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) LimitedCompany 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 stepsCHECK Home First Finance IPO ALLOTMENT STATUS
- Visit to the website of RTA (Link Intime for this IPO) on a given Link specifically for checking Home First Finance IPO
- Enter detail like PAN number or Demat Account number or Application number
- 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 |
