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Homesfy Realty Limited IPO Detail

Homesfy Realty Limited IPO Detail

Incorporated in 2011, Homesfy Realty Limited is engaged in providing real estate broking services to Real Estate Developers, retail buyers/sellers and investors for residential and commercial space.

The company run its brokerage business in name of Homesfy and is well partnered by the mymagnet platform.

Homesfy Realty Limited has established and currently maintains a network of 7 offices located in 4 cities, Mumbai, Pune, Noida and Bangalore, which primarily engage in sales, marketing and payment collection activities for the business.

Homesfy brokerage business is a combination of both offline and online presence and provides real estate broking-related services through the website www.homesfy.in, prospect calling, and platforms like Google and Facebook.

The company operating model is backed by strong expertise in lead generation backed by process-driven digital marketing expertise and automation. As of October 2022, 245 out of 380 employees were in the sales department.

Strengths:

  • The company have highly experienced and stable management
  • The company have long-standing relationships with the largest Developers in India
  • Efficient Transaction Process
  • Service Quality
  • The company have a well-qualified and highly motivated workforce
  • The company have established a wide network of offices to support and augment our sales and client management
  • The company have the technological expertise for the improvement and development of product portfolio
  • Growth through a combination of acquisitions and organic growth

Company Promoters

Mr. Ashish Premprakash Kukreja

IPO Details

IPO Opening DateDec 21, 2022
IPO Closing DateDec 23, 2022
Issue TypeFixed Price Issue IPO
Face Value₹10 per equity share
IPO Price ₹197 per equity share
Market Lot600 Shares
Min Order Quantity600 Shares
Listing AtNSE SME
Issue Size₹15.86 Cr
Fresh Issue₹15.86 Cr
Offer for Sale-
Retail Portion 50%

IPO Subscription (Bidding Detail)

AS On QIB SHNI BHNI NII RII TOTAL
Day 1 - - 0.76x 1.73x 1.24x
Day 2 - - 1.73x 5.09x 3.41x
Day 3 - - 26.82x 16.55x 21.69x

IPO Tentative Timetable

The Homesfy Realty Limited IPO open date is Dec 21, 2022, and the close date is Dec 23, 2022. The issue may list on Jan 02, 2023.

IPO Open DateDec 21, 2022
IPO Close DateDec 23, 2022
Basis of Allotment DateDec 28, 2022
Initiation of RefundsDec 29, 2022
Credit of Shares to Demat AccountDec 30, 2022
IPO Listing DateJan 02, 2023

IPO Lot Size

The Homesfy Realty Limited IPO market lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹118200).

ApplicationLotsSharesAmount (Cut-off)
Minimum1600₹118200
Maximum1600₹118200

IPO Promoter Holding

Pre Issue Share Holding71.69%
Post Issue Share Holding52.80%

Company Financials:

For the year/period ended (₹ in Lakhs)

Financial Year Total Assets Total Revenue Profit After Tax
31-Mar-21 1224.23 1475.92 199.14
31-Mar-22 1718.99 3039.93 318.41
30-Jun-22 1948.61 1239.34 138.51

Objects of the Issue:

The objects of the Issue are:

1) Working Capital requirements of the Company.

2) To meet Issue Expenses.

3) General Corporate Purpose.

Homesfy Realty Limited IPO Registrar:

Bigshare Services Pvt Ltd

Homesfy Realty Limited IPO Lead Manager(s):

Sarthi Capital Advisors Private Limited

Company Contact Information:

Homesfy Realty Limited

1602, 16th Floor, Dev Corpora Near Cadbury Junction

Thane

Maharashtra