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.
True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.
|Particulars||For the year/period ended (₹ in million)|
|Profit After Tax||529.53||792.49||452.04||159.96|
Objects of the Issue:
The net proceeds from the issue will be used for the following purposes.
- To augment the company’s capital base to meet future capital requirements.
- To achieve share listing benefits 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 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 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 up to 13 lots (364 shares or ₹188,552).
Home First Finance IPO Promoter Holding
|Pre Issue Share Holding||52.85%|
|Post Issue Share Holding||33.70%|
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.