31 Mar 2021
Assets2,462.64
Total Income322.80
Profit After Tax87.39
NET Worth937.27
Reserves and Surplus894.20
Total Borrowing1,480.72
At a glance
Updated 2026-09-16The shares listed at ₹620.00, a 25.76% move from the issue price. India Shelter Finance Corporation is a Mainboard IPO with an issue size of ₹1,200.00 crore, proposed for listing on BSE, NSE. The offer opens on 13th Dec 2023 and closes on 15th Dec 2023. The issue structure includes a fresh issue of ₹800.00 crore and an offer-for-sale component of ₹400.00 crore. The current listing schedule points to 20th Dec 2023.
Issue details
Listing atBSE, NSE
Issue typeBook Build Issue
Issue size₹1,200.00 Cr
Fresh issue₹800.00 Cr
Offer for sale₹400.00 Cr
Face value₹5
Price band₹469.00–₹493.00
Allotment18th Dec 2023
Listing20th Dec 2023
Listing performance
Full performance ↗Issue price₹493.00
Listing price₹620.00
Current price—
Listing gain25.76%
Current return—
Price progressionIssue → Listing → Current
Grey market
GMP page ↗Latest GMP₹157.00
GMP / upper price31.85%
Est. listing₹650.00
GMP is unofficial sentiment data, not an exchange price.
Timeline
Opens13th Dec 2023
Closes15th Dec 2023
Allotment18th Dec 2023
Refund19th Dec 2023
Demat19th Dec 2023
Listing20th Dec 2023
Subscription demand
Full bidding ↗Total38.59×
Lot size
| Investor | Lots | Shares | Amount |
|---|---|---|---|
| Minimum Bid | 1 | 30 | ₹14,790 |
Company
Incorporated1998
Use of proceeds
| Object | Amount |
|---|---|
| To meet future capital requirements towards onward lending | ₹640.00 Cr |
| General corporate purposes | ₹110.92 Cr |
Financial performance
Year-wise operating scale, profitability and balance-sheet context.Revenue398.58₹ Cr · -34.3% vs prior year
PAT107.35₹ Cr · -30.9% vs prior year
Assets4,758.68₹ Cr · +10.8% vs prior year
Net Worth1,374.97₹ Cr · +10.8% vs prior year
Borrowing3,272.48₹ Cr · +10.1% vs prior year
3-year financial trendRevenue / EBITDA / PAT
₹ crore31 Mar 2022
Assets3,221.22
Total Income459.81
Profit After Tax128.45
NET Worth1,076.13
Reserves and Surplus1,033.02
Total Borrowing2,059.40
31 Mar 2023
Assets4,295.59
Total Income606.23
Profit After Tax155.34
NET Worth1,240.53
Reserves and Surplus1,197.98
Total Borrowing2,973.43
30 Sep 2023
Assets4,758.68
Total Income398.58
Profit After Tax107.35
NET Worth1,374.97
Reserves and Surplus1,335.36
Total Borrowing3,272.48
KPIs
| KPI |
|---|
| ROE |
| Debt / Equity |
| RoNW |
Valuation & shareholding
Pre-IPO EPS17.47
Pre-IPO P/E28.22
Post-IPO P/E24.58
Promoter holding pre56.75%
Promoter holding post48.17%
Market cap₹5277.62 Cr.
Peer comparison
| Company | EPS | P/E | RoNW | NAV |
|---|---|---|---|---|
| India Shelter Finance Corporation IPO | — | 8.96 x | — | — |
| Gaja Alternative IPO | — | 27.54 x | — | — |
| Turtlemint Fintech IPO | — | - | — | — |
| Onemi Technology IPO | — | 10.84 x | — | — |
Issue expenses
| Expense | Amount |
|---|---|
| Book Running Lead Managers’ (“BRLM”) fees and commissions (including brokerage, underwriting and selling commission) | ₹36.88 Cr |
| Brokerage, selling commission, bidding charges, processing fees and bidding charges for the Members of the Syndicate, Registered Brokers, Self Certified Syndicate Banks (“SCSB”), Registrar and Share Transfer Agents (“RTA”) and Collecting Depository Participants (“CDP”)(2)(3)(4)(5)(6)(7) | ₹3.60 Cr |
| Fees payable to the Registrar to the Offer | ₹0.26 Cr |
| Other expenses | ₹32.89 Cr |
Registrar & lead managers
Registrar
Kfin Technologies Ltd.Lead managers
- Kotak Mahindra Capital Co.Ltd.
Offer documents
Data is reconciled from multiple public IPO sources. Official exchange filings and offer documents remain the source of truth. Last verified 2026-09-16.
IPO UPDATE ALERTS
Register for IPO Updates →Track India Shelter Finance Corporation without missing an update
Register for subscription, GMP, allotment and listing notifications.