Home First Finance Company India Ltd. IPO Message Board (Page 28)

Nureca Limited IPO cleared by SEBI

Dear Arjunji, Pl give letest GMP of all three IPOs.

for one time retail subscription 270000 applications require

78 - 83

So now there will be tough competition between HFFCIL, Indigo, IRFCL. That too before budget :)

Dear Experts - It would be great help to chittorgarh community if all can rank so that one can decide if they have limited funds...

All 3 rankings are excellent

@ganesh jaishwal - thanks for your ranking... This really helps to all

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

NII = 30.00K Crs. = ~133.33X
RII = 20.00L Forms = 5.63X Applic. wise (Avg allotment of ~5.15 shares per lot)

Interest cost *@8.00%p.a.* for 7days = 78.25paise for 1X

Thus, for NII the costing = 133.33 X 78.25paise = Rs.104.33 per share (= GMP)

And, for RII the costing = 104.33 X 5.15 = Rs.537/- (= Kostak)


Home First Finance Company India IPO – *GMP Estimated*
GMP 105 +/- 2
Kostak 540 +/- 10
Subject 2 @2,400/-

@Paymzia - Does that mean demand is more in HFFCIL?

@Default Investor - Somewhat agree with your point... RISK is the reason to charge higher...

premium 75/- no koshtak

post budget listing is going to be highly risky

This IPO should be postponed by 1 day
if dates would be Jan 22, 2021 to Jan 26, 2021, it would be good for everyone.

@lekker Sirji - It should be Jan 27. as 26th is holiday

Yes
From 22nd to 27th Jan 2021

Will the price band along with date be announced at the same time?

No official announcement yet

Are the ipo dates confirm??

Budget on Feb 1, 2021. Listing gains will be depending upon how market reacts after budget.

Latest GMP?

Home First Finance Company India IPO – Schedule *(Tentative)*

18th Jan – Announcement of Price Band
20th Jan – Anchor Investors Allotment
21st Jan – Offer Opens
25th Jan – Offer Closes
29th Jan – Finalisation of Basis of Allotment
01st Feb – Unblocking of ASBA Accounts
02nd Feb – Credit of Equity Shares to Depository Accounts
03rd Feb – Commencement of Trading


Home First Finance Company India IPO – Issue Information *(Tentative)*

Issue Opens on: 21 January 2021
Issue Closes on: 25 January 2021
Issue Type: Book Built Issue IPO
Issue Size: 2,94,11,764 Shares
Face Value: Rs.2/- per Share
Issue Price: Rs.507 – Rs.510 per Share *(Tentative)*
Discount: NIL
Market Lot: 29 Shares
Listing At: NSE, BSE

Equity Shares outstanding prior to the Issue = 7,82,97,715 Shares
Fresh Issue of 78,43,137 Shares @510/- = Rs.400 Crs
Offer for Sale of 2,15,68,627 Shares @510/- = Rs.1,100 Crs
Equity Shares outstanding after the Issue = 8,61,40,852 Shares

Category-wise Break up:
Anchor – 88,23,529 Shares = 450 Crs
QIB – 58,82,353 Shares = 300 Crs
NII – 44,11,765 Shares = 225 Crs
RII – 1,02,94,117 Shares = 525 Crs (Lot size: 29 = 3,54,970 Forms)
Total Issue – 2,94,11,764 Shares = 1,500 Crs.

Subscription required for 1X
RII = 3,54,970 Forms
NII = 225 Crs

@EE mam,
I read in media report that that Home First IPO size is 1200 Cr instead of 1500 Cr. Although in DRHP, size mentioned is 1500 Cr.

Has the issue size again increased? Please let us know

Media report https://www.cnbctv18.com/market/stocks/home-first-finance-to-soon-launch-rs-1200-crore-ipo-report-7912121.htm

My reading about the current 3 ipo''s

1st >> IRFC (best chance of allotment, less profit is better than no profit plus if you can hold till budget, surely there will be good news as has been the trend past many years)

2nd>> Indigo Paints (lower chance of allotment but 50% gains are expected. Company is in supergrowth mode and trades at 46 P/E on FY23 basis which is 25 to 40% less than P/E''s of Apaints, berger FY23 basis)

3rd>> Home Finance (If issue price is 500-520, seems a bit expensive but considering the phenomenal growth that it has had, wouldn''t be suprised at 10-20% listing gains but retail allotment will again be lucky draw but HNI funds will be very limited due to being last to list)

Home First Finance IPO Details

Issue Opens : 21 January
Issue Closes : 25 January
Price Band : 517 - 520
Lot : 28

Tentative or final?

@ Nandkishor

Moderator updated as final date but the question is whether GMP will sustain or not because this price band includes Arjun''s price band plus GMP.
520=445+75

Tentative details

OFS : 2,11,53,847 shares (399.99 Cr)
Fresh : 76,92,300 shares (1100.00 Cr)
Total : 1500 Cr.

Price: 517-520
Lot 28

Retail : 1,00,96,151 (3,60,577 Forms)

Yes, minor can apply for IPO if they have demat account....

Gaming Company Nazara Technologies Limited file a second time fresh DRHP with SEBI after 2 years
OFS of 4,965,476 equity shares
face value : 4
Price may be between : 800-850

Home first finance is showing it''s advertisement in Chittorgarh. That''s means it''s coming next week only.

This situation reminding me the September end when utiamc, mazagon, likhitha came together and investors were confused what to do.

Except irfc, two will list after budget and God knows what is going to happen.

One more thing reminding me is ➡ ICICI the leading manager thrice in a row again ☰
IRFC , HFFC & Indigo ♵

Issue date : 22 - 27 Jan Tentative
GMP : 70 - 72

@HMT, I too believe that ipo will open from 22-27 Jan. This will help hni to reduce interest cost by one day due to public holiday on 26th