India Shelter Finance Corporation Limited IPO Detail

Incorporated in 1998, India Shelter Finance Corporation Limited is engaged in the business of housing finance. The company provides loans for house construction, extension, renovation, and purchase of new homes or plots. The company also offers loans against property (LAP).

The company offers loan amounts between Rs. 5 Lakhs to Rs. 50 Lakhs for a tenure of up to 20 years. As of 30th Nov 2023, IndiaShelter has disbursed over Rs. 5500 Crores in loans, helping families own, extend, or improve their homes.

The company has a network of 183 branches spread across 15 states with a presence in Rajasthan, Maharashtra, Madhya Pradesh, Karnataka, and Gujarat. The company's number of branches increased from 115 as of March 31, 2021, to 130 as of March 31, 2022, and 183 as of March 31, 2023.

India Shelter Finance Corporation Limited has an in-house team of over 300 collection officers, as of March 31, 2023.

To enhance customer satisfaction, India Shelter has launched iServe - a dedicated customer service application catering to queries and concerns of existing customers online on time.
As of March 31, 2023, of the company borrowers, 97.5% had one or more borrowers as women and 71.3% of our customers were first-time home loan takers.

The core strengths of the company are as follows:-
• One of the fastest-growing housing finance companies in India, with a granular, retail-focused portfolio that generates high yields.
• The company's distribution network is both physical and digital and is spread across various cities, including Tier II and Tier III cities.
• The company utilizes an in-house origination model to ensure efficient and seamless operations across various key functions.