India Shelter Finance IPO out today; Here's how to check

18 Dec 2023 , 10:22 AM

The finalization of the share allotment for India Shelter Finance IPO is anticipated to take place on Monday. Investors were allocated shares through a lottery system, with the entire process overseen by the registrar.

On the allotment date, investors will discover the number of shares allotted to them in comparison to their submitted bids. The allotment status can be verified either through the BSE or by visiting the registrar’s website, KFin Technologies Limited.

Investors need to provide PAN details and application number to get the allotment status.

During the final day of the public issue, bids were received for 65,59,44,390 shares, while only 1,79,10,449 shares were available for subscription. This resulted in a subscription rate of 36.62 times. The retail portion of the public issue was oversubscribed by 9.79 times, the NII portion by 28.47 times, and the QIB portion by 38.60 times.

India Shelter Finance, a retail-focused affordable housing finance company with an extensive distribution network and scalable technology infrastructure, demonstrated a two-year CAGR growth of 40.8% in assets under management (AUM) between FY21 and FY23.

Providing home loans up to Rs 50 lakhs for construction, extension, renovation, and new home purchases in urban households, the company boasts one of the fastest-growing AUMs among housing finance companies in India, along with high yields and a granular, retail-focused portfolio.

For the financial year ending March 2023, India Shelter Finance achieved a 32% year-on-year growth in total income, reaching Rs 606 crore. Profit for the same period increased by 21% to Rs 155 crore.

The IPO’s book running lead managers include ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital Company, and Ambit Pvt Ltd.