Home First Finance IPO Review and Details

About Home First Finance Company

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 Assets13649.4224820.0534796.1137221.96
Total revenue1342.372709.214196.572431.93
Profit After Paying Tax159.96452.04792.49529.53

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 ValueRs 2 Per Equity Share
Price BandRs 517 to Rs 518 per share
Basis of Allotment29th January 2021
Initiation of Refund01st February 2021
Credit to Demat Account02nd February 2021
Ipo Share Listing03rd February 2021

Home First Finance IPO Market Lot

Here are the First Finance IPO Market Lot details

Face ValueRs 2 Per Equity Share
Price BandRs 517 to Rs 518 per share
Min Lot Size28 shares
Min AmountRs 14504
Max Lot Size364 Shares
Max AmountRs 188552

Home First Finance IPO Allotment Status

Here is the Home First Finance IPO Allotment Status

Face ValueRs 2 Per Equity Share
Price BandRs 517 to Rs 518 per share
Listing atBoth BSE and NSE
IPO Open21st January 2021
IPO Close25nth January 2021
IPO SizeRs 1153.72 Crores
Retail Portion0.35
Issue TypeBook 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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