India Shelter Finance IPO Date, Review, Price, Allotment Details

India Shelter Finance IPO Details: India Shelter Finance IPO date is fixed, the IPO is to hit the market on December 13 and will close on December 15. India Shelter Finance IPO to raise around ₹1200 crores via IPO that comprises fresh issue of ₹800 crores and offer for sale up to ₹400 crores of ₹10 each. The retail quota is 35%, QIB is 50%, and HNI is 15%.
India Shelter Finance IPO

Table of Contents

India Shelter Finance is a retail-focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between Financial Year 2021 and Financial Year 2023, the company witnessed a two-year CAGR growth of 40.8% in terms of assets under management (“AUM”) (Source: CRISIL Report).


India Shelter Finance’s target segment is the self-employed customer with a focus on first-time home loan takers in the low and middle-income groups in Tier II and Tier III cities in India. For the Financial Year 2023, our yield to advances was 14.9%, which was the second highest in India for such a period (Source: CRISIL Report).

They have an extensive and well-established network of 183 branches spread across 15 states with a significant presence in the states of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat wherein their branch vintage is five years and above, as of March 31, 2023. They have a presence in states which cover 94% of the affordable housing finance market in India, as of March 31, 2023 (Source: CRISIL Report).


Objects of the Issue

  • to meet future capital requirements towards onward lending; and
  • general corporate purposes.

India Shelter Finance IPO Review (Apply or Not)

  • May Apply

Brokerage Firm IPO Review

  • Swastika Investmart Ltd: May apply

India Shelter Finance IPO Date & Price Band Details

IPO Open:December 13, 2023
IPO Close:December 15, 2023
IPO Size:Approx ₹1200 Crores
Fresh Issue:Approx ₹800 Crores
Offer for Sale:Approx ₹400 Crores
Face Value:₹10 Per Equity Share
IPO Price Band:₹469 to ₹493 Per Share
IPO Listing on:BSE & NSE
Retail Quota:35%
QIB Quota:50%
 NII Quota:15%
DRHP Draft Prospectus:Click Here
RHP Draft Prospectus:Click Here
Anchor Investors List:Click Here

India Shelter Finance IPO Market Lot

The India Shelter Finance IPO minimum market lot is 30 shares with ₹14,790 application amount. The retail investors can apply up-to 13 lots with 390 shares or ₹192,270 amount.

ApplicationLot SizeSharesAmount
Retail Minimum130₹14,790
Retail Maximum13390₹192,270
S-HNI Minimum14420₹207,060
B-HNI Minimum682,040₹1,005,720

India Shelter Finance IPO Allotment & Listing Dates

The India Shelter Finance IPO date is December 13 and the close date is December 15. The India Shelter Finance IPO allotment will be finalized on December 18 and the IPO listing on December 20.

Anchor Investors Allotment:December 12, 2023
IPO Open Date:December 13, 2023
IPO Close Date:December 15, 2023
Basis of Allotment:December 18, 2023
Refunds:December 19, 2023
Credit to Demat Account:December 19, 2023
IPO Listing Date:December 20, 2023

You can check IPO subscription status and IPO allotment status on their respective pages.

India Shelter Finance IPO Form

How to apply for the India Shelter Finance IPO? You can apply for India Shelter Finance IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the India Shelter Finance IPO in the Invest section. The other option is you can apply for India Shelter Finance IPO via IPO forms downloaded via NSE and BSE. Check out the India Shelter Finance forms – Click BSE Forms & NSE Forms blank IPO forms download, fill, and submit in your bank or with your broker.


India Shelter Finance Company Financial Report

  ₹ in Crores
YearRevenueExpensePAT
2021₹323₹210₹87.39
2022₹460₹293₹128.45
2023₹606₹404₹155.34

India Shelter Finance IPO Valuation – FY2023

Check India Shelter Finance IPO valuations detail like Earning Per Share (EPS), Price/Earning P/E Ratio, Return on Net Worth (RoNW), and Net Asset Value (NAV) details.

Earning Per Share (EPS):₹17.75 per Equity Share
Industry Price/Earning P/E Ratio:29.3x Average
Return on Net Worth (RoNW):13.4%
Net Asset Value (NAV):₹141.38 per Equity Share

Peer Group

  • Aptus Value Housing Finance India Limited
  • Aavas Financiers Limited
  • Home First Finance Company India Limited

Company Promoters

  • Anil Mehta
  • WestBridge Crossver Fund, LLC
  • Aravali Investment Holdings

India Shelter Finance IPO Registrar

KFin Technologies Limited
Selenium Tower – B, Plot 31 & 32, Gachibowli,
Financial District, Nanakramguda, Serilingampally,
Hyderabad – 500 032, Telangana
Tel: +91 40 6716 2222 / 1800 309 4001
E-mail: [email protected]
Website: www.kfintech.com

India Shelter Finance IPO Allotment Status Check

Check India Shelter Finance IPO allotment status on KFintech website allotment URL. Click Here

India Shelter Finance IPO Lead Managers aka Merchant Bankers

  • ICICI Securities Limited
  • Citigroup Global Markets India Private Limited
  • Kotak Mahindra Capital Company Limited
  • Ambit Private Limited

Company Address

India Shelter Finance Corporation Limited
3rd Floor, Upper Ground Floor, and Lower Ground Floor,
Plot No. 15, Institutional Area,
Sector 44, Gurugram 122 002, Haryana
Phone: +91 124 413 1800
Email: [email protected]
Website: www.indiashelter.in

India Shelter Finance IPO FAQs

What is India Shelter Finance IPO?

India Shelter Finance IPO is a main-board IPO. They are going to raise ₹1200 Crores via IPO. The issue is priced at ₹469 to ₹493 pr equity share. The IPO is to be listed on BSE & NSE.

When India Shelter Finance IPO will open?

The IPO is to open on December 12, 2023 for QIB, NII, and Retail Investors.

What is India Shelter Finance IPO Investors Portion?

The investors’ portion for QIB is 50%, NII is 15%, and Retail is 35%.

How to Apply the India Shelter Finance IPO?

You can apply for India Shelter Finance IPO via ASBA online via your bank account. You can also apply for ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.

How to Apply the India Shelter Finance IPO through Zerodha?

Log in to Console in Zerodha Website or in Application. Go to Portfolio and Click on IPO. You will see the IPO Name “India Shelter Finance”. Click on Bid Button. Enter your UPI ID, Quantity, and Price. Submit IPO Application Form. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Zerodha.

How to Apply the India Shelter Finance IPO through Upstox?

Log in to the Upstox Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Upstox.

How to Apply the India Shelter Finance IPO through Paytm Money?

Log in to Paytm Money Application with your credentials. Select the IPO. You will see the IPO Name “India Shelter Finance”. Click on Bid Button. Confirm your Application. Now go to your UPI App on Net Banking or BHIM App to Approve the mandate. Open Demat Account with Paytm Money.

What is India Shelter Finance IPO Size?

India Shelter Finance IPO size is ₹1200 crores.

What is India Shelter Finance IPO Price Band?

India Shelter Finance IPO Price Band is ₹469 to ₹493.

What is the India Shelter Finance IPO Allotment Date?

India Shelter Finance IPO allotment date is December 18, 2023.

What is the India Shelter Finance IPO Listing Date?

India Shelter Finance IPO listing date is December 20, 2023. The IPO is to list on BSE and NSE.

Note: The India Shelter Finance IPO price band and date are officially announced. The IPO grey market premium (India Shelter Finance IPO Premium) will be added to the IPO grey market page as it will start).

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4 Responses

  1. Nice Information
    I think we should avoid this ipo.
    Especially for retailers
    It have high P.E compared to peer group

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