The young property technology firm, Homesfy Realty is 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 (IPO) 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 a fixed price of Rs 197.00 per share. Retail Investors can apply for a minimum and maximum of 600 shares (1 Lot) amounting to Rs 1,18,200.00 & HNI Investors can apply for a minimum of 1200 shares (2 Lots) amounting to Rs 2,36,400.00. The shares of the company will be listed on the 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 and ATMS & CO LLP are the advisors on the issue.
“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. For the year ended March 31, 2022, the company reported a net profit of Rs 3.18 Crores with total revenue of Rs 30.31 Crores. It reported a profit of Rs 1.39 Crores with total revenue of Rs 12.39 Cores till June 30, 2022.