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Some points grab my attention while reading RHP for HFFC
1)New to credit loan accounts (1st time loan taken by customer)as on 30/9/19 ->44.1% & 30/2020 ->40.4% So risk of NPA in future is a bit high.

2)CAR as per RBI guidelines for housing finance company is 14% & HFFC's is having 51.8% still the company has written in objective to strengthen company capital base to meet future capital requirements & please note collection effeciency for this comp.is 96%.(means at nearly 4 times above min.reqt & good collection effeciency u still need to strengthen)

3) Industry P/E 20.4 ; HDFC P/E 27 ; LICHF P/E 8
HFFC's asking P/E 48-49 way higher then top peers & industry

4)HFFC sold stake to orange club investment on 15/10/2020 & 13/1/2021 @ Rs334/ share & within 10 days HFFC is asking a price from us @ Rs518..

My view is that they are coming with an IPO just to "BEHTI GANGA MEI HAATH DHONA"

SO I'll AVOID it...

Experts please suggest....👆👆

......you have hit the nail on the head ......!