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INDIA SHELTER FINANCE CORPORATION IPO

IPO Details

-
-
30 shares
₹ 14,790
₹ 469 - 493
₹ up to 1200 cr

Issue timeline

  • -
  • 18-Dec-2023
  • 19-Dec-2023
  • 19-Dec-2023
  • 20-Dec-2023

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

About Company

- A retail focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. (Source: Company DRHP)
- Their target segment is the self-employed customer with a focus on first time home loan takers in the low and middle income group in Tier II and Tier III cities in India.
- Has 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.

Strengths & Risks

Strengths (3)

One of the Fastest Growing Assets under Management among Housing Finance Companies in India
They primarily finance the purchase and self-construction of residential properties by first-time home loan takers through home loans and also offer loans against property. They have been able to maintain consistently high yield of more than 14% on our portfolio driven by commitment to deliver strong financial performance during the last three Financial Years. (Source: Company DRHP)

Risks (2)

The risk of non-payment or default by their customers may adversely affect business
They primarily serve customers in the low and middle-income strata in India. Their customers may default in their repayment obligations due to various reasons including business failure, insolvency, lack of liquidity, loss of employment or personal emergencies such as the death of an income generating family member. They cannot assure that their risk management controls will be sufficient to prevent future losses on account of customer defaults, which may adversely affect business(Source: Company DRHP)

  • One of the Fastest Growing Assets under Management among Housing Finance Companies in India
    They primarily finance the purchase and self-construction of residential properties by first-time home loan takers through home loans and also offer loans against property. They have been able to maintain consistently high yield of more than 14% on our portfolio driven by commitment to deliver strong financial performance during the last three Financial Years. (Source: Company DRHP)

  • Extensive and Diversified Phygital Distribution Network
    The company has over 13 years of operations as a housing finance company, their distribution network has grown to 183 branches across 15 states in India, as of March 31, 2023. They have a significant presence in the states of Rajasthan, Maharashtra, Madhya Pradesh, Karnataka and Gujarat, which, as of March 31, 2023 account for 47% of the affordable housing finance market in India (Source: CRISIL Report, Company DRHP)

  • In-house Origination Model to Ensure Efficient and Seamless Operations
    The company maintains a robust in-house infrastructure seeking to ensure seamless operations and independence across various key functions. During Financial Year 2023, 97.7% of disbursed loans were originated in-house. To strengthen customer connections and build trust, they have undertaken initiatives such as prioritizing localized hiring for their branches. (Source: Company DRHP)

  • The risk of non-payment or default by their customers may adversely affect business
    They primarily serve customers in the low and middle-income strata in India. Their customers may default in their repayment obligations due to various reasons including business failure, insolvency, lack of liquidity, loss of employment or personal emergencies such as the death of an income generating family member. They cannot assure that their risk management controls will be sufficient to prevent future losses on account of customer defaults, which may adversely affect business(Source: Company DRHP)

  • They are affected by volatility in interest rates
    The Company's results of operations depend substantially on the level of their net interest income. Any change in interest rates would affect their interest expense on floating interest-bearing liabilities as well as net interest income and net interest margins. (Source: Company DRHP)

vishal-mega-mart IPO

India Shelter Finance Corporation IPO

₹ 14,790
30 shares

Subscription Status

Shareholder -
Qualified Institutional Buyers -
Non-Institutional Investor -
Retail Individual Investor -
Employee -
Total -

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*The financials mentioned above are sourced from DRHP/ RHP documents.

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