Repco Home Finance IPO
Repco Home Finance IPO — date, price band, lot size & details 2013
Repco Home Finance listed on 1 Apr 2013 at ₹159.95, 7% below the ₹172 issue price.
Repco Home Finance is a housing finance company offering home, plot, mortgage and commercial construction loans, mainly in South India. Its total income was Rs 318.89 crore in FY2012.
Stock price
Repco Home Finance is listed — here is the live share price.
Researched & reviewed by
Abhishek Vohera,
Founder, IPO Guru
Last updated
Figures sourced from the RHP, BSE & NSE
Timetable
Key dates from opening to listing. Today is 15 November.
- Open 13 Mar 2013
- Close 15 Mar 2013
- Allotment 22 Mar 2013
- Refund/credit TBA
- Listing 01 Apr 2013
Issue summary
The terms of the offer, as filed.
| IPO Dates | 13 to 15 Mar, 2013 |
|---|---|
| Price Band | ₹165 – ₹172 |
| Face Value | ₹10 |
| Lot Size | 75 Shares |
| Issue Size | ₹270.23 Cr |
| Sale Type | Fresh capital only |
| Listing On | BSE, NSE |
| Employee Discount | Rs 16.00 per share |
| Registrar | KFin Technologies Limited |
| Min Investment | ₹ 12,900 |
Share of the offer set aside for each investor category, as stated in the offer document.
What will it cost me?
Bidding is in multiples of 75 shares at the ₹172 cut-off. Drag to size your application.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (min) | 1 | 75 | ₹12,900 |
| Retail (max) | 15 | 1,125 | ₹1,93,500 |
| S-HNI (min) | 16 | 1,200 | ₹2,06,400 |
| S-HNI (max) | 77 | 5,775 | ₹9,93,300 |
| B-HNI (min) | 78 | 5,850 | ₹10,06,200 |
Strengths & risks
Drawn from the offer document — the case for and against, side by side.
Strengths · 4
- 01Total income rose from Rs 164.23 crore in FY2010 to Rs 318.89 crore in FY2012.
- 02Profit after tax rose from Rs 43.97 crore in FY2010 to Rs 67.56 crore in FY2012.
- 03Total assets grew from Rs 1,482.79 crore in FY2010 to Rs 3,149.05 crore on 30 September 2012.
- 04It had 73 branches and 19 satellite centres across 9 states and union territories.
Risks · 5
- 01Total borrowing rose from Rs 1,069.65 crore in FY2010 to Rs 2,275.08 crore on 30 September 2012.
- 02Most of its branches are in South India, so its loan book is regionally concentrated; net worth was Rs 338.88 crore.
- 03Housing loans carry credit risk if property prices or borrower incomes fall; profit was Rs 35.61 crore in six months to September 2012.
- 04Housing finance companies face interest rate and funding cost risk on borrowing of Rs 2,275.08 crore.
- 05The promoter held 50.02% before the issue and 37.37% after it.
Three years of numbers
All figures in ₹ crore, as reported in the Repco Home Finance offer document.
| Metric | 30 Sep 2012 | 31 Mar 2012 | 31 Mar 2011 | 31 Mar 2010 |
|---|---|---|---|---|
| Assets | 3,149.05 | 2,850.79 | 2,097.28 | 1,482.79 |
| Total Income | 188.84 | 318.89 | 225.95 | 164.23 |
| Profit After Tax | 35.61 | 67.56 | 56.60 | 43.97 |
| NET Worth | 338.88 | 303.26 | 241.64 | 190.43 |
| Reserves and Surplus | 292.44 | 256.82 | 195.20 | 143.99 |
| Total Borrowing | 2,275.08 | 2,010.73 | 1,549.45 | 1,069.65 |
See how this IPO compares — view listing performance of all mainboard IPOs.
Valuation & key ratios
Ratios are for the latest full financial year reported in the Repco Home Finance RHP.
Where the money goes
₹259.24 Cr of the issue is earmarked to named objects.
Repco Home Finance IPO Anchor Investors
12 anchor investors across 8 fund houses committed ₹40.09 Cr a day before the issue opened.
Anchor investors bid a day before the issue opens and are locked in after allotment, so a book weighted towards domestic mutual funds is generally read as a stronger signal than one filled by short-horizon funds. Browse every anchor investor scheme or fund house we track.
About the company
Its products include home loans, home makeover loans, mortgage loans, plot loans, commercial construction loans, NRI housing loans and loans for people over fifty.
It operated through 73 branches and 19 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat and Puducherry.
The IPO was Rs 270.23 crore and was entirely fresh issue at Rs 172, the top of the Rs 165 to Rs 172 band. The money was to meet future capital requirements.
Interested in this IPO? Check the live subscription status or browse all upcoming mainboard IPOs.
The bankers & the filings
Who is running the book, and the documents this page is built from.
Repco Home Finance IPO Documents
Read the filings this page is built from.
Lead Manager Track Record
How the book-running lead managers on this issue have priced their past IPOs, measured on listing day.
JM Financial Ltd.
172 issues handledBest listing: Tata Technologies (+140.0%). Weakest: ACME Solar Holdings (-13.1%).
SBI Capital Markets Ltd.
142 issues handledBest listing: Bajaj Housing Finance (+114.3%). Weakest: ICICI Securities (-16.3%).
Dam Capital Advisors Ltd
70 issues handledBest listing: Go Colors (+89.9%). Weakest: Metro Brands (-12.6%).
Listing gain compares the listing-day opening price with the issue price, using the IPOs on IPO Guru that this lead manager has taken to market. A strong record reflects how the banker has priced past issues — it is not a forecast for this one. See every issue they have handled on the lead managers page.
Company contact
Frequently asked
What is the GMP of Repco Home Finance?
The current Grey Market Premium is ₹0.
What is the Repco Home Finance IPO price band?
₹165 to ₹172, on a face value of ₹10.
When is the allotment?
The basis of allotment is 22 March 2013, with listing on 1 April 2013.
How do I check allotment status?
On the IPO Guru allotment page or on the registrar's site — KFin Technologies Limited.
Every number here traces back to a filing.
IPO Guru tracks GMP, subscription and allotment for every Mainboard and SME issue. Every number on this page is sourced from the RHP, BSE & NSE.
Not investment advice. Grey market premium is an unofficial, unregulated indicator and is not a forecast.
