Property Technology Firm Homesfy Realty SME IPO Opens for Subscription
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 (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 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.
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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.
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