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Repco Home Finance Ltd IPO (Repco Home Finance IPO) Detail

March 13, 2013 - March 15, 2013

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.

Repco Home Finance IPO Details

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 Size15,720,262 shares
(aggregating up to ₹270.39 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Repco Home Finance IPO Reservation

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 OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered5,439,091 (40.62%)NA
NII (HNI) Shares Offered2,331,040 (17.41%)
Retail Shares Offered5,439,092 (40.62%)72,521
Employee Shares Offered180,000 (1.34%)NA
Total Shares Offered13,389,223 (100%)

Repco Home Finance IPO Lot Size

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

About Repco Home Finance Ltd

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").

Objects of the Issue (Repco Home Finance IPO Objectives)

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.

Repco Home Finance IPO Review (Apply)

[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...


Repco Home Finance IPO Subscription Status (Bidding Detail)

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)

CategorySubscription (times)
QIB3.39
NII0.35
Retail0.51
Employee0.57
Total1.65

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.

Repco Home Finance IPO Prospectus

Repco Home Finance IPO Rating

47
3.3
Rating:Rated 3.3 stars
Vote Here ...

Repco Home Finance IPO Listing Details

Listing Date April 1, 2013
BSE Script Code 535322
NSE Symbol REPCOHOME
ISIN INE612J01015
Final Issue Price ₹172 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

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

Check IPO Performance…

Repco Home Finance Ltd Contact Details

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

Repco Home Finance IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000
Email: repco.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/

Repco Home Finance IPO - Buy or Not

Repco Home Finance IPO Recommendation Summary

Review By Subscribe Neutral Avoid
Brokers 3 0 0
Members 0 0 0

Read All Reviews Post Your Review Manage Reviews

Repco Home Finance IPO FAQs

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.

The Repco Home Finance IPO listing date is on April 1, 2013.
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Repco Home Finance IPO Message Board

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18 Comments

16. DG |   Link |  Bookmark |March 30, 2013 1:14:39 PM
Thanks but we are small retailors interested in booking profit on opening day.

Thanks four your reply.
15. Dreamearn com |   Link |  Bookmark |March 30, 2013 1:53:51 AM
Company fundamentally looks strong. Better to book in opening. www.dreamearn.com
14. DG |   Link |  Bookmark |March 29, 2013 12:24:30 PM
I have received an allotment of 1,125 Equity Shares of REPCO Home Finance IPO as very poor performance from retailors side.

Can anybody advise that will this share open in premium or in discount on trading day?

what is the strength of the comapny?
13. Dilip Davda |   Link |  Bookmark |March 29, 2013 11:36:45 AM
Top Contributor Top Contributor (200+ Posts, 200+ Likes)
Repco Home to get listed on BSE and NSE on 01.04.13 (Monday)

Dilip Davda
SEBI registered Research Analyst
Mumbai

Read my IPO Reviews

12. VIJAY AGRAWAL |   Link |  Bookmark |March 28, 2013 12:16:39 PM
LEASTING DATE : 01/04/2013 BEST OF LUCK
11. Dreamearn com |   Link |  Bookmark |March 25, 2013 9:56:07 PM
Fundamentally Stock is good. If opening at lower band. Hold. Try www.Dreamearn.com for Nifty Future view and Stock View. We are giving assurance that you will not loose in Indian Equity Market. Test and enjoy
10. manoj kumar |   Link |  Bookmark |March 23, 2013 7:46:25 PM
status of allotment? likely listing date? any grey market premium
9. VIJAY AGRAWAL |   Link |  Bookmark |March 23, 2013 5:56:41 PM
ASBA AC/ DEBITED TODAY IN STATE BANK OF HYDERABAD 12900/-
8. satyaaa |   Link |  Bookmark |March 16, 2013 8:27:29 PM
Hi Guys,

I want your advise.

I have started SIP in following companies for 12 months. Please 12 months tell me whether I will be in profit or loss. Let me say how many of you give almost correct reply. I will give feedback after 12 months.
1. Eclerx
2. Lupin
3. Glemmark Pharma
4. TCS
5. Page Industries
6. Asian Paints
7.Yes Bank
8. ING Vysya bank
9. Bajaj Auto
10. Nestle
11.Havells
12. Ultratech Cement
If anyone have better stock, Your are welcome.
Open challenge to all of you boarders.
8.1. Dreamearn com |   Link |  Bookmark |March 30, 2013 1:55:16 AM
Good Profile. Have to add one stock from HDFC Group and One from Tata Group. www.dreamearn.com
7. Saharanpuri |   Link |  Bookmark |March 15, 2013 10:16:26 PM (200+ Posts)
Repco finance IPO unexpectedly got good response in QIP category which got oversubscribed 3.4 times.what does this imply ? Will it be another Oberoi Realty n HMVL where retail investors got firm allotment n excelentn listing gains.
Any news on GMP prevailing?
6. SARBANANDA GATTANI |   Link |  Bookmark |March 13, 2013 6:10:15 PM
IN TODAYS PAPER THEY HAVE ANNOUNCED SOME RISK FACTOR IN WHICH THEIR FORMER MD HAS FILED A CASE AGAINST THEM . HENCE WE HAVE TO BE CAUTIOUS BEFORE APPLYING .
5. Saharanpuri |   Link |  Bookmark |March 13, 2013 12:27:20 AM (200+ Posts)
THERE IS ABSOLUTELY NO BUYER IN GMP FOR THIS REPCO FINANCE IPO. SEEMS PEOPLE ARE STILL SCARD OF VMART,BHARATI INFRATEL N ALL OTHER DISASTROUS IPOS.

EXCEPT FOR CARE NO IPO ABOVE ITS ISSUE PRICE.

SURELY IPO MEANS ITS PROBABLY OVERPRICED OR IDIOTIC PREPOSTEROUS OUTRAGEOUS..
5.1. gemipofinder |   Link |  Bookmark |March 13, 2013 8:05:35 AM
SAHARANPURIJI,

nice to see ur post after such a long time...

this ipo looked somewhat interesting but pricing part spoil everything

best to wait and watch and if possible avoid..
4. Amit S |   Link |  Bookmark |March 11, 2013 10:17:17 PM
Grey market rate 850 per minimum application....
First and Final....
3. hemant kumar |   Link |  Bookmark |March 11, 2013 12:28:56 PM
It is a Government company directly or indirectly. Any discount for retail investors?
2. lakho baroda |   Link |  Bookmark |March 11, 2013 12:07:42 PM
gray market primium is 15.
1. IPO MK RAJKOT |   Link |  Bookmark |March 7, 2013 3:00:18 PM
very expensive ipo,
avoid avoid avoid.