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 Promoters:

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

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

IPO Opening DateJan 21, 2021
IPO Closing DateJan 25, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹517 to ₹518 per equity share
Market Lot28 Shares
Min Order Quantity28 Shares
Listing AtBSE, NSE
Issue Size[.] Eq Shares of ₹2
(aggregating up to ₹1,153.72 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹265.00 Cr)
Offer for Sale[.] Eq Shares of ₹2
(aggregating up to ₹888.72 Cr)

Home First Finance IPO Tentative Timetable

The Home First Finance IPO open date is Jan 21, 2021, and the close date is Jan 25, 2021. The issue may list on Feb 3, 2021.

IPO Open DateJan 21, 2021
IPO Close DateJan 25, 2021
Basis of Allotment DateJan 29, 2021
Initiation of RefundsFeb 1, 2021
Credit of Shares to Demat AccountFeb 2, 2021
IPO Listing DateFeb 3, 2021

Home First Finance IPO Lot Size

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

ApplicationLotsSharesAmount (Cut-off)
Minimum128₹14,504
Maximum13364₹188,552

Home First Finance IPO Promoter Holding

Pre Issue Share Holding52.85%
Post Issue Share Holding33.70%

Home First Finance IPO Subscription Status (Bidding Detail)

The Home First Finance IPO is subscribed 26.66x times on Jan 25, 2021 05:00. The public issue subscribed 6.59x in the retail category, 52.53x in the QIB category, and 39.00x in the NII category. Check Day by Day Subscription Details (Live Status)

CategoryIPO Subscription
QIB

52.53x

NII

39.00x

RII

6.59x

Total

26.66x

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 DateWednesday, February 3, 2021
BSE Script Code543259
NSE SymbolHOMEFIRST
Listing InB Group of Securities
ISININE481N01025
IPO Price₹518 per equity share
Face Value₹2 per equity share

Listing Day Trading Information

.
IPO Price
Open
Low
High
Last Trade
Volume
BSE
₹518.00
₹612.15
₹521.65
₹639.50
₹527.40
1,193,081,734
NSE
₹518.00
₹618.80
₹522.00
₹640.00
₹527.55
24,532,661

Home First Finance IPO Registrar

KFintech Private Limited
   KFintech, Tower-B, Plot No 31 & 32,
   Financial District, Nanakramguda, Gachibowli,
   Hyderabad, Telangana India - 500 032.

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

Home First Finance IPO FAQs

  1. What is Home First Finance IPO?

    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 equity share. The minimum order quantity is 28 Shares.

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

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

  2. How to apply in Home First Finance IPO through Zerodha?

    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.

  3. When Home First Finance IPO will open?

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

  4. What is the lot size of Home First Finance IPO?

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

  5. How to apply for Home First Finance IPO?

    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.

  6. When Home First Finance IPO allotment?

    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.

  7. When is Home First Finance IPO listing date?

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

Home First Finance IPO Message Board

Ranked Members  Ranked Members

Loading...
468. traderyn |Feb 21, 2021 20:55
Holding for long term not viewing one or two days
467. BK Prajapati |Feb 12, 2021 21:07
How was the results today of hffc?? Experts pls clerify if you knows..
466. traderyn |Feb 9, 2021 21:48
@admin
Please upload basis of allotment.
465. Gnsarda |Feb 9, 2021 14:43
Seniors member guide me I hold 2 Lots of Hff sale or Hold. Results on 12 Feb. Thanks in advance
465.1. arunARUN |Feb 10, 2021 19:49
Top Contributor Top Contributor (400+ Posts, 200+ Likes)
High risk IPO GMP will vanish before listing
465.2. KING VINOD |Feb 10, 2021 20:17
IPO Guru IPO Guru (1400+ Posts, 3000+ Likes)
RailTel IPO GMP last Heard 22 - 24
464. Adiadikasare |Feb 5, 2021 07:42
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.
463. op mehta |Feb 6, 2021 15:08
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.
462. Konapurkar Aditya |Feb 5, 2021 19:11
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
461. SGGUPTA |Feb 5, 2021 08:54
Ashish khater bro same problem with me kindly update here if any response received from sbi customer care...
461.4. Lokesh Chiru |Feb 5, 2021 12:28
Yes
461.5. Muthuchamy Arunachalam |Feb 5, 2021 12:38
Thanks Bunty aggarwal and lokesh chiru
460. traderyn |Feb 3, 2021 21:50
Brought today at 527 and holding for long term.
459. SGGUPTA |Feb 4, 2021 19:06
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..
458. SGGUPTA |Feb 4, 2021 19:58
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???
457. harit |Feb 4, 2021 08:57
IPO Guru IPO Guru (1700+ Posts, 2900+ Likes)
Game on

Operators playing with minds of retailers
457.3. THAKKAR |Feb 4, 2021 13:32
GMP 70-76
457.4. Devang Shah |Feb 4, 2021 19:30
80 - 85
456. rsk |Feb 4, 2021 18:04
Top Contributor Top Contributor (200+ Posts, 100+ 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.
455. SHARMARAJU |Feb 4, 2021 16:16
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
~~~

455.1. Bourgeois Babu |Feb 4, 2021 21:28
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
454. krupa |Feb 4, 2021 15:50
Kisika amt abhi tak block he kya?
Validity 10/02/2021 dikha raha he
Kabhi unblock hoga any idea kya karna chahiye
453. IPO Mitr |Feb 3, 2021 10:21
May add more between 540 and 560 for short term.

Suno sabki par sirf apne man ki.
452. Cautious ipo |Feb 3, 2021 08:39
IPO Mentor IPO Mentor (600+ Posts, 500+ Likes)
Anil singhvi of zee buis said listing at 770...but
451. CSK |Feb 4, 2021 10:10
Pure Short covering my Operators
Please sell and enter lower rate below 500.


.
450. rsk |Feb 4, 2021 09:00
Top Contributor Top Contributor (200+ Posts, 100+ Likes)
Original promotors > Jeery Rao and PS Jayakumar > Mhasis founder/Citi/BOB CMD
GIC (Sinagpore SWF) and Warburg promotors now promotors

Wrong comparison to Indostar > Which is in CV finance.

New Fintech in housing finance.
449. Arjun Rajkot |Feb 2, 2021 20:24
Top Contributor Top Contributor (200+ Posts, 300+ Likes)
Must Buy
Must Buy
Lisitng @725

Must Buy

Risky People Dont sell Any Share
Scary People Sell Only 50%

Keep This in long term Portfolios.
Aavas IPO few years Now trading @1999







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