Homesfy Realty IPO GMP, Price, Dates & Allotment Details 2022
Homesfy Realty IPO opens on December 21 and closes on December 23, 2022. According to the DRHP filed in SEBI, the company is planning to raise about ₹15.86 crore through this public issue.
It was incorporated on May 6, 2011, with its headquarters in Thane, Maharashtra. The company is engaged in providing real estate broking services to real estate developers, retail buyers and sellers, and investors for residential and commercial space.
Homesfy Realty Ltd. deals in newly constructed properties and plotting projects, whereby he assists the real estate developers in selling and potential customers in purchasing the properties. The company operates its own business through direct selling from its in-house sales team and Direct Selling Agent listed on mymagnet platform for referral services.
Company brokerage is a combination of both offline and online presence, allowing agents on company platforms to effectively hone deeper market expertise, generate leads, and win trust from customers.
In order to better serve their customers, they have developed and are currently maintaining a network of 7 offices spread across Mumbai, Pune, Noida, and Bangalore. These offices primarily handle sales, marketing, and payment collecting for the company. Currently, the company generates 80.00% of its revenue via direct selling and the remaining 20.00% via the MyMagnet platform.
Objects of the Issue
The company proposes to utilise the Net Proceeds of the Fresh Issue towards funding the following objects:
- Working Capital requirements of the Company.
- To meet Issue Expenses.
- General Corporate Purpose.
Financial Highlights (Restated)
| Particulars | Period ended on 30th June 2022 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Net Worth | 1083.96 | 945.45 | 627.04 | 427.89 |
| Total Assets | 1948.61 | 1718.99 | 1224.23 | 793.63 |
| Total Revenue | 1239.34 | 3039.93 | 1475.93 | 1193.10 |
| Profit After Tax | 138.51 | 318.41 | 199.14 | 91.35 |
| Total Borrowing | 21.36 | 22.32 | 0 | 0 |
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Homesfy Realty IPO – Details
According to the DRHP filed in SEBI, the company is planning to raise about ₹ 15.86 crore through this public issue.
| Issue Type | Fixed Price Issue IPO |
| IPO Price | ₹ 197 per share |
| Face Value | ₹ 10 per share |
| Market Lot | 600 shares |
| Issue Size | 805,200 shares of ₹ 10 (Aggregating up to ₹ 15.86 Crore) |
| Fresh Issue | 805,200 shares of ₹ 10 (Aggregating up to ₹ 15.86 Crore) |
| NII (HNI) Shares Offered | 50% of the Net Offer |
| Retails Shares Offered | 50% of the Net Offer |
| Listing At | NSE SME |
| Promoters | Mr. Ashish Kukreja |
GMP – Homesfy Realty IPO
Homesfy Realty IPO GMP or Grey Market Premium are available here. The IPO GMP Premium updated day by day for IPOs running period and the GMP rates fluctuate and became stable some time later. The GMP rates are not 100% guaranteed. Please click here for GMP details.
Tentative Dates – Homesfy Realty IPO
Homesfy Realty IPO opens on December 21 and closes on December 23, 2022.
| Opening Date | December 21, 2022 |
| Closing Date | December 23, 2022 |
| Basis of Allotment | December 28, 2022 |
| Initiation of Refunds | December 29, 2022 |
| Credit of shares to Demat A/c | December 30, 2022 |
| Listing Date | January 2, 2023 |
Lot Size – Homesfy Realty IPO
The Homesfy Realty IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lot i.e. 600 shares of ₹ 118,200.
| Applications | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Minimum) | 1 | 600 | ₹ 118,200 |
| Retail (Maximum) | 1 | 600 | ₹ 118,200 |
| HNI (Minimum) | 2 | 1,200 | ₹ 236,400 |
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Promoters Holdings – Homesfy Realty IPO
| Pre-issue Shares Holdings | 71.69% |
| Post-issue Shares Holdings | 52.80% |
SWOT Analysis – Homesfy Realty IPO
| STRENGTHS | WEAKNESSES |
|---|---|
| 1. Company has long-standing relationships with the largest Developers in India. 2. Efficient Transaction Process Service. 3. Quality Well-qualified and a highly motivated workforce | 1. Dependency on Real Estate Developers and Real Estate Brokers to provide company services to customers. 2. Outstanding legal proceedings against the company, its promoters and directors, Group companies and subsidiaries. 3. The demand for real estate assets is subject to seasonal fluctuations in property values. |
| OPPORTUNITIES | THREATS |
| 1. Economic growth and a rapidly growing urban population is expected to increase the demand for residential and commercial buildings brokers, during the forecast period. 2. The increasing number of rural residents migrating into cities is resulting in increasing demand for access to affordable housing and commercial spaces. This provides a significant opportunity for real estate service providers to improve housing, retail and other commercial services. 3. The real estate agency and brokerage market is expected to reach $1,912.99 billion in 2026 at a CAGR of 9.2%. | 1. Significant competition from Indian companies and local brokers. 2. Disruptions in company information technology systems or breaches of data security. 3. Change in technology. |
Miscellaneous Information
| Download Prospectus (PDF) | IPO DRHP IPO RHP |
| Company Contact Information | Homesfy Realty Limited 1602, 16th Floor, Dev Corpora Near Cadbury Junction, Thane-400601, Maharashtra Phone: +91 22 4971 0264 Email: [email protected] Website: https://www.homesfy.in/ |
| IPO Registrar | Bigshare Services Pvt Ltd Phone: +91-22-6263 8200 Email: [email protected] Website: http://www.bigshareonline.com |
| IPO Lead Manager(s) | Sarthi Capital Advisors Private Limited |
FAQ’s
What will be the Homesfy Realty IPO lot size?
One lot of Homesfy Realty IPO contains 600 shares of ₹ 118,200.
What minimum lot size can retail investors subscribe to?
The minimum investment size is one lot for retail investors.
When will Homesfy Realty IPO allotment be available?
The finalization of Basis of Allotment for Homesfy Realty IPO will be done on December 28, 2022, and the allotted shares will be credited to your demat account by December 30, 2022. Check the Homesfy Realty IPO allotment status.
How to check the allotment status of Homesfy Realty IPO?
Customers need to log in to their accounts to check Homesfy Realty IPO allotment status.
When checking the allotment status, keep your application, DP ID, and PAN number ready.
When will Homesfy Realty IPO list on exchanges?
The Homesfy Realty IPO shares listing date is January 2, 2023.
How many shares in Homesfy Realty IPO Offer are reserved for HNIs and retail investors?
The investors’ portion for NII (HNI) – 50%, and Retail – 50%.
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