home first finance ipo

Home First Finance Company primarily caters to low and middle-income groups by offering home loans, loans against property, developer finance loans, and loans to buy commercial property. The business has a strong branch network of 65 branches across 60 districts in 11 different states and a union territory in India with a key presence in markets such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.

It offers quick and transparent loan transactions through its mobile app. As of Sept 30, 2019, it has serviced a total of 37,086 active loans.

Live Updates

None found


Company Promoters

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

Company Financials:

Summary of financial Information (Restated Consolidated)
ParticularsFor the year/period ended (₹ in million)
30-Sept-2031-Mar-2031-Mar-1931-Mar-18
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 proceeds from the issue will be used for the following purposes.

  1. To augment the company’s capital base to meet future capital requirements.
  2. To achieve share listing benefits 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 up to ₹1,153.72 Cr)
Fresh Issue[.] Eq Shares of ₹2
(aggregating up to ₹265.00 Cr)
Offer for Sale[.] Eq Shares of ₹2
(aggregating up to ₹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 may 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 up to 13 lots (364 shares or ₹188,552).

ApplicationLotsSharesAmount (Cut-off)
Minimum128₹14,504
Maximum13364₹188,552

Home First Finance IPO Promoter Holding

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

The finalization of the Basis of Allotment for Home First Finance IPO will be done on Jan 29, 2021, and the allotted shares will be credited to your Demat account by Feb 2, 2021. The Home First Finance IPO listing date is not yet announced. The tentative date of Home First Finance IPO listing is Feb 3, 2021.

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