February 10, 2024

India Shelter releases maiden result post IPO, registers strong AUM growth of 42%

The Times of India
India Shelter Finance Corporation Limited (ISFC) reported impressive first financial results for FY2024, reflecting robust performance after its successful IPO. The company's board approved unaudited results for the quarter and nine months ending December 31, 2023.
MD and CEO Rupinder Singh praised investors for supporting the IPO, which raised Rs 1,200 crore (including Rs 800 crore in primary capital). He highlighted the strong Q3 performance, with a 42%YoY jump in Assets Under Management (AUM) driven by a36% YoY increase in disbursements. Singh attributed the growth to ISFC's unique strategy of providing financing to self-employed individuals with smaller loan amounts. "Our focus will be to continue to follow a balanced approach to growth and focus on asset quality & profitability," Singh said.
ISFC's retail-focused model specializes in affordable housing finance. Combining a robust distribution network with scalable technology infrastructure, the company effectively navigates market dynamics, positioning itself for continued success.