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Home First Finance Company India Ltd. IPO (Home First Finance IPO) Detail

January 21, 2021 - January 25, 2021

Home First Finance IPO is a book built issue of Rs 1,153.72 crores. The issue is a combination of fresh issue of Rs 265.00 crores and offer for sale of Rs 888.72 crores.

Home First Finance IPO bidding started from January 21, 2021 and ended on January 25, 2021. The allotment for Home First Finance IPO was finalized on Friday, January 29, 2021. The shares got listed on BSE, NSE on February 3, 2021.

Home First Finance IPO price band is set at ₹517 to ₹518 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,504.

Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Home First Finance IPO, while Kfin Technologies Limited is the registrar for the issue.

Refer to Home First Finance IPO RHP for detailed information.

Home First Finance IPO Details

IPO Date January 21, 2021 to January 25, 2021
Listing Date February 3, 2021
Face Value ₹2 per share
Price Band ₹517 to ₹518 per share
Lot Size 28 Shares
Total Issue Size[.] shares
(aggregating up to ₹1,153.72 Cr)
Fresh Issue[.] shares
(aggregating up to ₹265.00 Cr)
Offer for Sale[.] shares of ₹2
(aggregating up to ₹888.72 Cr)
Issue Type Book Built Issue IPO
Listing At BSE, NSE

Home First Finance IPO Reservation

Home First Finance IPO offers 15,620,948 shares. 4,463,127 (28.57%) to QIB, 3,347,346 (21.43%) to NII, 7,810,475 (50.00%) to RII. 278,945 RIIs will receive minimum 28 shares and (sNII) and (bNII) will receive minimum 392 shares. (in case of oversubscription)

Investor Category Shares OfferedMaximum Allottees
Anchor Investor Shares Offered-NA
QIB Shares Offered4,463,127 (28.57%)NA
NII (HNI) Shares Offered3,347,346 (21.43%)
Retail Shares Offered7,810,475 (50.00%)278,945
Total Shares Offered15,620,948 (100%)

Home First Finance IPO Timeline (Tentative Schedule)

Home First Finance IPO opens on January 21, 2021, and closes on January 25, 2021.

IPO Open Date Thursday, January 21, 2021
IPO Close Date Monday, January 25, 2021
Basis of Allotment Friday, January 29, 2021
Initiation of Refunds Monday, February 1, 2021
Credit of Shares to Demat Tuesday, February 2, 2021
Listing Date Wednesday, February 3, 2021
Cut-off time for UPI mandate confirmation 5 PM on January 25, 2021

Home First Finance IPO Lot Size

Investors can bid for a minimum of 28 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.

Application Lots Shares Amount
Retail (Min) 1 28 ₹14,504
Retail (Max) 13 364 ₹188,552
Lot Size Calculator

Home First Finance IPO Promoter Holding

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.
Share Holding Pre Issue 52.85%
Share Holding Post Issue 33.70%

About Home First Finance Company India Ltd.

Home First Finance Company is an affordable housing finance company. The company primarily caters to the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.

The company has a diverse lead generation source channel including connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2020, the business has a strong branch network of 70 branches across 60 districts in 11 different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.

The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2020, it has serviced a total of 44,796 active loans.

Company Strengths

  • Technology-driven affordable housing company.
  • Strong penetration in the largest housing finance market.
  • Diversified lead source channel.
  • Experienced and qualified managerial team.

Company Financials

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

Objects of the Issue (Home First Finance IPO Objectives)

The net proceed from the issue will be used towards following purposes.

  • To augment company's capital base to meet future capital requirement.
  • To achieve share listing benefits on the exchange.

Home First Finance IPO Review (May apply)

[Dilip Davda]  The company has posted growth in its top and bottom lines for the last three and a half fiscals which are indicative of likely trends going forward with its niche play. As affordable housing segment is set for a boom with Government of India’s drive of “HOME FOR ALL BY 2022” and HFFC focusing untapped class of first home buyers, investors may consider investing in this IPO with long term perspectives. Read detail review...

Home First Finance IPO Subscription Status (Bidding Detail)

The Home First Finance IPO is subscribed 26.66 times on January 25, 2021 5:00:00 AM. The public issue subscribed 6.59 times in the retail category, 52.53 times in the QIB category, and 39.00 times in the NII category. Check Day by Day Subscription Details (Live Status)

CategorySubscription (times)

Home First Finance IPO Prospectus

Home First Finance IPO Rating

Rating:Rated 4.1 stars
Vote Here ...

Home First Finance IPO Listing Details

Listing Date February 3, 2021
BSE Script Code 543259
ISIN INE481N01025
Final Issue Price ₹518 per share

Pre-Open Session - NSE Pre-Open Session - BSE

Listing Day Trading Information

Price Details
Final Issue Price
Last Trade

Check IPO Performance…

Home First Finance Company India Ltd. Contact Details

Home First Finance Company India Ltd.
511, Acme Plaza, Andheri Kurla Road
Andheri East, Mumbai

Phone: 91 22 6694 0386

Home First Finance IPO Registrar

Kfin Technologies Limited

Phone: 04067162222, 04079611000

Home First Finance IPO FAQs

Home First Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,153.72 Crores. The issue is priced at ₹517 to ₹518 per share. The minimum order quantity is 28 Shares.

The IPO opens on January 21, 2021, and closes on January 25, 2021.

Kfin Technologies Limited is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.

Zerodha customers can apply online in Home First Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Home First Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.

Steps to apply in Home First Finance IPO through Zerodha

  1. Visit the Zerodha website and login to Console.
  2. Go to Portfolio and click the IPOs link.
  3. Go to the 'Home First Finance IPO' row and click the 'Bid' button.
  4. Enter your UPI ID, Quantity, and Price.
  5. ‘Submit’ IPO application form.
  6. Visit the UPI App (net banking or BHIM) to approve the mandate.

Visit Zerodha IPO Application Process Review for more detail.

The Home First Finance IPO opens on January 21, 2021 and closes on January 25, 2021.

Home First Finance IPO lot size is 28 Shares, and the minimum amount required is ₹14,504.

You can apply in Home First Finance IPO online using either UPI or ASBA as payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO application is offered by brokers who don't offer banking services. Read more detail about apply IPO online through Zerodha, Upstox, 5Paisa, Nuvama, ICICI Bank, HDFC Bank and SBI Bank.

The finalization of Basis of Allotment for Home First Finance IPO will be done on Friday, January 29, 2021, and the allotted shares will be credited to your demat account by Tuesday, February 2, 2021. Check the Home First Finance IPO allotment status.

The Home First Finance IPO listing date is on February 3, 2021.
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Home First Finance IPO Message Board

Ranked Members of Forum  Ranked Members | Members with Most Likes



584. traderyn |   Link |  Bookmark |February 21, 2021 8:55:44 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Holding for long term not viewing one or two days
583. BK Prajapati |   Link |  Bookmark |February 15, 2021 12:02:32 PM
bilkul dump company... price is going down and down and down
582. Ranjit Kannoje |   Link |  Bookmark |February 13, 2021 4:00:33 PM
Network system Pal online private limited
581. BK Prajapati |   Link |  Bookmark |February 12, 2021 9:07:35 PM
How was the results today of hffc?? Experts pls clerify if you knows..
580. traderyn |   Link |  Bookmark |February 9, 2021 9:48:51 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Please upload basis of allotment.
579. Gnsarda |   Link |  Bookmark |February 9, 2021 2:43:51 PM
Seniors member guide me I hold 2 Lots of Hff sale or Hold. Results on 12 Feb. Thanks in advance
578. Adiadikasare |   Link |  Bookmark |February 5, 2021 7:42:29 AM
I have applied for 1 lot of hffc ipo through zerodha on 25th January and my amount also get block by the registrar.On 30th January i got message that i have been alloted with the one lot of ipo. On the day of listing the shares where credited in my DP and again the amount of one lot got debited from my account. Inshort they charge me twice for one lot of IPO and this is very unusual.Anyone have solution or any guidance regarding this issue please help me kindly.
578.4. SAM S |   Link |  Bookmark |February 6, 2021 2:15:06 PM
same thing happen with me too... I am alotted 1 lot and pnb is showing lien 2 times.pls give us solution in pnb bank
578.5. Ashish Khater |   Link |  Bookmark |February 6, 2021 7:28:58 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
With regards to the double debit issue, i had raised a complaint with SBI online for the issue today morning. As now i have checked my account, Money has been refunded. If anyone has same issue, kindly raise complaint under, upi related issue.
Jai Jinendra....Jai Shree Ram
577. op mehta |   Link |  Bookmark |February 6, 2021 3:08:12 PM
Dear members,
VRL buyback of 60 crores approved from open market at maximum price of Rs. 300. Please suggest price band for buy and is it beneficial to buy at CMP or not.
576. Konapurkar Aditya |   Link |  Bookmark |February 5, 2021 7:11:33 PM
Today al mehwar purchased around 6 lakh shares of Hffc .below is the link for the news
575. SGGUPTA |   Link |  Bookmark |February 5, 2021 8:54:27 AM
Ashish khater bro same problem with me kindly update here if any response received from sbi customer care...
575.1. Ashish Khater |   Link |  Bookmark |February 5, 2021 1:10:57 PM
IPO Mentor IPO Mentor (600+ Posts, 400+ Likes)
Yes definitely.
Jai Jinendra....Jai Shree Ram
574. traderyn |   Link |  Bookmark |February 3, 2021 9:50:15 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Brought today at 527 and holding for long term.
574.4. phrao |   Link |  Bookmark |February 15, 2021 2:36:11 PM
Top Contributor Top Contributor (400+ Posts, 500+ Likes)
Not a worthy company

Fundamentally very poor
574.5. traderyn |   Link |  Bookmark |February 21, 2021 8:53:41 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
Worthy or not everywhere operators game.
573. SGGUPTA |   Link |  Bookmark |February 4, 2021 7:06:17 PM
Please help.. Mujhe home first me shares allot Hue.. Lekin phone pe ka auto pay fail ho gya and Payment fail show ho rha h but 3 Feb ko mere account se money deduct Ho gyi and also jo blocked amount h Wo bhi abhi Tak unblock nhi hua... What to do???? Please help..
573.1. Bourgeois Babu |   Link |  Bookmark |February 4, 2021 7:51:41 PM
Ignore phonepe payment failure, it is happening in recent ipo''s once shares alloted phonepe reminds for payment, we can ignore this as already we have given autopay rights if shares alloted. Check your demat account for alloted shares
573.2. Adiadikasare |   Link |  Bookmark |February 4, 2021 11:14:49 PM
Same thing happened with me..My money is block at first and l get allotment of shares for that and at the day of listing they again debited same amount from account inshort I have paid twice money for one allotment..
Anyone have any suggestion about this please kindly guide me
572. SGGUPTA |   Link |  Bookmark |February 4, 2021 7:58:14 PM
Bourgeois babu bro mera Money already sbi ne deduct kar liya h.. Aur uske sath sath mera amount bhi block dikha rha h ab jab ek bar money deduct Ho gya h to jo blocked amount h Wo to unblock hona chahiye???
572.1. Bourgeois Babu |   Link |  Bookmark |February 4, 2021 9:28:22 PM
No chance for that, please check once again, if amount deducted, shares will be alloted, if no shares allotted amount will be unblocked depends on the bank, most of the banks has unblocked the lien amount. If you still face the proble, contact your bank customer care for resolution
571. harit |   Link |  Bookmark |February 4, 2021 8:57:30 AM
Game on

Operators playing with minds of retailers
571.2. traderyn |   Link |  Bookmark |February 4, 2021 7:00:21 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ Likes)
571.3. harit |   Link |  Bookmark |February 4, 2021 7:01:04 PM
The Board has fixed 10th February 2021 as the "record date" for the purpose of ascertaining the eligibility of shareholders for payment of Interim Dividend. The dividend will be credited to the account of the shareholders or the dividend warrant in respect thereof will be dispatched on or before 28th February 2021.
Please double check before taking any position
570. rsk |   Link |  Bookmark |February 4, 2021 6:04:26 PM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
04-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      AL MEHWAR COMMERCIAL INVESTMENTS L.L.C.      BUY      627586      563.41      -
Same UAE fund that bought Indigo paints on the listing day.
569. SHARMARAJU |   Link |  Bookmark |February 4, 2021 4:16:38 PM
good evening
company ke result aane par,
kya ye aur upar ja sakte hai
Can we earn some profit
only get these two allotment after one year

568. krupa |   Link |  Bookmark |February 4, 2021 3:50:11 PM (800+ Posts, 500+ Likes)
Kisika amt abhi tak block he kya?
Validity 10/02/2021 dikha raha he
Kabhi unblock hoga any idea kya karna chahiye
567. IPO Mitr |   Link |  Bookmark |February 3, 2021 10:21:51 AM
May add more between 540 and 560 for short term.

Suno sabki par sirf apne man ki.
567.1. IPO Mitr |   Link |  Bookmark |February 4, 2021 11:26:22 AM
Added a small quantity @524

Keeping the stock under close watch for further action
566. Cautious ipo |   Link |  Bookmark |February 3, 2021 8:39:09 AM
IPO Guru IPO Guru (1900+ Posts, 1100+ Likes)
Anil singhvi of zee buis said listing at 770...but
566.6. KrishnaTwentyFour |   Link |  Bookmark |February 3, 2021 6:15:59 PM
Harit sir,
Few People are habitual to speak only -ve...I also saw morning show and he clearly said 640 to 700..
Iss forum pe log badha chadhke kuch bhi bolate hai...
566.7. Owls eye |   Link |  Bookmark |February 4, 2021 10:46:57 AM (500+ Posts, 1900+ Likes)
Suno Sabki Karo Apne Man Ki
Never follow anyone, they are doing their job. I don''t think they give time to analyse the things. It is just for formality
565. CSK |   Link |  Bookmark |February 4, 2021 10:10:21 AM
Top Contributor Top Contributor (300+ Posts, 500 Likes)
Pure Short covering my Operators
Please sell and enter lower rate below 500.

565.1. rsk |   Link |  Bookmark |February 4, 2021 10:23:27 AM
IPO Mentor IPO Mentor (600+ Posts, 300+ Likes)
No shorts yesterday.
Usual traders all cleared.
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      NUMIV RESEARCH PRIVATE LIMITED      BUY      529389      589
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      ALPHAGREP SECURITIES PRIVATE LIMITED      BUY      675520      589.04
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      VAIBHAV STOCK AND DERIVATIVES BROKING PRIVATE LIMITED      BUY      522615      587.44
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      NUMIV RESEARCH PRIVATE LIMITED      SELL      529389      589.45
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      VAIBHAV STOCK AND DERIVATIVES BROKING PRIVATE LIMITED      SELL      522615      587.68
3-Feb-21      HOMEFIRST      Home First Fin Co Ind Ltd      ALPHAGREP SECURITIES PRIVATE LIMITED      SELL      675491      589.04