Homefirst Finance IPO – Date, Price band, Allotment status, Details

HomeFirst Finance, an affordable housing finance company, is coming out with an IPO from Jan 21, 2021 to Jan 25, 2021 in the price band of Rs 517 to Rs.518 per equity share with face value of Rs.2 per equity share. The share will be listed on NSE and BSE. The issue comprises of a fresh issue of Rs 265 crore along with an offer for sale of approx. Rs 888 cr. by promoters and existing shareholders including True North Fund V LLP, Aether (Mauritius) and Bessemer India Capital Holdings II and few other individuals.

The Company, Home First Finance, is primarily an affordable housing finance company dealing in housing loans for low and middle income groups. It offers loans for buying or constructing home, loans against property, developer finance loans along with loans to purchase commercial property. The business sourcing is done through various channels including branch network of 65 branches across 60 districts in 11 different states and a union territory in India apart from connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2019, it has serviced a total of 37,086 active loans.

Promoters:

True North Fund V LLP Aether (Mauritius) Limited

Company Financials:

Summary of financial Information (Restated Consolidated)

Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	37,221.96	34,796.11	24,820.05	13,649.42
Total Revenue	2,431.93	4,196.57	2,709.21	1,342.37
Profit After Tax	529.53	792.49	452.04	159.96

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

Important Dates for Home First Finance IPO

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

Important Dates and Milestones for Home First Finance IPO

• Issue opens on Jan 21, 2021 and closes on Jan 25, 2021.
• The Allotment date for Home First Finance IPO issue is expected on Jan 29, 2021
• The amount for unsuccessful investor will get unblocked on Feb 01, 2021.
• The Shares of Home First Finance will get credited to Demat accounts on Feb 02, 2021
• The Shares of Home First Finance IPO will be listed on both NSE and BSE on Feb 03, 2021

Check Home First Finance IPO Allotment Status Online

The applicants can check their Home First Finance IPO Allotment Status on the Tentative Date of Allotment, normally scheduled at 3rd or 4th working day after the IPO Closure. SEBI has mandates timelines for completion of IPO Allotment and as such the entire process of allotment gets completed in a week after the IPO closure. The Tentative date for Home First Finance IPO Allotment Status is Jan 29, 2021. In case, the Subscription does not remain so great for Home First Finance IPO, the chances of getting share allotment for Home First Finance IPO is high. However, in case, the subscription figures remains high, the chances of getting one lot in retail will be fairly minimal. It has been observed that with over subscription, the demand for shares on the listing date remains very high. One can check Home First Finance IPO Allotment Status by following 3 simple steps

CHECK Home First Finance IPO ALLOTMENT STATUS

1. Visit to the website of RTA (Link Intime for this IPO) on a given Link specifically for checking Home First Finance IPO
2. Enter detail like PAN number or Demat Account number or Application number
3. Check status

What next after Home First Finance IPO

In case you are successful applicant, the share will get credited to your Demat account in next 1-2 days specifically before Listing date. As such, you are  free to keep or sell your allocated shares. In case, you have not received allotment, the amount blocked in your bank account will get unblocked.

CHECK Home First Finance IPO ALLOTMENT STATUS

Bid details for Home First Finance IPO

Price (in Rs.) Quantity

Subscription figures for Home First Finance IPO

Category	No. of shares offered	No. of shares bid for	Category Subscription
Qualified Institutional Buyers (QIBs)
Foreign Institutional Investors (FIIs)	–
Domestic Financial Institutions
Mutual Funds	–
Others	–
Non Institutional Investors
Corporates	–
Individuals (Other than RIIs)	–
Others	–
Retail Individual Investors (RIIs)
Cut Off	–
Price Bids	–
Employee Reserved
Employee (Cut off)	–
Employee (Price)	–
Reservation PortionShareholder	–	–
Reservation Portion Shareholder (Cut off)	–	–
Reservation Portion Shareholder (Price)	–	–
Total

FAQs for Home First Finance IPO

What is the date of Allotment for Home First Finance IPO?

Usually the entire allotment process gets completed within a week of IPO closure date. The Expected date of Allotment of Home First Finance IPO is Jan 29, 2021. One can check the allotment status on this date online through the below given link

CHECK Home First Finance IPO ALLOTMENT STATUS

How I need to pay for the shares?

Since this is an IPO through ASBA route, the amount for the applied shares will get blocked in the respective bank account. In case of allotment of shares, the amount get deducted from the bank account else get unblocked. The expected date of unblocking of this amount is the following date of allotment of shares. Now you can also subscribe the shares through UPI route. Apply here for Home First Finance IPO

When will I get my subscribed shares in my Demat account?

Usually, the allotted shares are credited to demat account atleast a day before listing which in this case Feb 01, 2021

When will the trading begins in the exchanges for Home First Finance shares?

The trading in shares of Home First Finance IPO begins on the listing day which is Feb 03, 2021. The trading begins simultaneously in both exchanges i.e. NSE and BSE

What will be the basis of allotment in Home First Finance IPO?

The basis of Allotment will be book building. As such, the priority of allotment will be given to subscribers with better price quotes. In case of same rate quotes or “cut off price” the allotment is on the basis of computerized lucky draw.

How can I check Home First Finance IPO allotment status?

Earlier is a lengthy and cumbersome process but now it is very simple and online way to check Home First Finance allotment status. All you need to do is to click on the below stated link and enter requisite details like application number, PAN number or DP client id. Please proceed to know Home First Finance IPO allotment status. Normally there is very high traffic at the time of checking IPO allotment status so one should be very calm and quite for extracting information from the given link

CHECK Home First Finance IPO ALLOTMENT STATUS Here

How will I get my refund amount, if shares are not allotted?

In case of unsuccessful investors who did not get the allotment, the amount will get unblocked in their bank account on Feb 01, 2021.

How to increase chances of allotment in case of Retail investor?

Since the basis of Allotment will ‘Book Building’, the price of application to be filled as ‘Cut off” which signified that the application will be applied as the lowest rate on which the allotment is made. As a retail investor, one should apply for one lot in multiple names. As such in case of over-subscription, each investor taken out of from a computerized lucky draw will be given one lot only. More name in that list increase chances of allotment as well.