SRG Housing Finance Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| NII (HNI) | — | 1,296,000 (43%) | — | ₹259 Cr |
| Retail | — | 1,302,000 (43%) | — | ₹260 Cr |
| Market Maker | — | 408,000 (14%) | — | ₹82 Cr |
| Σ Total | — | 3,006,000 (100%) | — | ₹6,012 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 6,000 | ₹120,000 |
| Retail (Max) | 13 | 78,000 | ₹1,560,000 |
| S-HNI (Min) | 14 | 84,000 | ₹1,680,000 |
| B-HNI (Min) | 67 | 402,000 | ₹8,040,000 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 To augment our capital base and provide for our fund requirements for increasing our operational scale with respect to our disbursement of housing and related loans activities. – 6.35
- 2 To Meet the Issue Expenses – 0.66
Company Overview
Incorporated in 1999, SRG Housing Finance Ltd is engaged in the business of providing housing finance for home ownership, by offering:
1. Individual Home Loans and
2. Loans against Property
SRG Housing Finance is headquartered in Udaipur, Rajasthan. They have 1 Head office and 3 satellite centers located in Rajasthan. They are targeting to open another 10 satellite centers which are to be located in tier 2 cities, tier 3 cities, District and Tehsil head quarters and at the peripheries of tier 1 cities.
They intend to grow their loan book, income and profits through Increasing Net Owned Funds, Expanding Network and Connectivity, Maintaining strong asset quality through disciplined risk management, Reducing funding costs and Optimizing cost of operations amongst others.