SME IPO Corner: Homesfy Realty Ltd.

Property technology firm Homesfy Realty SME IPO opens for subscription today. Mumbai-based tech-led property brokerage firm, Homesfy Realty is selling 8,05,200 equity shares of face value ₹ 10.00 each at a price of ₹ 197.00 a piece. The issue is open for Retail & HNI subscription from December 21, 2022 till December 23, 2022.

• Issue Opens on: Wednesday, December 21, 2022
• Issue Closes on: Friday, December 23, 2022
• Price Band: ₹ 197 per Equity Share
• Face Value: Rs 10 per equity share
• Minimum Bid: 150 Equity Shares and in multiples

With more than 600 listings on BSE & NSE SME exchanges and the notable success of many SME IPO, investors have started showing interest in this new category of SME IPOs. A wave of fresh air comes for the realty sector with a young property technology firm, Homesfy Realty opening its IPO for subscription on December 21. The company is aiming to raise Rs. 15.86 Crores through its initial stake sale.

The initial public offering of Homesfy.in will begin on Wednesday, December 21, 2022 and end on December 23, 2022. It will offer 8,05,200 Equity shares with the fixed price of ₹ 197.00 per share. Retail Investors can apply for a minimum & maximum of 600 shares (1 Lot) amounting to ₹ 1,18,200.00 & HNI Investors can apply for a minimum 1200 shares (2 Lots) amounting to ₹ 2,36,400.00. The shares of the company will be listed on NSE Emerge Platform.

Recently, marquee investors led by Girish Gulati and others have picked up stakes in the company. The proceeds from the proposed offering will be used by the company for its Working capital requirements, General corporate purpose, and organic growth, the firm said in a statement. Sarthi Capital Advisors Pvt. Ltd. are the lead managers.

“We are a mid-sized company which now aspires to take the next orbit of growth as we always believed that we have the potential to become a well-run property advisory institution. Hence the opportunity to get listed on NSE Emerge is a big step in that direction.” said Ashish Kukreja, Founder & CEO of Homesfy Realty Ltd.

Homesfy.in is one of the fastest-growing companies in this full-fledged, organized real estate industry. With over 400+ motivated team members spread across Mumbai, Pune, Delhi NCR, and Bengaluru, the firm partners with all reputed builders in the country to facilitate their real estate sales. Founded a decade ago, Homesfy has been the preferred channel partner for builders and developers like Lodha, Godrej, Prestige, Dosti, Runwal, Hiranandani, Piramal, Raymond, Mahindra to name a few.

In the last FY, Homesfy has collaborated with more than 106 developers. For the year ended March 31, 2022, the company reported a net profit of ₹ 3.18 Crores with its total revenue of ₹ 30.31 Crores. It reported a profit of ₹ 1.39 Crores with total revenue of ₹ 12.39 Cores till June 30, 2022.