rs. 5,500 crores in loans as of November 2023. Committed to customer satisfaction, the company offers a range of loan products and ensures high safety standards through its robust systems.

RHP
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DRHP
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Open Date

2023-12-13

Close Date

2023-12-15

India Shelter Finance Corporation Ltd. IPO Details

Check out the issue details for India Shelter Finance Corporation Ltd. IPO as disclosed in SEBI.

IPO Price

₹ 493

Price Band

₹ 469 - 493

Issue Size

1200 Cr.

Issue Type

Book Built

Open

2023-12-13

Close

2023-12-15

Listingprice

₹ 620

ListingGain

25.76%

Listing Date

2023-12-20

CMP

₹ 957.1

Current Return

94.14%

Company Financials

You can get the following financial statements of India Shelter Finance Corporation Ltd. as of now.

The details about the India Shelter Finance Corporation Ltd IPO is as:

  • The issue size of the IPO is 1200 Cr.
  • The price band for India Shelter Finance Corporation Ltd IPO is Rs 469 to Rs 493.
  • The shares of India Shelter Finance Corporation Ltd IPO will list on 20th December 2023.
  • The latest tentative GMP of India Shelter Finance Corporation Ltd IPO is Rs 165.
  • The shares of India Shelter Finance Corporation Ltd IPO is subscribed 38.59 Times as of 15th December 2023. 
  • The shares of India Shelter Finance Corporation Ltd IPO is oversubscribed. 

 

India Shelter Finance Corporation Ltd IPO Valuation

The approx valuation of India Shelter Finance Corporation Ltd IPO based on its price band and DRHP (prospectus) is:

Particulars Value
Upper Price Band Rs 493
Existing Shares (Qty) 9.08 Cr
Fresh Issue 800 Cr
Market Cap 5276.44 Cr
EPS (FY23) Rs 17.75
PE Ratio 27.7x
Industry PE 31.7x

 

India Shelter Finance Corporation Ltd IPO Issue Size

India Shelter Finance Corporation Ltd IPO issue size is 1200 Cr

Issue Amount
Fresh Issue 800 Cr
Offer For Sale 400 Cr

 

India Shelter Finance Corporation Ltd IPO Market Lot

An Individual can apply for a minimum 1 lot of 30 shares and a maximum of 13 lots of 390 shares. Find the details below:

Application Lot Shares Amount
 Minimum  1 30 14,790
 Maximum 13 390 1,92,270

 

India Shelter Finance Corporation Ltd IPO share offer

The shares of India Shelter Finance Corporation Ltd IPO is subscribed 38.59 Times as of 15th December 2023. The category-wise shares offered are as follows:

Category % Offered Subscription
Qualified Institutional Maximum 50% 94.29 Times
Non-Institutional Minimum 15% 29.97 Times
Retail Individual Minimum 35% 10.46 Times
Total   38.59 Times

Find below the dates for India Shelter Finance Corporation Ltd IPO:

Schedule Date
Basis of Allotment 18 December 2023
Refunds 19 December 2023
Credit to Demat Account 19 December 2023
IPO Listing Date 20 December 2023

 

India Shelter Finance Corporation Ltd IPO allotment is released. You can check India Shelter Finance Corporation IPO allotment by clicking on the button below.

Check allotment status

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Net Sales 316.71 447.98 583.91 828.61 1164.5
Total Expenditure 97.42 134.83 182.65 238.66 311
Operating Profit 219.29 313.14 401.27 589.95 853.5
Other Income 6.09 11.83 21.71 32.33 10.3
Interest 107.33 151.53 213.31 294.16 364.12
Depreciation 5.1 6.54 8.2 9.91 11.6
Exceptional Items 0 0 0 0 0
Profit Before Tax 112.96 166.9 201.47 318.21 488.09
Provision for Tax 25.57 38.45 46.49 71.34 111.04
Net Profit 87.39 128.45 154.98 246.87 377.05
Adjusted EPS (Rs.) 2.03 2.94 3.54 2.31 3.49

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity and Liabilities
Share Capital 42.98 43.71 43.76 53.53 53.95
Total Reserves 894.29 1032.42 1196.4 2244.05 2652.87
Borrowings 1491.29 2070.01 2988.87 2649.45 3883.63
Other N/C liabilities -5.74 6.5 2.28 -1.83 -4.97
Current liabilities 30.48 65.63 60.81 844.83 1153.85
Total Liabilities 2453.31 3218.27 4292.12 5790.03 7739.33
Assets
Net Block 15.11 17.04 24.32 29.81 29.36
Capital WIP 0 0 0 0 0
Intangible WIP 0 0 0 0 0
Investments 0 0 12 12 126.55
Loans & Advances 0.2 0.4 0 0 0
Other N/C Assets 3.48 3.37 6.45 5182.13 6998.51
Current Assets 2434.52 3197.46 4249.35 566.08 584.91
Total Assets 2453.31 3218.27 4292.12 5790.03 7739.33
* Other Non-current Liabilities include Net deferred Liabilities

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
Other Income 9.66 9.18 0.84 0.15 0.13
Profit Before Tax 99.42 107.8 116.88 124.09 139.31
Tax 21.67 24.47 27.01 28.16 31.4
Profit After Tax 77.75 83.33 89.87 95.93 107.92
Adjusted EPS (Rs) 7.26 7.78 8.37 8.91 10

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2025 47.92 0
Dec 2024 48 0
Sep 2024 48.14 0
Jun 2024 48.22 0
Mar 2024 48.3 0
* Figures given above are % of equity capital

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Profit from operations 112.96 166.9 201.47 318.21 488.09
Adjustment 3.32 -20.86 25.88 29.26 16.47
Changes in Assets & Liabilities -515.76 -613.84 -1029.91 -1505.68 -1836.81
Tax Paid -21.36 -27.48 -50.06 -74.76 -103.36
Operating Cash Flow -420.85 -495.28 -852.63 -1232.97 -1435.61
Investing Cash Flow 76.64 -185.78 160.54 -233.3 -60.58
Financing Cash Flow 559.96 591.77 906.83 1219.58 1566.19
Net Cash Flow 215.75 -89.29 214.74 -246.68 70
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