Home First Finance Company received the approval for IPO (Initial Public Offering) from the capital market regulator Sebi in March last year. The Rs 1,500 crore public issue comprises of a fresh issue of Rs 400 crore and an offer for sale of Rs 1,100 crore by promoters and existing shareholders.
Home First Finance is expected to launch its initial public offering (IPO) for subscription next week.
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.
Read Also: Home First Finance GMP Detail
Home First Finance IPO Category-wise Break up:
Home First Finance IPO Date & Price Band:
| Issuer | Home First Finance |
| Issue Type | Book Built Issue IPO |
| Issue Period | Issue Opens: January 21, 2021 |
| Issue Closes: January 25, 2021 | |
| Price Brand | ₹517 to ₹518 Per Share |
| Issue Size | ₹1200 Crores |
| Face Value | Rs.2 per Equity Share |
| Market Lot | Shares |
| Maximum Bid amount for Retail | Rs. 2 Lakhs |
| QIB | 50% of the issue size |
| NIB | 15% of the issue size |
| Retail Individual Bidders | 35% of the issue size |
| Offer for Sale | ₹ 1100 Cr |
| Fresh Issue | ₹ 400 Cr |
| Listing at | NSE & BSE |
Home First Finance IPO Tentative Timetable
The Home First Finance IPO open date is , and the close date is . The issue may list on .
| IPO Open Date | 21 Jan , 2021 |
| IPO Close Date | 25 Jan , 2021 |
| Basis of Allotment Date | 01 Feb, 2021 |
| Initiation of Refunds | 02 Feb, 2021 |
| Credit of Shares to Demat Account | 02 Feb, 2021 |
| IPO Listing Date | 03 Feb, 2021 |
Home First Finance IPO Market Lot:
| Minimum Lot Size: | Minimum 28 Shares |
| Minimum Amount: | ₹ 14,504 |
| Maximum Lot Size: | Maximum 364 Shares |
| Maximum Amount: | ₹ 1,88,552 |
Home First Finance Company Financial:
| 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 |
Read Also:-
- Home First Finance Subscription Status
- Home First Finance Listing Date
- Home First Finance GMP
Home First Finance IPO Form:
How to apply the IRFC IPO? You can apply IRFC IPO via ASBA available in your bank account. Just go to the online bank login and apply via your bank account by selecting the IRFC IPO in the Invest section. The other option you can apply IRFC IPO via IPO forms download via NSE and BSE. Check out the IRFC forms - click NSE Forms & BSE Forms blank IPO forms download, fill and submit in your bank or with your broker.
About Home First Finance
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.
Home First Finance IPO Prospectus
- Home First Finance DRHP
- Home First Finance RHP
- Home First Finance DRHP
- Home First Finance RHP
Home First Finance Company Promoters:
- True North Fund V LLP and Aether (Mauritius) Limited
Home First Finance IPO Registrar:
Selenium Building, Tower-B, Plot No 31 & 32,Financial District,Nanakramguda, Serilingampally,Rangareddi, Telangana India - 500 032.Phone: 1-800-3454001Email: einward.ris@kfintech.comWebsite: https://karisma.kfintech.com/
Home First Finance IPO Lead Managers:
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Home First Finance Company Address:
Home First Finance Company India Limited
511, Acme Plaza,
Andheri Kurla Road, Andheri East, Mumbai, Maharashtra 400 059
Phone: +91 22 6694 0386
Email: corporate@homefirstindia.com
Website: www.homefirstindia.com
Home First Finance IPO FAQs:
1. When Home First Finance IPO will open for Anchor Investors?
The Anchor Investors bidding is January 2021.
2. When Home First Finance IPO will open for QIB, NII, and Retail?
The IPO to open on 21 January 2021 for QIB, NII, and Retail Investors.
3. What is Home First Finance IPO Investors Portion?
The investors' portion for QIB-50%, NII-10%, and Retail-35%.
4. How to Apply the Home First Finance IPO?
You can apply IRFC IPO via ASBA online via your bank account. You can apply ASBA online via UPI through your stock brokers. You can also apply via your stock brokers by filling up the offline form.
5. What is Home First Finance IPO Allotment Date?
IRFC IPO allotment date is 01 February 2021. You can check IPO allotment here.
