Homesfy Realty IPO will open for subscription from 21 December 2022. the company aims for an issue size of ₹15.86 Cr through this IPO.
About Company
The company provides real estate broking services to Real Estate Developers, retail buyers/sellers, and investors for residential and commercial space. It deals in newly constructed properties, whereby it assists Real Estate Developers in selling and potential customers in purchasing the properties. Homesfy operates its business through direct selling from its in-house sales team and Direct Selling Agent listed on mymagnet platform for referral services.
The company runs its brokerage business in name of Homesfy and is well-partnered with mymagnet platform. Currently, it generates 80% of its revenue via direct selling and the remaining 20.00% via mymagnet platform. Homesfy has a network of 7 offices located in 4 cities, Mumbai, Pune, Noida, and Bangalore, which primarily engage in sales, marketing, and payment collection activities for its business.
Basic details about the company
| Full name | Homesfy Realty Limited |
| Sector | Real Estate |
| Industry | Realty |
| Company Website | https://www.homesfy.in/ |
The objective of the Issue
- For Working Capital requirements of the Company.
- To meet Issue Expenses.
- General Corporate Purpose.
Major Competitive strengths
- highly experienced and stable management team.
- The company has established a wide network of offices to support and augment our sales and client management.
- long-standing relationships with the largest Developers in India.
- Service Quality.
IPO Timetable
| IPO Opening date | 21 December 2022 |
| IPO Closing | 23 December 2022 |
| Basis of Allotment | 28 December 2022 |
| Initiation Refund | 29 December 2022 |
| Credit to Demat Account | 30 December 2022 |
| Listing Date | 02 January 2023 |
IPO details
| Issue type | Fixed Price Issue IPO |
| IPO issue size | ₹15.86 Cr – 805,200 shares |
| Fresh Issue | ₹15.86 Cr – 805,200 shares |
| Offer for sale | Nil |
| Face value | ₹10 per share |
| Offer price | ₹197 per share |
| Lot size | 600 Shares |
| Retail Allocation | 50% |
| Listing Exchange | NSE SME |
IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹118,200 |
| Retail (Max) | 1 | 600 | ₹118,200 |
| HNI (Min) | 2 | 1,200 | ₹236,400 |
Reservation Details
| NII (HNI) Shares Offered | 50% |
| Retail Shares Offered | 50% |
Financial Performance
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| Revenue | 11.90 | 14.73 | 30.31 | 12.39 |
| Expenses | 10.64 | 12.09 | 25.90 | 10.53 |
| Net income | 0.91 | 1.99 | 3.18 | 1.39 |
Valuations & Margins
| FY 2020 | FY 2021 | FY 2022 | Q1 FY 2023 | |
| EPS | 182.69 | 398.29 | 636.82 | 277.02 |
| PE ratio | – | – | 0.31 | – |
| RONW (%) | 20.93 | 31.33 | 33.37 | 12.68 |
| NAV | – | – | 1,908.17 | 2,185.18 |
| ROCE (%) | 30.12 | 42.20 | 46.18 | 17.25 |
| EBITDA Margin (%) | 11.49 | 18.46 | 14.97 | 15.72 |
Company Promoters
- Mr. Ashish Premprakash Kukreja
Promoter Holding
| Pre Issue Share Holding | 71.69% |
| Post Issue Share Holding | 52.80% |
Lead Manager(s)
- Sarthi Capital Advisors Private Limited
IPO Registrar
BIGSHARE SERVICES PRIVATE LIMITED
Office No. S6-2, 6th Floor,
Pinnacle Business Park,
Next to Ahura Centre, Mahakali
Caves Road, Andheri East,
Mumbai – 400 093, Maharashtra
Telephone: +91 22 6263 8200
Email: ipo@bigshareonline.com
Website: www.bigshareonline.com
Contact Details
HOMESFY REALTY LIMITED
1602, 16th Floor, Dev Corpora Near
Cadbury Junction, Thane-400601,
Maharashtra
Phone: +91 22 4971 0264
E-mail: cs@homesfy.in
Website: www.homesfy.in
Allotment Status
Homesfy Realty IPO allotment status will be available on Bigshare Services’ website. Click on Bigshare Services weblink to get allotment status.
Final thoughts
Homesfy Realty IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post will give you enough details to make a fundamental study of the company. learn well and make wise decisions.
Happy Investing
