Home First Finance IPO vs IRFC IPO

Comparision between Home First Finance IPO and IRFC IPO.

IPO Details

Home First Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRFC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Home First Finance IPO	IRFC IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Credit Suisse Securities (India) Private Limited ICICI Securities Limited Kotak Mahindra Capital Company Limited	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Home First Finance IPO is up to ₹1,153.72 Cr whereas the issue size of the IRFC IPO is up to ₹4,633.38 Cr. The final issue price of Home First Finance IPO is ₹518.00 per share and of IRFC IPO is ₹26.00 per share.

	Home First Finance IPO	IRFC IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹517.00 per share	₹25.00 per share
Issue Price (Upper)	₹518.00 per share	₹26.00 per share
Issue Price (Final)	₹518.00 per share	₹26.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	575 shares
Fresh Issue Size		1,18,80,46,000 shares
Fresh Issue Size (Amount)	up to ₹265.00 Cr
OFS Issue Size		59,40,23,000 shares
OFS Issue Size (Amount)	up to ₹888.72 Cr
Issue Size Total		1,78,20,69,000 shares
Issue Size Total (Amount)	up to ₹1,153.72 Cr	up to ₹4,633.38 Cr

IPO Timetable

Home First Finance IPO opens on Jan 21, 2021, while IRFC IPO opens on Jan 18, 2021. The closing date of Home First Finance IPO and IRFC IPO is Jan 25, 2021, and Jan 20, 2021, respectively.

	Home First Finance IPO	IRFC IPO
Anchor Bid Date
Issue Open	Jan 21, 2021	Jan 18, 2021
Issue Close	Jan 25, 2021	Jan 20, 2021
Basis Of Allotment (Tentative)	Jan 29, 2021	Jan 25, 2021
Initiation of Refunds (Tentative)	Feb 01, 2021	Jan 27, 2021
Credit of Share (Tentative)	Feb 02, 2021	Jan 28, 2021
Listing date (Tentative)	Feb 03, 2021	Jan 29, 2021
Anchor Lockin End date 1	Feb 28, 2021	Feb 24, 2021
Anchor Lockin End date 2	Apr 29, 2021	Apr 25, 2021

Financials

Home First Finance IPO P/E ratio is , as compared to IRFC IPO P/E ratio of .

Home First Finance IPO

IRFC IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	37,221.96	34,796.11	24,820.05	13,649.42
Total Revenue	2,431.93	4,196.57	2,709.21	1,342.37
Profit After Tax	529.53	792.49	452.04	159.96

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	29,19,865.81	27,55,041.29	20,64,382.95	16,14,510.41
Total Revenue	73,848.29	1,34,210.90	1,09,873.55	92,078.39
Profit After Tax	18,868.41	31,920.96	21,399.33	20,014.60

Promoter Shareholding (Pre-Issue)

52.85%

100%

Promoter Shareholding (Post-Issue)

33.70%

86%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Home First Finance IPO retail investors (RII) are offered 78,10,475 shares while in IRFC IPO retail investors are offered 78,10,475 shares. Qualified institutional buyers (QIB) are offered 44,63,127 shares in Home First Finance IPO and 35,63,75,339 shares in IRFC IPO.

	Home First Finance IPO	IRFC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	44,63,127 shares	35,63,75,339 shares
NII	33,47,346 shares	26,72,81,504 shares
RII	78,10,475 shares	62,36,56,843 shares
Employee	0 shares	1,92,307 shares
Others
Total	1,56,20,948 shares	1,24,75,05,993 shares

Bids Received (Subscription)

Home First Finance IPO subscribed 26.66x in total, whereas IRFC IPO subscribed 3.49x.

	Home First Finance IPO	IRFC IPO
QIB (times)	52.53x	3.78x
NII (times)	39.00x	2.67x
Big NII (times)
Small NII (times)
RII (times)	6.59x	3.66x
Employee (times)		43.76x
Other (times)
Total (times)	26.66x	3.49x

Compare with others

Home First Finance IPO	IRFC IPO
MTAR Technologies IPO	Stove Kraft IPO
Heranba Industries IPO	Home First Finance IPO
Nureca limited IPO	Indigo Paints IPO
Brookfield India REIT	Antony Waste IPO
Stove Kraft IPO	Mrs. Bectors Food IPO
Indigo Paints IPO	Burger King IPO
Antony Waste IPO	RailTel IPO
Mrs. Bectors Food IPO	Gland Pharma IPO
IRFC IPO	Mazagon Dock IPO
Burger King IPO	Likhitha Infrastructure IPO

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