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

Jan 21, 2021 - Jan 25, 2021

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:

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 Details

Home First Finance IPO Date Jan 21, 2021 to Jan 25, 2021
Home First Finance IPO Face Value ₹2 per share
Home First Finance IPO Price ₹517 to ₹518 per share
Home First Finance IPO Lot Size 28 Shares
Issue Size[.] shares of ₹2
(aggregating up to ₹1,153.72 Cr)
Fresh Issue[.] shares of ₹2
(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
Company PromotersTrue North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

Home First Finance IPO Timeline (Tentative Timetable)

Home First Finance IPO opens on Jan 21, 2021, and closes on Jan 25, 2021. The Home First Finance IPO bid date is from Jan 21, 2021 10.00 A.M. to Jan 25, 2021 5.00 P.M. The Cut-off time for UPI Mandate confirmation is 12 P.M. on the next day of issue closing day.

Event Date
Home First Finance IPO Opening Date Jan 21, 2021
Home First Finance IPO Closing Date Jan 25, 2021
Basis of Allotment Jan 29, 2021
Initiation of Refunds Feb 1, 2021
Credit of Shares to Demat Feb 2, 2021
Home First Finance IPO Listing Date Feb 3, 2021

Home First Finance IPO Lot Size

The Home First Finance IPO lot size is 28 shares. A retail-individual investor can apply for up to 13 lots (364 shares or ₹188,552).

Application Lots Shares Amount
Minimum 1 28 ₹14,504
Maximum 13 364 ₹188,552

Home First Finance IPO Promoter Holding

Pre Issue Share Holding 52.85%
Post Issue Share Holding 33.70%

Home First Finance IPO Review

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...

New Home First Finance IPO Recommendation by Members

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Home First Finance IPO Subscription Status (Bidding Detail)

The Home First Finance IPO is subscribed 26.66 times on Jan 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)
QIB52.53
NII39.00
Retail6.59
Total26.66

Home First Finance IPO Prospectus

Home First Finance IPO Rating

1597
4.1
Rating:Rated 4.1 stars
Vote Here ...

Home First Finance IPO Listing Date

Listing Date Wednesday, February 3, 2021
BSE Script Code 543259
NSE Symbol HOMEFIRST
Listing In B Group of Securities
ISIN INE481N01025
IPO Price ₹518 per share
Face Value ₹2 per share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
BSE
₹518.00
₹612.15
₹521.65
₹639.50
₹527.40
NSE
₹518.00
₹618.80
₹522.00
₹640.00
₹527.55

Company Contact Information

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

Phone: 91 22 6694 0386
Email: corporate@homefirstindia.com
Website: http://www.homefirstindia.com/

Home First Finance IPO Registrar

KFin Technologies Limited

Phone: 04067162222, 04079611000
Email: hffcl.ipo@karvy.com
Website: https://karisma.kfintech.com/

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 Jan 21, 2021, and closes on Jan 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 Jan 21, 2021 and closes on Jan 25, 2021.

Home First Finance IPO lot size is 28 Shares and the minimum order quantity is .

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, Edelweiss, ICICI Bank, HDFC Bank and SBI Bank.

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

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

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1223 Comments

584. traderyn |   Link |Feb 21, 2021 8:55:44 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Holding for long term not viewing one or two days
583. BK Prajapati |   Link |Feb 15, 2021 12:02:32 PM
bilkul dump company... price is going down and down and down
582. Ranjit Kannoje |   Link |Feb 13, 2021 4:00:33 PM
Network system Pal online private limited
581. BK Prajapati |   Link |Feb 12, 2021 9:07:35 PM
How was the results today of hffc?? Experts pls clerify if you knows..
580. traderyn |   Link |Feb 9, 2021 9:48:51 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
@admin
Please upload basis of allotment.
579. Gnsarda |   Link |Feb 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 |Feb 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 |Feb 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 |Feb 6, 2021 7:28:58 PM
Top Contributor Top Contributor (400+ Posts, 300+ 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 crcf.sbi.co.in/ccf, upi related issue.
Thanks.

Ashish Khater

577. op mehta |   Link |Feb 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 |Feb 5, 2021 7:11:33 PM
Today al mehwar purchased around 6 lakh shares of Hffc .below is the link for the news

https://m.economictimes.com/markets/stocks/news/nse-bse-bulk-deals-norges-bank-buys-stake-in-sis/amp_articleshow/80691002.cms
575. SGGUPTA |   Link |Feb 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 |Feb 5, 2021 1:10:57 PM
Top Contributor Top Contributor (400+ Posts, 300+ Likes)
Yes definitely.

Ashish Khater

574. traderyn |   Link |Feb 3, 2021 9:50:15 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Brought today at 527 and holding for long term.
574.4. phrao |   Link |Feb 15, 2021 2:36:11 PM
Top Contributor Top Contributor (300+ Posts, 500+ Likes)
Not a worthy company

Fundamentally very poor
574.5. traderyn |   Link |Feb 21, 2021 8:53:41 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Worthy or not everywhere operators game.
573. SGGUPTA |   Link |Feb 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 |Feb 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 |Feb 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 |Feb 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 Tak...to jab ek bar money deduct Ho gya h to jo blocked amount h Wo to unblock hona chahiye???
572.1. Bourgeois Babu |   Link |Feb 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 |Feb 4, 2021 8:57:30 AM
Game on

Operators playing with minds of retailers
571.2. traderyn |   Link |Feb 4, 2021 7:00:21 PM
Top Contributor Top Contributor (300+ Posts, 100+ Likes)
Eligible
571.3. harit |   Link |Feb 4, 2021 7:01:04 PM
Yes
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 |Feb 4, 2021 6:04:26 PM
Top Contributor Top Contributor (400+ Posts, 200+ 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 |Feb 4, 2021 4:16:38 PM
good evening
company ke result aane par,
kya ye aur upar ja sakte hai
*IRFC AND HOME FIRST*
Can we earn some profit
only get these two allotment after one year
~~~

568. krupa |   Link |Feb 4, 2021 3:50:11 PM
IPO Mentor IPO Mentor (700+ Posts, 400+ 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 |Feb 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 |Feb 4, 2021 11:26:22 AM
Added a small quantity @524

Keeping the stock under close watch for further action
566. Cautious ipo |   Link |Feb 3, 2021 8:39:09 AM
IPO Guru IPO Guru (1500+ Posts, 900+ Likes)
Anil singhvi of zee buis said listing at 770...but
566.6. KrishnaTwentyFour |   Link |Feb 3, 2021 6:15:59 PM
IPO Guru IPO Guru (1100+ Posts, 1200+ Likes)
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 |Feb 4, 2021 10:46:57 AM
IPO Mentor IPO Mentor (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 |Feb 4, 2021 10:10:21 AM
Top Contributor Top Contributor (200+ Posts, 400+ Likes)
Pure Short covering my Operators
Please sell and enter lower rate below 500.


.
565.1. rsk |   Link |Feb 4, 2021 10:23:27 AM
Top Contributor Top Contributor (400+ Posts, 200+ 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