Incorporated in 2011, Homesfy Realty Limited is Proptech engaged in providing real estate broking services to Real Estate Developers, retail buyers/sellers and investors for residential properties.
The company runs its brokerage business in the name of Homesfy and is well-partnered with the mymagnet.io co-broking platform.
Homesfy Realty Limited has established and currently maintains a network of 7 offices located in 4 cities, Mumbai, Pune, Noida and Bangalore, which primarily engage in sales, marketing and payment collection activities for the business.
Homesfy brokerage business is a combination of both offline and online presence and provides real estate broking-related services through the website http://www.homesfy.in/, prospect calling, and digital advertisement platform.
The company operating model is backed by strong expertise in Digital Marketing and Operational efficiency backed by process-driven expertise, technology and automation. As of October 2022, 245 out of 380 employees were in the sales department.
Strengths:
- The company have highly experienced and stable management
- The company have long-standing relationships with the largest Developers in India
- Efficient Transaction Process
- Service Quality
- The company have a well-qualified and highly motivated workforce
- The company have established a wide network of offices to support and augment our sales and client management
- The company have the technological expertise for the improvement and development of a product portfolio
- Growth through a combination of acquisitions and organic growth
- Visit for an extensive set of information about the company: https://www.homesfy.in/investor_corner
Company Financials
| Period Ended | Total Assets | Total Revenue | Profit After Tax | Net Worth | Total Borrowing |
|---|---|---|---|---|---|
| 31-Mar-20 | 793.63 | 1193.1 | 91.35 | 427.89 | 0 |
| 31-Mar-21 | 1224.23 | 1475.92 | 199.14 | 627.04 | 0 |
| 31-Mar-22 | 1718.99 | 3039.93 | 318.41 | 945.45 | 22.32 |
| 30-Jun-22 | 1948.61 | 1239.34 | 138.51 | 1083.96 | 21.36 |
| Amount in ₹ Lakhs |
Objects of the Issue
The objects of the Issue are:
1) Working Capital requirements of the Company.
2) To meet Issue Expenses.
3) General Corporate Purpose.
Homesfy Realty IPO Details
| IPO Date | Dec 21, 2022 to Dec 23, 2022 |
| Listing Date | [.] |
| Face Value | ₹10 per share |
| Price | ₹197 per share |
| Lot Size | 600 Shares |
| Issue Size | 805,200 shares of ₹10 (aggregating up to ₹15.86 Cr) |
| Fresh Issue | 805,200 shares of ₹10 (aggregating up to ₹15.86 Cr) |
| Issue Type | Fixed Price Issue IPO |
| Listing At | NSE SME |
| NII (HNI) Shares Offered | 50% of the net offer |
| Retail Shares Offered | 50% of the net offer |
| Market Maker | RIKHAV SECURITIES LIMITED |
| Company Promoters | Mr. Ashish Kukreja is the company promoter. |
Homesfy Realty IPO Tentative Timetable
Homesfy Realty IPO opens on Dec 21, 2022, and closes on Dec 23, 2022. The Homesfy Realty IPO bid date is from Dec 21, 2022 10.00 A.M. to Dec 23, 2022 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 5 PM on the issue closing day.
| Event | Tentative Date |
|---|---|
| Opening Date | Dec 21, 2022 |
| Closing Date | Dec 23, 2022 |
| Basis of Allotment | Dec 28, 2022 |
| Initiation of Refunds | Dec 29, 2022 |
| Credit of Shares to Demat | Dec 30, 2022 |
| Listing Date | Jan 2, 2023 |
Homesfy Realty IPO Lot Size
The Homesfy Realty IPO lot size is 600 shares. A retail-individual investor can apply for up to 1 lots (600 shares or ₹118,200).
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 600 | ₹118,200 |
| Retail (Max) | 1 | 600 | ₹118,200 |
| HNI (Min) | 2 | 1,200 | ₹236,400 |
Homesfy Realty IPO Promoter Holding
| Pre Issue Share Holding | 71.69% |
| Post Issue Share Holding | 52.80% |
Homesfy Realty IPO Review
The company is in an asset-light model business of marketing and advisory services for the realty sector. It is not doing any construction activity. Post-IPO small equity base indicates longer gestation for migration to the mainboard. Based on its current financials, the issue appears reasonably priced, and well-informed / cash surplus investors may consider investing in this IPO for a long-term reward. (Apply). Read detail review…
Homesfy Realty IPO Prospectus
Company Contact Information
Homesfy Realty Limited
1602, 16th Floor,
Dev Corpora Near Cadbury Junction,
Thane-400601, Maharashtra
Phone: +91 22 4971 0264
Email: cs@homesfy.in
Website: https://www.homesfy.in/
Homesfy Realty IPO Registrar
Bigshare Services Pvt Ltd
Phone: +91-22-6263 8200
Email: ipo@bigshareonline.com
Website: http://www.bigshareonline.com