Home First Finance Company India Ltd. IPO Message Board (Page 26)

FINAL


Stove Kraft IPO – Schedule *(FINAL – Pg #283 of RHP)*

20th Jan – Announcement of Price Band
22nd Jan – Anchor Investors Allotment
25th Jan – Offer Opens
28th Jan – Offer Closes
02nd Feb – Finalisation of Basis of Allotment
03rd Feb – Unblocking of ASBA Accounts
04th Feb – Credit of Equity Shares to Depository Accounts
05th Feb – Commencement of Trading


Stove Kraft IPO – Issue Information *(FINAL)*

Issue Opens on: 25 January 2021
Issue Closes on: 28 January 2021
Issue Type: Book Built Issue IPO
Issue Size: 1,07,17,532 Shares
Face Value: Rs.10/- per Share
Issue Price: Rs.384 – Rs.385 Share
Discount: NIL
Market Lot: 38 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 3,00,80,631 Shares
Fresh Issue of 24,67,532 Shares @385/- = Rs.95.00Crs
Offer for Sale of 82,50,000 Shares @385/- = Rs.317.63Crs
Equity Shares outstanding after the Issue = 3,25,48,163 Shares

Category-wise Break up:
Anchor – 48,22,889 Shares = 185.68Crs
QIB – 32,15,260 Shares = 123.79Crs
NII – 16,07,630 Shares = 61.89Crs
RII – 10,71,753 Shares = 41.26Crs (Lot size: 38 = 28,204 Forms)
Total Issue – 1,07,17,532 Shares = 412.63Crs.

Subscription required for 1X
RII = 28,204 Forms
NII = 61.89Crs


Stove Kraft IPO – Financial Information (Basis of Valuation)

The information is collated from the following documents:
1) RHP = Red Herring Prospectus Dated January 19,2021(315 pages)

EPS for FY17-18 >>> Rs.(4.95) (Page #78 of RHP)
EPS for FY18-19 >>> Rs.00.27 (Page #78 of RHP)
EPS for FY19-20 >>> Rs.01.05 (Page #78 of RHP)
EPS for H120-21 >>> Rs.09.57 (Page #78 of RHP)

RoNW for FY17-18 >>> 00.00% (Page #79 of RHP)
RoNW for FY18-19 >>> 00.60% (Page #79 of RHP)
RoNW for FY19-20 >>> 02.51% (Page #79 of RHP)
RoNW for H120-21 >>> 18.43% (Page #79 of RHP)

NAV as on September 30, 2020 was Rs.51.89 (Page #79 of RHP)

Listed Industry Peer Group (Page #80 of RHP): TTK Prestige, Hawkins Cookers, Butterfly Gandhimathi Appliances

🥺 Unexpected exponential raise in EPS for H1 20-21 even though pandemic and lock down 😱

RHP Link?

Anchor Investors List of Home First IPO. Company raised 346 crs through Anchors.

List comprises Beauna Vista, Tata AIA International, Morgan Stanley, Nomura, ICICI Prudential, Bharti Axa, Tata AIA, Birla MF, CLSA etc.

Got some unconfirmed reports that GMP is around 160-70.

@ Admin ji

Stove craft page not open yet , dates announced

Company has made loss in 17-18 so retail portion is 10% as per sebi norms if I have not read wrong

Very bad news if retailer portion is 10%

Anchor list very impressive.

https://www1.nseindia.com/products/content/equities/ipos/ipo_current_homefirst.htm

Stove Kraft limited IPO
Official Date confirmed
Retail quota only 10%

Check Image proof by IPO Lead Manager Edelweiss
https://ibb.co/HNGzRTt

HFFL KA ANCHOR LIST ABHITAK NAHI AYA???

HFFL KA ANCHOR LIST ABHITAK NAHI AYA???

dear admin ,

please open the page for the Stove Kraft IPO

thanks

As per my understanding, the company has experienced healthy asset quality with GNPL ratio at sub-1% and credit costs of 0.3-0.6% over the past three years with strong underwriting. As a result, its RoA of 2.7% in FY20 is healthy v/s peers. However, given its low leverage (loans/equity of 3.2x), it delivered modest RoE of 11% in FY20.
Considering the phenomenal growth that it has had, wouldn''t be surprised at 10-20% listing gains but retail allotment will again be lucky draw.

According to the CRISIL Report, the 60 districts in the 11 states and union territory in which Company is present accounted for approximately 48% of the affordable housing finance market in India during the financial year 2019 and has a high per capita income with rising levels of urbanization.
For the six months ended September 30, 2020 and the financial year 2020, it sanctioned 2,591 and 15,591 loans on account of leads generated through 887 and 2,553 connectors, respectively. (Connectors are generally individuals such as insurance agents, tax practitioners and local shopkeepers)

when is sail allotment of ofs

Hi,

I have account in HDFC Bank, and seperate d-mat account with sharekhan for myself and my wife so can I apply myself and my wife for Home First Finance ipo from my HDFC bank account.

The application will get accepted or rejected ??

Experts Pls reply

Gavin ji,
Since your spouse demat account must be linked with bank account with her name. Use that bank account either through net banking ASBA or UPI mechanism.

Thanks a lot All
Really appriciate with your guidance.

GMP 🆚 CMP

IMO , 500 ~ 518 of HFFC = 1500 of Aavas Fin.
CMP of Aavas Fin. = 1925
i.e GMP of ~100 Rs. justifies w.r.t CMP of Aavas.

Let''s hope till the time of listing i.e till 3rd Feb. Aavas Fin. sustain above 1500 level.Technically I feel the level of 1700 is supporting the stock in case of correction.Budget can be Housing Finance companies friendly.

Though there are lot many listed housing finance companies , HFFC cleverly select only Aavas Fin. as peer due to its high valuation.Other Housing Finance companies are trading at low. So apply for listing gain only. After listing it may settle anywhere near 400~450 range.🙏

HML sir 👍

HML ji, HFFC believes that it is intelligent enough in selecting Aavas as its peer. But nowadays investors are intelligent enough to ascertain the required information from various sources and are acting wisely. Sir, thank you very much for your kind views. Please continue to help the forum by sharing your analysis on all the IPOs.

On Oct 15, 2020 HFFL allotted preferential shares at Rs. 334.726. What has changed in 3 months to warrant such high IPO price?

Too high valuation of IPOs is new phenomenon of registrar and BRLM.

Hffl or irfc or indigo,I have money for 2 ipo only pls suggest

As per chances of allotment, put your money in IRFC and HFFL. In indigo very hard to get allotment.

Kostak indigo

Form download link

https://www.lkpsec.com/AjaxPages/AjaxCreatepdf.aspx?srno=160400

165-70 GMP.