Home First Finance Company is an affordable housing finance firm. The firm primarily caters to the low and middle-income groups by providing them housing loans to construct and purchase houses. It additional provides different loans like loans towards the property, developer finance loans, and loans to purchase the business property.
The firm has a various lead technology supply channel together with connectors, contractors, architects, affordable housing builders, and others. As on Sep 30, 2019, the enterprise has a powerful department community of 65 branches throughout 60 districts in 11 totally different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
The firm at present focuses on leveraging technology benefits within the area such as processing loan applications, risk administration, and managing buyer experience. It provides fast and clear mortgage transactions by way of its cell app. As on Sep 30, 2019, it has serviced a complete of 37,086 active loans.
Company Strengths
- Technology-driven affordable housing firm.
- Strong penetration within the largest housing finance market.
- Diversified lead supply channel.
- Experienced and certified managerial group.
Company Promoters:
True North Fund V LLP and Aether (Mauritius) Limited are the corporate promoters.
Company Financials:
| Particulars | For the year/interval 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 problem will probably be used in the direction of following purposes.
- To increase firm’s capital base to satisfy future capital requirement.
- To achieve share listing advantages on the exchange.
Home First Finance IPO Details
| IPO Opening Date | Jan 21, 2021 |
| IPO Closing Date | Jan 25, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹517 to ₹518 per equity share |
| Market Lot | 28 Shares |
| Min Order Quantity | 28 Shares |
| Listing At | BSE, NSE |
| Issue Size | [.] Eq Shares of ₹2 (aggregating as much as ₹1,153.72 Cr) |
| Fresh Issue | [.] Eq Shares of ₹2 (aggregating as much as ₹265.00 Cr) |
| Offer for Sale | [.] Eq Shares of ₹2 (aggregating as much as ₹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 could list on Feb 3, 2021.
| IPO Open Date | Jan 21, 2021 |
| IPO Close Date | Jan 25, 2021 |
| Basis of Allotment Date | Jan 29, 2021 |
| Initiation of Refunds | Feb 1, 2021 |
| Credit of Shares to Demat Account | Feb 2, 2021 |
| IPO Listing Date | Feb 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 as much as 13 lots (364 shares or ₹188,552).
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 28 | ₹14,504 |
| Maximum | 13 | 364 | ₹188,552 |
Home First Finance IPO Promoter Holding
| Pre Issue Share Holding | 52.85% |
| Post Issue Share Holding | 33.70% |
Home First Finance IPO Prospectus
Quick Note: Looking for the very best Demat and Trading account to begin your investing journey? Click here to open your account with one of the Stockbroker in India — Join Millions of Investors & Traders, Zero Brokerage on investing in shares and mutual funds, Instant Paperless on-line account opening. Start Now!!
Company Contact Information
Home First Finance Company India Ltd.
511, Acme Plaza, Andheri Kurla Road
Andheri East, Mumbai
Phone: 91 22 6694 0386
Email: corporate@homefirstindia.com
Website: http://www.homefirstindia.com/
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 Lead Manager(s)
- Axis Capital Limited
- Credit Suisse Securities (India) Private Limited
- ICICI Securities Limited
- Kotak Mahindra Capital Company Limited
Home First Finance IPO FAQs
- 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 as much as ₹1,153.72 Crores. The issue is priced at ₹517 to ₹518 per equity share. The minimal 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. - How to apply in Home First Finance IPO through Zerodha?