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Repco Home Finance IPO is a book built issue of Rs 270.39 crores.
Repco Home Finance IPO bidding started from March 13, 2013 and ended on March 15, 2013. The shares got listed on BSE, NSE on April 1, 2013.
Repco Home Finance IPO price band is set at ₹165 to ₹172 per share. The minimum lot size for an application is 75 Shares. The minimum amount of investment required by retail investors is ₹12,900.
Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd), Jm Financial Limited and SBI Capital Markets Limited are the book running lead managers of the Repco Home Finance IPO, while Kfin Technologies Limited is the registrar for the issue.
Refer to Repco Home Finance IPO RHP for detailed information.
| IPO Date | March 13, 2013 to March 15, 2013 |
| Listing Date | April 1, 2013 |
| Face Value | ₹10 per share |
| Price Band | ₹165 to ₹172 per share |
| Lot Size | 75 Shares |
| Total Issue Size | 15,720,262 shares (aggregating up to ₹270.39 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
| Share holding pre issue | 46,440,785 |
| Share holding post issue | 62,161,047 |
Repco Home Finance IPO offers 13,389,223 shares. 5,439,091 (40.62%) to QIB, 2,331,040 (17.41%) to NII, 5,439,092 (40.62%) to RII, 180,000 (1.34%) to employees. 72,521 RIIs will receive minimum 75 shares and (sNII) and (bNII) will receive minimum 1,200 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| Anchor Investor Shares Offered | - | NA |
| QIB Shares Offered | 5,439,091 (40.62%) | NA |
| NII (HNI) Shares Offered | 2,331,040 (17.41%) | |
| Retail Shares Offered | 5,439,092 (40.62%) | 72,521 |
| Employee Shares Offered | 180,000 (1.34%) | NA |
| Total Shares Offered | 13,389,223 (100%) |
Investors can bid for a minimum of 75 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 75 | ₹12,900 |
| Retail (Max) | 15 | 1125 | ₹193,500 |
| Lot Size Calculator | |||
The promoter of theCompany is The Repatriates Co-operative Finance and Development Bank Limited.
| Share Holding Pre Issue | 50.02% |
| Share Holding Post Issue | 37.37% |
Incorporated in 2000, Repco Home Finance Ltd (RHFL) is mainly engaged in the business of housing finance. RHFL products include dream home loans, home makeover loans, mortgage loans, plot loans, commercial construction loans, NRI housing loans and loans for fifty-plus individuals.
RHFL is operating through 73 branches and 19 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat and the
Union Territory of Puducherry. They are registered as a housing finance company with the NHB, the housing finance regulator of India. Company is headquartered in Chennai, Tamil Nadu and promoted by The Repatriates Co-operative Finance and Development Bank Limited ("Repco Bank Limited"), a Government of India owned enterprise, in April 2000.
They are in the business of financing:
1. The construction and/or purchase of residential and commercial properties including repairs and renovations ("Individual Home Loans"); and
2. Loans against properties ("Loans Against Property").
| KPI | Values |
|---|---|
| RoNW | 22.28% |
Company intends to utilise the proceeds from the Issue, after deduction of the Issue related expenses (the "Net Proceeds") towards augmentation of their capital base to meet their future capital requirements arising out of growth in their business.
[Dilip Davda]
On performance front, the company has posted an average EPS of Rs. 13.01 for last three fiscals and for first six months ended 30.09.12 Rs. 7.67 (Not annualized). Thus the asking price is at a P/E of 12 plus on the existing equity of Rs. 46.44 crore which will stand enhanced to Rs. 62.16 crore post this issue. Attribution of these earnings on expanded equity translates asking price at around 15.5 P/E. Its NAV as on 30.09.12 is Rs. 72.97, thus offer is at a P/BV of 2.26 and compares well with leading peers like LIC HF, HDFC, Gruh Finance etc.
On BRLM's mandate performance front the data represents the total issues managed / number of issues failed to give listing gain respectively - SBI Cap (20/9), IDFC (11/4) and JM Financial (24/8). However, considering the fancy for housing finance companies, moderate investment is recommended.
Read detail review...The Repco Home Finance IPO is subscribed 1.65 times on March 15, 2013 5:00:00 PM. The public issue subscribed 0.51 times in the retail category, 3.39 times in the QIB category, and 0.35 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) |
|---|---|
| QIB | 3.39 |
| NII | 0.35 |
| Retail | 0.51 |
| Employee | 0.57 |
| Total | 1.65 |
ICRA has assigned an IPO Grade 3 to Repco Home Finance Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
| Listing Date | April 1, 2013 |
| BSE Script Code | 535322 |
| NSE Symbol | REPCOHOME |
| ISIN | INE612J01015 |
| Final Issue Price | ₹172 per share |
| Price Details |
|---|
| Final Issue Price |
| Open |
| Low |
| High |
| Last Trade |
| BSE |
|---|
| ₹172.00 |
| ₹165.00 |
| ₹158.05 |
| ₹176.00 |
| ₹160.85 |
| NSE |
|---|
| ₹172.00 |
| ₹159.95 |
| ₹158.00 |
| ₹175.90 |
| ₹161.80 |
Repco Home Finance Ltd
Repco Tower No 33,
North Usman Road,
T Nagar, Chennai - 600017
Phone: 91-44-28340715
Email: cs@repcohome.com
Website: http://www.repcohome.com
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: repco.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
Repco Home Finance IPO is a main-board IPO of 15,720,262 equity shares of the face value of ₹10 aggregating up to ₹270.39 Crores. The issue is priced at ₹165 to ₹172 per share. The minimum order quantity is 75 Shares.
The IPO opens on March 13, 2013, and closes on March 15, 2013.
Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
The Repco Home Finance IPO opens on March 13, 2013 and closes on March 15, 2013.
Repco Home Finance IPO lot size is 75 Shares, and the minimum amount required is ₹12,900.
You can apply in Repco Home Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.
The finalization of Basis of Allotment for Repco Home Finance IPO will be done on [.], and the allotted shares will be credited to your demat account by [.]. Check the Repco Home Finance IPO allotment status.
Dilip Davda
SEBI registered Research Analyst
Mumbai
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Thanks four your reply.