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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.

Home First Finance Company India Ltd. Logo

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:

ParticularsFor the year/interval ended (₹ in million)
Total Assets37,221.9634,796.1124,820.0513,649.42
Total Revenue2,431.934,196.572,709.211,342.37
Profit After Tax529.53792.49452.04159.96

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 DateJan 21, 2021
IPO Closing DateJan 25, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price₹517 to ₹518 per equity share
Market Lot28 Shares
Min Order Quantity28 Shares
Listing AtBSE, 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 DateJan 21, 2021
IPO Close DateJan 25, 2021
Basis of Allotment DateJan 29, 2021
Initiation of RefundsFeb 1, 2021
Credit of Shares to Demat AccountFeb 2, 2021
IPO Listing DateFeb 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).

ApplicationLotsSharesAmount (Cut-off)

Home First Finance IPO Promoter Holding

Pre Issue Share Holding52.85%
Post Issue Share Holding33.70%

Home First Finance IPO Prospectus

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Company Contact Information

Home First Finance Company India Ltd.
511, Acme Plaza, Andheri Kurla Road
Andheri East, Mumbai

Phone: 91 22 6694 0386

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

Home First Finance IPO Lead Manager(s)

  1. Axis Capital Limited
  2. Credit Suisse Securities (India) Private Limited
  3. ICICI Securities Limited
  4. Kotak Mahindra Capital Company Limited

Home First Finance IPO FAQs

  1. 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.
  2. How to apply in Home First Finance IPO through Zerodha?

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