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India Shelter Finance IPO vs SBFC Finance IPO

Comparision between India Shelter Finance IPO and SBFC Finance IPO.

IPO Details

India Shelter Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBFC Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of India Shelter Finance IPO is up to ₹1,200.00 Cr whereas the issue size of the SBFC Finance IPO is up to ₹1,025.00 Cr. The final issue price of India Shelter Finance IPO is ₹493.00 per share and of SBFC Finance IPO is ₹57.00 per share.

  India Shelter Finance IPO SBFC Finance IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹469.00 per share ₹54.00 per share
Issue Price (Upper) ₹493.00 per share ₹57.00 per share
Issue Price (Final) ₹493.00 per share ₹57.00 per share
Discount (Retail)
Discount (Employee) ₹2.00 per share
Market Lot Size 30 shares 260 shares
Fresh Issue Size 1,62,27,181 shares
Fresh Issue Size (Amount) up to ₹800.00 Cr up to ₹600.00 Cr
OFS Issue Size 81,13,590 shares
OFS Issue Size (Amount) up to ₹400.00 Cr up to ₹425.00 Cr
Issue Size Total 2,43,40,771 shares
Issue Size Total (Amount) up to ₹1,200.00 Cr up to ₹1,025.00 Cr

IPO Timetable

India Shelter Finance IPO opens on Dec 13, 2023, while SBFC Finance IPO opens on Aug 03, 2023. The closing date of India Shelter Finance IPO and SBFC Finance IPO is Dec 15, 2023, and Aug 07, 2023, respectively.

  India Shelter Finance IPO SBFC Finance IPO
Anchor Bid Date Dec 12, 2023 Aug 02, 2023
Issue Open Dec 13, 2023 Aug 03, 2023
Issue Close Dec 15, 2023 Aug 07, 2023
Basis Of Allotment (Tentative) Dec 18, 2023 Aug 10, 2023
Initiation of Refunds (Tentative) Dec 19, 2023 Aug 11, 2023
Credit of Share (Tentative) Dec 19, 2023 Aug 14, 2023
Listing date (Tentative) Dec 20, 2023 Aug 16, 2023
Anchor Lockin End date 1 Jan 17, 2024 Sep 09, 2023
Anchor Lockin End date 2 Mar 17, 2024 Nov 08, 2023

Financials

India Shelter Finance IPO P/E ratio is 28.22, as compared to SBFC Finance IPO P/E ratio of 40.42.

  India Shelter Finance IPO SBFC Finance IPO
Financial

India Shelter Finance Corporation Limited Financial Information (Restated Consolidated)

India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,758.684,295.593,221.222,462.64
Revenue398.58606.23459.81322.80
Profit After Tax107.35155.34128.4587.39
Net Worth1,374.971,240.531,076.13937.27
Reserves and Surplus1,335.361,197.981,033.02894.20
Total Borrowing3,272.482,973.432,059.401,480.72
Amount in ₹ Crore
SBFC Finance IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets4,207.994,231.194,515.035,746.44
Revenue444.85511.53530.70740.36
Profit After Tax35.5085.0164.52149.74
Net Worth752.09944.721,026.781,466.88
Reserves and Surplus
Total Borrowing3,056.382,772.552,948.823,745.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 56.75% 78.83%
Promoter Shareholding (Post-Issue) 48.17% 64.03%
P/E Ratio 28.22 40.42
Market Cap ₹5277.62 Cr. ₹6065.78 Cr.
ROE 13.4%% 9.93%%
ROCE
Debt/Equity 2.12 2.2
EPS ₹17.47 ₹1.25
RoNW 13.4%% 7.97%%

Shares Offered

In the India Shelter Finance IPO retail investors (RII) are offered 85,19,270 shares while in SBFC Finance IPO retail investors are offered 85,19,270 shares. Qualified institutional buyers (QIB) are offered 48,68,154 shares in India Shelter Finance IPO and 3,56,05,261 shares in SBFC Finance IPO.

  India Shelter Finance IPO SBFC Finance IPO
Anchor Investor Reserveration 73,02,229 shares 5,34,07,893 shares
Market Maker Reserveration
QIB 48,68,154 shares 3,56,05,261 shares
NII 36,51,116 shares 2,67,03,948 shares
RII 85,19,270 shares 6,23,09,210 shares
Employee 0 shares 18,63,636 shares
Others
Total 1,70,38,540 shares 12,64,82,055 shares

Bids Received (Subscription)

India Shelter Finance IPO subscribed 38.59x in total, whereas SBFC Finance IPO subscribed 74.06x.

  India Shelter Finance IPO SBFC Finance IPO
QIB (times) 94.29x 203.61x
NII (times) 29.97x 51.82x
Big NII (times) 29.77x 56.69x
Small NII (times) 30.37x 42.07x
RII (times) 10.46x 11.60x
Employee (times) 6.21x
Other (times)
Total (times) 38.59x 74.06x

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