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.

	India Shelter Finance IPO	SBFC Finance IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Ambit Private Limited	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,758.68	4,295.59	3,221.22	2,462.64
Revenue	398.58	606.23	459.81	322.80
Profit After Tax	107.35	155.34	128.45	87.39
Net Worth	1,374.97	1,240.53	1,076.13	937.27
Reserves and Surplus	1,335.36	1,197.98	1,033.02	894.20
Total Borrowing	3,272.48	2,973.43	2,059.40	1,480.72
Amount in ₹ Crore

SBFC Finance IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,207.99	4,231.19	4,515.03	5,746.44
Revenue	444.85	511.53	530.70	740.36
Profit After Tax	35.50	85.01	64.52	149.74
Net Worth	752.09	944.72	1,026.78	1,466.88
Reserves and Surplus
Total Borrowing	3,056.38	2,772.55	2,948.82	3,745.83

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

Compare with others

India Shelter Finance IPO	SBFC Finance IPO
Rishabh Instruments IPO	Pyramid Technoplast IPO
Ratnaveer Precision Engineering IPO	India Shelter Finance IPO
Vishnu Prakash R Punglia IPO	Balaji Speciality Chemicals IPO
Aeroflex Industries IPO	TVS Supply Chain Solutions IPO
Pyramid Technoplast IPO	Concord Biotech IPO
Balaji Speciality Chemicals IPO	Yatharth Hospital IPO
TVS Supply Chain Solutions IPO	Netweb Technologies India IPO
Concord Biotech IPO	Utkarsh Small Finance Bank IPO
SBFC Finance IPO	Senco Gold IPO
Yatharth Hospital IPO	Cyient DLM IPO

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