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, 2019, the business has a strong branch network of 65 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, 2019, it has serviced a total of 37,086 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

1586
4.1
Rating:Rated 4.1 stars

Vote Here ...

Home First Finance IPO Registrar

KFintech Private Limited
   Selenium Building, Tower-B, Plot No 31 & 32,
   Financial District,Nanakramguda, Serilingampally,
   Rangareddi, Telangana India - 500 032.

Phone: 1-800-3454001
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 not yet announced. The tentative date of Home First Finance IPO listing is Feb 3, 2021.

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