Issue Open | Sep 25, 2018 |
Issue Close | Sep 27, 2018 |
IPO Price | ₹821 |
Face Value | ₹10 |
IPO Size | ₹1,734.07 Cr |
Listing At | BSE, NSE |
IPO Lot Size | 18 |
Wed, 24 Feb 2021 16:54:00 GMT
Manoj Viswanathan and his business partners started Home First to make home loans accessible to lower and middle-income families.
Thu, 21 Jan 2021 23:06:00 GMT
Home First Finance's ongoing initial public offer (IPO) was subscribed more than one time on the second day of the bidding process so far. The Rs 1,153.71-crore issue received bids for 1,94,86,544 ...
Mon, 25 Jan 2021 00:17:00 GMT
Upon comparing Home First with its closest listed peer, Aavas Financiers, the brokerage observed ... she recommended investors to subscribe to this IPO for listing gains only.
Sun, 24 Jan 2021 23:45:00 GMT
Prior to Home First Finance, the last IPO in the domestic housing finance segment happened more than two years back when Jaipur-based Aavas Financiers launched a Rs 1,640-crore issue on October 25 ...
Wed, 20 Jan 2021 08:52:00 GMT
The initial public offer (IPO) consists of fresh issue to raise ... companies with focus on affordable housing segment, Aavas Financiers is trading P/Adj BV multiple of 6.8x, Repco Home Finance ...
Tue, 02 Feb 2021 16:00:00 GMT
While its direct listed peer, Aavas Financier trades a premium ... Despite the huge untapped potential in the affordable housing finance space, the IPO of HFFC saw relatively lower demand from ...
Sun, 24 Jan 2021 21:53:00 GMT
The third IPO of 2021, Home First Finance is just ... at post-money P/BV of 3.4x compared to its nearest competitor Aavas Financiers which trades at 6.8x on September BV. Stove Kraft opens ...
Wed, 03 Feb 2021 03:06:00 GMT
The issue is priced at post-money price to book value of 3.4 times compared to its nearest competitor Aavas Financiers which trades at 6.8 times on September," said Yes Securities in a note ahead ...
Wed, 20 Jan 2021 02:29:00 GMT
Mazagon Dock IPO: The shares of the country's largest defence company listed opened at Rs 216.25 on the BSE, up Rs 71.25 or 49 per cent compared to issue price of Rs 145 per share. Mazagon Dock ...
Wed, 20 Jan 2021 21:15:00 GMT
Hoping to tread on the same path, Home First Finance’s IPO will open for subscription today, making it the third offering of 2021 so far. Ahead of the issue, the firm has raised Rs 346 crore ...
Wed, 27 Jan 2021 08:44:00 GMT
Aadhar Housing Finance submitted documents ... book value of closest rival Aavas, Aadhar would be worth as much as $3.7 billion. That leaves Blackstone’s IPO with a solid foundation.
The IPO Shares of Aavas Financiers Limited IPO are proposed to list on Monday, October 8, 2018 at BSE, NSE. The public issue of Aavas Financiers IPO was opened on Sep 25, 2018 and closed for subscription on Sep 27, 2018. Aavas Financiers IPO Listing Date and Information:
The allotment status of Aavas Financiers Limited IPO is now available online. The public issue of Aavas Financiers IPO was open on Sep 25, 2018 and closed for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE.
Aavas Financiers’ initial public offering, which opened on Tuesday Sep 24th, has attracted strong demand from institutional investors, despite the challenging stock market conditions for housing finance companies.
Leading brokerages such as Kotak Securities, Motilal Oswal, Antique, ICICI Direct, Investec, Nirmal Bang, Aditya Birla Capital and Anand Rathi remain highly positive on the business, citing a strong management team, best-in-class operational metrics, and AU Small Finance Bank’s DNA. Unlike many other housing finance companies, Aavas has no exposure to risky assets such as developer funding or under-construction loans, and also has a positive asset-liability match.
This means that unlike HFCs funded only by short-term debt, Aavas has been prudent enough to secure long-term funding for its business (the company has zero reliance on commercial paper), and hence has no cause for concern on liquidity.
The Rs 1734cr issue is already 50% subscribed on Day 2, including 34 blue-chip anchor investors such as Abu Dhabi Investment Authority, Kuwait Investment Authority, Nomura, Wasatch, HSBC Halbis, Amundi SBI MF, Reliance MF, ICICI Prudential MF, Birla Sun Life MF, DSP MF, Kotak MF, etc.
Market commentators believe that this is one of the highest quality anchor books of all recent IPOs, matched only by that of HDFC AMC’s blockbuster IPO. Sources add that the current subscription levels of this issue are quite remarkable in the context of the current stock market environment for the industry, and are a testament to the long-term attractiveness of the business. As a result, the IPO is expected to sail through on its final day – the only one that will that looks like it will do so in these market conditions.
Aavas Financiers Limited is entering in the capital market with an IPO of [.] Equity Shares of Rs 10 aggregating up to Rs [.] Crore. The price for the issue has been set at Rs - Rs Per Equity Share.
Incorporated in 2011, Jaipur based Aavas Financiers Limited is a company engaged in the business of providing retail, affordable housing finance to low and middle income self employed customers in semi-urban and rural areas in India. The Company is registered with the NHB as an HFC.
The issue opens on Sep 25, 2018 and closes for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE.
The issue of Aavas Financiers Limited opens on Sep 25, 2018 and closes for subscription on Sep 27, 2018. The equity shares of the company to be list at BSE, NSE. The price for the issue has been set at Rs - Rs Per Equity Share.
The Aavas Financiers IPO is proposed to open on Sep 25, 2018. The IPO application ends on Sep 27, 2018.
Retail investors can apply in the retail or non-institutional investor category from Sep 25, 2018 to Sep 27, 2018. The Aavas Financiers IPO can be applied online through Net Bank (ASBA method) or the stock broker (UPI method).
The Aavas Financiers IPO will open for subscription on Sep 25, 2018. The public issue will close on Sep 27, 2018.
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