All you need to know about Homesfy Realty’s SME IPO

MUMBAI: 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. Joining the bandwagon here, property technology firm Homesfy Realty is opening its IPO for subscription on December 21. The company is aiming to raise Rs. 15.86 crore through its initial stake sale.

The IPO of 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 Rs 197.00 per share. Retail investors can apply for a minimum & maximum of 600 shares (1 Lot) amounting to Rs 1,18,200.00 & HNI investors can apply for a minimum 1200 shares (2 Lots) amounting to Rs 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 and ATMS & CO LLP are the advisors to 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.

With over 400+ team members spread across Mumbai, Pune, Delhi NCR, and Bengaluru, the firm partners with builders in the country to facilitate their real estate sales. Founded a decade ago, Homesfy has been the 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 Rs 3.18 crore with its total revenue of Rs 30.31 crore. It reported a profit of Rs 1.39 crore with total revenue of Rs 12.39 crore till June 30, 2022.

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