The share allotment of India Shelter Finance IPO is expected to be finalised on Monday. Investors received shares on a lottery basis and the whole process was supervised by the registrar.
On the allotment date, investors get to know about the number of shares allotted to them as against the bids made. They can check the allotment status through the BSE or by visiting the registrar’s website. Here’s how you can check the status on BSE.
Step 1: Visit the BSE Website
Step 2: Please select the issue name, that is the company’s name in the drop down.
Step 3: Enter the application number or PAN number to check the allotment status.
The company’s shares are expected to get listed on the exchanges on December 20. According to market sources, India Shelter Finance is commanding a premium of Rs 170 in the unlisted market.
Considering the upper price band of Rs 493, the stock is likely to debut with a premium of 34%.
At the upper price band, the company is valued at P/BV of 2.4X with market cap of Rs 5278 crore post the issue.
India Shelter Finance is a retail-focused affordable housing finance company with an extensive distribution network and a scalable technology infrastructure. Between FY21-FY23, it witnessed a two-year CAGR growth of 40.8% in terms of assets under management (AUM).
The company offers home loans up to Rs 50 lakhs to urban households for construction, extension, renovation and purchase of new homes. It has one of the fastest growing AUM among housing finance companies in India, high yields and a granular, retail focused portfolio.
India Shelter Finance has recorded 32% year-on-year growth in its total income at Rs 606 crore for the financial year ended March 2023. Profit for the same period rose 21% to Rs 155 crore.
ICICI Securities, Citigroup Global Markets, Kotak Mahindra Capital Company and Ambit Pvt Ltd are the book running lead managers for the IPO.
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