Homesfy Realty IPO
IPO Details
- Open Date 21-Dec-23
- Close Date 23-Dec-23
- Lot Size 600
- IPO Size ₹ 15.86 Cr
- IPO Price Range ₹ 197
- Min Investment -
- Listing Exchange -
- Basis of Allotment TBA
- Refunds TBA
- Credit to Demat Account TBA
- Listing Date TBA
Homesfy Realty IPO Subscription Status
| Date | NII | Retail | TOTAL |
|---|---|---|---|
| 21-Dec-22 | 0.82x | 1.85x | 1.34x |
| 22-Dec-22 | 1.73x | 5.09x | 3.41x |
| 23-Dec-22 | 26.82x | 16.55x | 21.69x |
IPO Synopsis
Homesfy Realty IPO opens on Dec 21, 2022, and closes on Dec 23, 2022. The issue worth Rs. 15.86 crores comprise of fresh issue of 805,200 equity shares. The company has set the price at Rs. 197 per share and the lot size is fixed at 600 shares per lot. The issue will be listed on NSE SME on 2nd January while the shares will be allotted on 28th December. Sarthi Capital Advisors Pvt. Ltd is the lead manager for the IPO.
Objective of the issue for Homesfy Realty Limited IPO
The net proceeds from the issue will be utilised towards:
• Working Capital requirements of the Company
• To meet Issue Expenses
• General Corporate Purpose
About Homesfy Realty
Homesfy Realty is engaged in providing real estate broking services to Real Estate Developers, retail buyers/sellers and investors for residential and commercial space. It deals in new constructed properties, whereby it assists the Real Estate Developers in selling and potential customers in purchasing the properties. It operates its business through direct selling from its in-house sales team and Direct Selling Agent listed on mymagnet platform for referral services.
It has established and currently maintain a network of 7 offices located in 4 cities, Mumbai, Pune, Noida and Bangalore, which primarily engage in sales, marketing and payment collection activities.
It is growing in the industry as they sold properties worth 1650+ Cr (GMV) in FY 2021–22 alone. 10,000+ families have bought real estate properties via Homesfy. The company runs its brokerage business with the brand name Homesfy partnered with the mymagnet platform. It has an offline and online presence for real estate broking-related services.
Homesfy Realty Financial Status
Profit and Loss
Balance Sheet
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Revenue from operations | 30.3 | 14.7 | 11.9 |
| EBITDA | 4.6 | 2.7 | 1.4 |
| PAT | 3.2 | 2.0 | 0.9 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Total Assets | 17.2 | 12.2 | 7.9 |
| Share Capital | 0.1 | 0.1 | 0.1 |
| Total Borrowings | 0.2 | 0.0 | 0.0 |
| Particulars (in Rs. Crores) | FY22 | FY21 | FY20 |
|---|---|---|---|
| Net cash generated from / (used in) operating activities | 1.4 | 0.2 | 0.0 |
| Net cash from / (used in) investing activities | -0.2 | 0.0 | 0.0 |
| Net cash flow from / (used in) financing activities | 0.2 | 0.0 | 0.0 |
| Net increase (decrease) in cash and cash equivalents | 1.4 | 0.1 | 0.0 |
Peer Comparison
IPO Key Points
-
Strengths
• The company have long-standing relationships with the largest Developers in India
• Efficient Transaction Process
• Service Quality
• The company has established a wide network of offices to support and augment its sales and client management
• Growth through a combination of acquisitions and organic growth
-
Risks
• Inability to successfully implement its business strategy
• Failure, defects, delays and other problems involving the technology systems and infrastructure
• Changes in government policies and regulatory actions
• Performance of the financial markets in India and globally
How to apply for IPO?
-
Login to your 5paisa account and select the issue in the
current IPO section -
Enter the number of lots and price at which you wish to
apply for -
Enter your UPI ID and click on submit. With this, your
bid will be placed with the exchange -
You will receive a mandate notification to block funds in
your UPI app -
Approve the mandate request on your UPI and funds
will be blocked
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IPO FAQs
What is the price band of the Homesfy Realty IPO?
The price band of the Homesfy Realty IPO is set at Rs. 197 per share.
When does the Homesfy Realty IPO issue open and close?
The Homesfy Realty IPO opens on 21st December, and the closes on 23rd December.
What is the size of Homesfy Realty IPO issue?
The Homesfy Realty IPO comprise of fresh issue of 805,200 equity shares aggregating to Rs. 15.86 crores.
What is the allotment date of Homesfy Realty IPO?
The Homesfy Realty IPO allotment date is set for 28th December
What is the Homesfy Realty IPO’s listing date?
The Homesfy Realty IPO’s issue will be listed on 2nd January.
What is the lot size and investment required for the Homesfy Realty IPO?
The Homesfy Realty IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹118,200).
What is the objective of the issue?
The net proceeds from the issue will be used for:
• Working Capital requirements of the Company
• To meet Issue Expenses
• General Corporate Purpose
How to apply for the Homesfy Realty IPO?
To apply for the IPO, follow the steps given below
• Login to your 5paisa account and select the issue in the current IPO section
• Enter the number of lots and price at which you wish to apply for
• Enter your UPI ID and click on submit. With this, your bid will be placed with the exchange
• You will receive a mandate notification to block funds in your UPI app
Who are the promoters/key personnels of Homesfy Realty?
Homesfy Realty is promoted by Mr. Ashish Kukreja.
Who are the book runners for Homesfy Realty IPO?
Sarthi Capital Advisors Pvt. Ltd is the book running lead managers to the issue.
Contact Details of Homesfy Realty IPO
Contact Information
Homesfy Realty Limited
1602, 16th Floor,
Dev Corpora Near Cadbury Junction,
Thane-400601, Maharashtra
Phone: +91 22 4971 0264
Email: cs@homesfy.in
Website: https://www.homesfy.in/
Homesfy Realty IPO Register
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com
Homesfy Realty IPO Lead Manager
Sarthi Capital Advisors Private Limited