Home First Finance Company India Limited IPO

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Housing

Listed On: Feb 3, 2021 at ₹ 618.80

₹ 14504 /28 Shares

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Price Summary

Last Closing

1,139.50 (119.98%)

52 Week High

1,383.30

52 Week Low

776.65

Last Update

25-Nov-2024 3:30 PM

IPO Details

21 Jan, 2021

Open Date

25 Jan, 2021

Close Date

01 Feb, 2021

Allotment Date

03 Feb, 2021

Listing Date

Issue Price

₹517-518 per equity share

Face Value

₹2 Per Equity Share

Listing at Group

BSE, NSE

Registrar

KFintech Private Limited

List Price

618.80

Listing Date

2021-02-03

Market Lot

28 Shares (₹14,504/-)

Lead Manager

Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited

Issue Size

2,22,72,586 Eq Shares of ₹2(aggregating up to ₹1,153.72 Cr)

Fresh Issue: 51,15,830 Eq Shares of ₹2 (aggregating up to ₹265.00 Cr)

Offer for Sale: 1,71,56,756 Eq Shares of ₹2 (aggregating up to ₹888.72 Cr)

Retail Portion

35%

Subscription

26.66 times

IPO Docs

DRHP RHP

IPO Subscription Details

As on	QIB	NII	Retail	Total
Shares Offered / Reserved	44,63,127	33,47,346	78,10,475	1,56,20,948
Day 1 - 21-01-21 05:00 PM	1.28 x	0.13	1.29 x	1.04 x
Day 2 - 22-01-21 05:00 PM	1.35 x	0.61	3.40 x	2.21 x
Day 3 - 25-01-21 05:00 PM	52.52 x	39.00	6.59 x	26.66 x

Valuations

Earnings Per Share (EPS)

₹9.05/-

P/E Ratio

57.23

RoNW

10.9%

Net Asset Value (NAV) as on 30.06.20

₹26.67

Company Financials All values are in ₹ Cr.

	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Assets	3,722.19	3,479.61	2,482.00	1,364.94
Revenue	243.19	41.965	270.92	134.23
Profit After Tax	52.95	79.24	45.20	15.99

About The Company

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, 2019, the business has a strong branch network of 65 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.

	P/B Ratio	P/E Ratio	RoNW	Net Worth
Home First Finance Company India ltd.	19.42	57.23	10.9%	398.64
Aavas Financiers Limited	6.79	61.83	10.99%	902.54

IPO - Ratings

Angel Broking	Subscribe
ICICI Direct	None
Nirmal Bang	Subscribe
Axis Capital	None
Motilal Oswal	None
Choice Equity Broking Pvt Ltd	Subscribe
Canara Bank	None
Ventura Securities Limited	Subscribe

- Promoter(s)

Pre Issue Share Holding: 52.85%

Post Issue Share Holding: 33.70%

Company Promoter(s)

True North Fund V LLP
Aether (Mauritius) Limited

IPO - Issue Objectives

To augment company's capital base to meet future capital requirement.
To achieve share listing benefits on the exchange.

IPO - FAQs

Ans. Home First Finance Company India Limited IPO is a Mainboard IPO. The issue is priced at ₹517-518 per equity share. The minimum 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.

Ans. The Home First Finance Company India Limited IPO opens on Jan 21, 2021 and closes on Jan 25, 2021.

Ans. The size of Home First Finance Company India Limited IPO is 2,22,72,586 Eq Shares of ₹2(aggregating up to ₹1,153.72 Cr) Fresh Issue: 51,15,830 Eq Shares of ₹2 (aggregating up to ₹265.00 Cr) Offer for Sale: 1,71,56,756 Eq Shares of ₹2 (aggregating up to ₹888.72 Cr).

Ans. The IPO price band is set between ₹517-518 per equity share.

Ans. To apply for Home First Finance Company India Limited IPO IPO, follow the steps given below:

- Open the IPO Ji App or Website
- Find Home First Finance Company India Limited IPO in the List of IPOs
- Press "Apply" Button
- Select Your Demat Account
- Select Your Shares Quantity and Submit
- Track Your IPO Status

Ans. The share allotment date of Home First Finance Company India Limited IPO is Feb 1, 2021.

Ans. The Home First Finance Company India Limited IPO will be listed on Feb 3, 2021.

Ans. Follow the steps to check the allotment status for Home First Finance Company India Limited IPO here.