IPO - Initial Public Offers - Repco Home Finance Ltd IPO - Mar 15, 2013 in IPO's & MF's - ...
03-11-2013 04:13 PM
Repco Home Finance Ltd IPO - Mar 15, 2013
Issue Price: Rs. 165 - Rs. 172 Per Equity Share
»» Issue Open: Mar 13, 2013 - Mar 15, 2013
»» Issue Type: 100% Book Built Issue IPO
»» Issue Size: 15,720,262 Equity Shares of Rs. 10
»» Issue Size: Rs. 259.38 - 270.39 Crore
»» Face Value: Rs. 10 Per Equity Share
»» Market Lot: 75 Shares
»» Minimum Order Quantity: 75 Shares
»» Listing At: BSE, NSE
Incorporated in 2000, Repco Home Finance Ltd (RHFL) is mainly engaged in the business of housing finance. RHFL products include dream home loans, home makeover loans, mortgage loans, plot loans, commercial construction loans, NRI housing loans and loans for fifty-plus individuals.
RHFL is operating through 73 branches and 19 satellite centres in Tamil Nadu, Andhra Pradesh, Kerala, Karnataka, Maharashtra, Odisha, West Bengal, Gujarat and the
Union Territory of Puducherry. They are registered as a housing finance company with the NHB, the housing finance regulator of India. Company is headquartered in Chennai, Tamil Nadu and promoted by The Repatriates Co-operative Finance and Development Bank Limited ("Repco Bank Limited"), a Government of India owned enterprise, in April 2000.
They are in the business of financing:
1. The construction and/or purchase of residential and commercial properties including repairs and renovations ("Individual Home Loans"); and
2. Loans against properties ("Loans Against Property").
The promoter of theCompany is The Repatriates Co-operative Finance and Development Bank Limited.
Objects of the Issue:
Company intends to utilise the proceeds from the Issue, after deduction of the Issue related expenses (the "Net Proceeds") towards augmentation of their capital base to meet their future capital requirements arising out of growth in their business.
ICRA has assigned an IPO Grade 3 to Repco Home Finance Ltd IPO. This means as per ICRA, company has 'Average Fundamentals'. ICRA assigns IPO grading on a scale of 5 to 1, with Grade 5 indicating strong fundamentals and Grade 1 indicating poor fundamentals.
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