About Home First Finance Company
Table of Contents
Many new IPOs are going to be launched in 2021. One of them is the Home First Finance IPO. It will be launched on 21st January 2021. HFF is planning to raise around Rs 1,153 crore from the public issue. This is the third IPO of the year 2021.
Home First Finance Company is an affordable housing finance company. The company mainly provides loans for middle-class people to construct or to buy homes. They are also providing loans like loans against property, developer finance loans, and loans to purchase commercial property.
The Home First Finance Company was founded by PS Jayakumar, Jaithirth Rao, and Manoj Viswanathan in 2010. Till now, the company has provided loans for more than 40000 customers from different states. It has multiple branches in India(Gujrat, Maharashtra, Karnataka, and Tamilnadu)
Home First Finance Company filed for Draft Red Herring Prospectus with SEBI in 2019 and want to launch their IPO in 2020, but they have launched this year due to the pandemic situation. According to the SEBI terms and conditions, the company can float its IPO till march 2021.
Also Read: Know How to Apply For IPO In Zerodha Console
Company Strengths
- Tech-driven and affordable housing finance company.
- Intense perception in the housing finance market.
- Diversified lead generation team.
- Well-Experienced management team.
Purpose of Home First Finance IPO
The income from the shares issued via IPO will be used for the following objectives.
- To expand the company’s assets
- To meet the future capital requirement.
- To get stock listing advantages on the exchange.
Home First Finance Financial Statement
Here is the Home First Finance Financial Statement
| 31st March 2018(Rs in Million) | 31st March 2019(Rs in Million) | 31st March 2020(Rs in Million) | 30 September 2020(Rs in Million) | |
|---|---|---|---|---|
| Total Assets | 13649.42 | 24820.05 | 34796.11 | 37221.96 |
| Total revenue | 1342.37 | 2709.21 | 4196.57 | 2431.93 |
| Profit After Paying Tax | 159.96 | 452.04 | 792.49 | 529.53 |
Home First Finance IPO Information
Home First Finance is all about to start from 21st January 2021 and close on 25th January 2021.
Home First Finance IPO Listing Date & Company Details
Here are the Home First Finance IPO Listing Date & Company Details
| Face Value | Rs 2 Per Equity Share |
| Price Band | Rs 517 to Rs 518 per share |
| Basis of Allotment | 29th January 2021 |
| Initiation of Refund | 01st February 2021 |
| Credit to Demat Account | 02nd February 2021 |
| Ipo Share Listing | 03rd February 2021 |
Home First Finance IPO Market Lot
Here are the First Finance IPO Market Lot details
| Face Value | Rs 2 Per Equity Share |
| Price Band | Rs 517 to Rs 518 per share |
| Min Lot Size | 28 shares |
| Min Amount | Rs 14504 |
| Max Lot Size | 364 Shares |
| Max Amount | Rs 188552 |
Home First Finance IPO Allotment Status
Here is the Home First Finance IPO Allotment Status
| Face Value | Rs 2 Per Equity Share |
| Price Band | Rs 517 to Rs 518 per share |
| Listing at | Both BSE and NSE |
| IPO Open | 21st January 2021 |
| IPO Close | 25nth January 2021 |
| IPO Size | Rs 1153.72 Crores |
| Retail Portion | 0.35 |
| Issue Type | Book Built Issue IPO |
Company Promoters
- True North Fund VLLP
- Aether(Mauritius) Ltd
FAQs
What is an IPO?
The company launches its stocks to the general public for the first time via IPO. They will use these funds for the company expansion and debt clearance.
What are the allotment and listing dates of the Home First Finance IPO?
For the HFFC IPO, the allotment date will be 29th January 2021, and the expected date to be credited to investors’ accounts by 2nd February 2021.
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