Home First Finance Company India Ltd.
- IPO Date21 Jan, 2021 to 25 Jan, 2021
- Listing Date03 Feb, 2021
- Face Value₹2 per share
- Issue Price₹517 to ₹518 per share
- Lot Size28 Shares
- Minimum Investment₹14,504
- Listing AtBSE, NSE
- Total Issue Size-
- Fresh Issue-
- Offer for Sale-
- Issue TypeBook Built Issue IPO
- Share holding pre issue-
- Shareholding post issue-
IPO Dates
Closing Date
25 Jan, 2021
Initiation of Refunds
02 Feb, 2021
Listing Date
03 Feb, 2021
21 Jan, 2021
Opening Date
29 Jan, 2021
Basis of Allotment
02 Feb, 2021
Credit of Shares
Home First Finance Company India Ltd. Lot Size
Investors can bid for a minimum of 28 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,504 |
| Retail (Max) | 13 | 364 | ₹1,88,552 |
Home First Finance Company India Ltd. Promoter Holding
True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.
| Pre Issue Share Holding | Post Issue Share Holding |
|---|---|
| 52.85% | 33.7% |
Home First Finance Company India Ltd. COMPANY INFORMATION
Home First Finance IPO is a book built issue of Rs 1,153.72 crores. The issue is a combination of fresh issue of Rs 265.00 crores and offer for sale of Rs 888.72 crores. Home First Finance IPO bidding started from January 21, 2021 and ended on January 25, 2021. The allotment for Home First Finance IPO was finalized on Friday, January 29, 2021. The shares got listed on BSE, NSE on February 3, 2021. Home First Finance IPO price band is set at ₹517 to ₹518 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,504. Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the book running lead managers of the Home First Finance IPO, while Kfin Technologies Limited is the registrar for the issue. Refer to Home First Finance IPO RHP for detailed information.
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.
FAQs About Home First Finance Company India Ltd.
Home First Finance Company India Ltd. will open on 21 Jan, 2021 and close on 25 Jan, 2021. Investors must apply within this period to participate.
The Home First Finance Company India Ltd. price band is set between ₹517.00 and ₹518.00 per share. The minimum lot size is 28, requiring an investment of at least ₹14504.00.
The Home First Finance Company India Ltd. shares are expected to be listed on 03 Feb, 2021, subject to regulatory approvals and final allotment.
You can track your Home First Finance Company India Ltd. application status on the registrar’s website: Link Intime or KFintech using your PAN, application number, or DP ID
The Home First Finance Company India Ltd. will be listed on major stock exchanges such as NSE and BSE, where you can trade shares once they are listed.