Home First Finance Company India Ltd. IPO Message Board (Page 22)

Gray market premium of HFFC IPO

I need correct advise
Is there any chance that home finance IPO on listing give us loss as there is budget and many other factor

Yes there is a 50:50 possibility that it may list at discount , given its high valuations and dull demand , people comparing it with Aavas finance must know that Aavas was available at 800 odd levels for a very long time and is having much better credit growth With net interest margins for Home First Finance is at 4.8% compared with Aavas Financiers is sharply higher at 6.8% for H1FY21 also on npa from Aavas is doing much better business.

QIB Response is poor. You will be in loss and it may list below the issue price

Home First Finance Company India IPO – *Market’s Current Estimates of oversubscription*:

NII = 20K Crs. = ~115.57X
RII = 15L Forms = 5.39X Applic. wise (Avg allotment of ~5.20 shares per lot)

Interest cost *@8.00%p.a.* for 7days = 79.47paise for 1X

Thus, for NII the costing = 115.57 X 79.47paise = Rs.91.85 per share (= GMP)

And, for RII the costing = 91.85 X 5.20 = Rs477/- (= Kostak)


Home First Finance Company India IPO – *GMP Estimated*
GMP 120 +/- 2
Kostak 625 +/- 10
Subject 2 @2,850/-

If SEBI order allotting shares in lots of 1 it will make the market more transparent and corruption manipulation free.

Thank you @eagleye madam,
keep updating daily please

Today''s gmp for home f f. Pl inform
To subscribe or not?

Last Day @ 11:45 A.M
QIB : 1.9x
NII : 0.81x
RII : 4.37x & 3.53x application basis
Avg :2.9x

Admin,

What is the issue of lagging the updatioin of subscription status. its happened with indigo and again we are facing with home first finance

Apply or not??
Latest gmp please.

One important thing is missed out

Pre Issue Share Holding      52.85%
Post Issue Share Holding      33.70% 🙄🤔😯😮😲

@p patel

It''s good share holding decrease because no more sell from holding in future

@Rahul Popat - As per my knowledge, its not mandatory for promotors to reduce stake in NBFC. It applies to new banks after receiving banking license in certain intervals.

Hello I want to know can Hike finance IPO be in loss as there is budget and other factor will it can''t even give 5% profit

Shall i apply for 13 lots in 1 pan OR 6 - 7 lots in 2 different pan

What ever the number of lots you apply, you are going to get only 1 lot that too in lottery.
So if you have 2 PAN & DEMAT accounts then better to apply 1 lot in each account. Probablity of allotment with 2 applications is difficult to guess.

@puneetaga

Always remember over subscription only one lot is enough for one application . No need more than that .

Aadhar Housing finance Files DRHP

If Blackstone own it is a good thing but I think they will find it hard in search of big investors as company lost its goodwill during DHFL scam.

DHFL as a owner was a old story anyway but just two years back. Backstone is well reputed and affordable housing is the new rage in India today. At the same time, some of their backed companies did poorly in market after listing.

It all depends on pricing and future growth of this company.

As per media reports, "RBI has issued discussion paper on tighter norms for Big NBFCs".
Will this move of RBI affect this Company and its IPO negatively?
Need advise of experts on this forum please.

@ipo share - this won''t impact or affect to this company as RBI has categories 3 layers of NBFC.
1) NBFC-Base Layer
2) NBFC-Middle Layer
3) NBFC-Upper Layer

Major focus of RBI will be NBFC-Upper Layer. According to the RBI discussion paper, the process of identification of NBFC-UL based on parametric analysis discussed above shall be conducted as a yearly exercise.
NBFCs in the upper layer will have to comply with common equity Tier 1 capital regulations like commercial banks. They need to maintain a 9 percent CET1 ratio.

ref: https://www.moneycontrol.com/news/business/rbi-discussion-paper-proposes-tighter-rules-for-big-nbfcs-6384681.html

According to RBI discussion, A four-layered regulatory and supervisory framework is proposed for NBFCs –
Base Layer (NBFC-BL)
Middle Layer (NBFC-ML)
Upper Layer (NBFC-UL)
Potential Top Layer (NBFC-TL)
NBFCs in the Upper Layer will be subjected to a capital requirement of CET1 of 9%, which is at par with banks. Most NBFCs don’t publish CET1 as they are not mandated
to do so.
There won''t be any affect on HFFC.

Correction continued in market
Be cautious
Those who want to apply, please double check
Both side open
Fresh subscription should be made after qib/hni data

I withdrew my application of hffc IPO....it looked overpriced....on top of that market is in correction mode.....indigo paints looks all right....irfc will somehow recover eventually in case of below IPO price listing .....but hffc I don''t have much hope now

Which is better for listing gain ?
HFFL or Stove Kraft ?

HFFL

Allotment will be much easier for retail in HFFL then Stove and both may give some listing gains as per current trend.

I think huge subscription will see
in QIB today at the end of the day.

Seems , management good but slightly prices higher.80-85 GMP is reagsonable.tech lead HFC is one way differentiated finance business but way below scale of HDFC LTD.
Nevertheless alloy to get 1 lot see ride post listing.
After all QIB knows finer data of co business.

Dear Experts,
Apply Or not in hffc ipo.
Please Suggest me.
Updated gmp please

No body can guarantee listing gains. If you do have funds take some risk. Looking at current trend there is very high probability of some gains.

Demand from QIB is less for HFFC? Still QIB not applied forcely like Indigo? What may happen, if market is weak tomorrow?

GMP 115-120

Upto today after noon GMP was 160+ then now why it''s down so much????
Is this because secondary market profit booking??

Thank you @eagleye madam

I applied an IPO application for HFFCLTD through HDFC SEC''S mobile app. When I checked application status in order book it''s not show any details of HFFCLTD''S IPO but in my bank a/c amount of one lot is blocked. Can any explain what happened with me?

Hdfc Sec is under maintenance. Check tomorrow.

In order search put end date 25th instead of today...you should be able to see your order...as today is holiday hdfc use next working date for order if you place order on holiday...