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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.
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 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 Offered | Maximum Allottees |
---|---|---|
Anchor Investor Shares Offered | - | NA |
QIB Shares Offered | 4,463,127 (28.57%) | NA |
NII (HNI) Shares Offered | 3,347,346 (21.43%) | |
Retail Shares Offered | 7,810,475 (50.00%) | 278,945 |
Total Shares Offered | 15,620,948 (100%) |
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 |
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 |
Share Holding Pre Issue | 52.85% |
Share Holding Post Issue | 33.70% |
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
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 |
The net proceed from the issue will be used towards following purposes.
[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...
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)
Category | Subscription (times) |
---|---|
QIB | 52.53 |
NII | 39.00 |
Retail | 6.59 |
Total | 26.66 |
Listing Date | February 3, 2021 |
BSE Script Code | 543259 |
NSE Symbol | HOMEFIRST |
ISIN | INE481N01025 |
Final Issue Price | ₹518 per share |
Price Details |
---|
Final Issue 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 |
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/
Kfin Technologies Limited
Phone: 04067162222, 04079611000
Email: hffcl.ipo@karvy.com
Website: https://kosmic.kfintech.com/ipostatus/
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
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.
Ashish Khater
Ashish Khater
Ashish Khater
Ashish Khater
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