Home First Finance IPO

Home First Finance IPO Dates, price band, details

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Home First Finance IPO is all set to hit Dalal street on 21 January 2021. The company aims for an issue size of ₹1200 Crore through this IPO.

Also read: IPO List 2021: a complete list of IPOs in 2021

Home First Finance Company India Ltd.

Home First Finance is an affordable housing finance company that targets first-time homebuyers in low and middle-income groups. The company primarily offers housing loans for the purchase or construction of homes, which comprised 91.5% of its Gross Loan Assets, as of 30 September 2019. Its Gross Loan Assets have grown at a CAGR of 69.8% between FY2017 and FY2019 and increased from INR8,473.16 million as of 31 March 2017 to INR31,133.76 million as of 30 September 2019.

As of the same date, 35.9% of its Gross Loan Assets were from customers who were new to credit. The average ticket size of its housing loans was INR1.02 million, with an average loan-to-value on Gross Loan Assets of 58.4%, as of 30 September 2019. The company serves salaried and self-employed customers. Salaried customers account for 72.6% of its Gross Loan Assets and self-employed customers account for 24.6% of Gross Loan Assets. It serviced 37,086 active loan accounts, as of 30 September 2019.

Apart from housing loans, the company offers loans against property, developer finance loans, and loans for the purchase of commercial property. Home First Finance operates a network of 65 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka, and Tamil Nadu.

Objective of the Issue

  • To augment the company’s capital base to meet future capital requirements.
  • To achieve share listing benefits on the exchange.

Competitive strength

  • Strong penetration in the largest housing finance market.
  • Experienced and qualified managerial team.
  • Technology-driven affordable housing company.
  • Diversified lead source channel.

Basic details about the company

Full nameHome First Finance Company India Ltd
Company Websitewww.homefirstindia.com

Dates to remember

IPO Open21 January 2021
IPO Close25 January 2021
Basis of Allotment29 January 2021
Refunds date01 February 2021
Credit to Demat Account02 February 2021
 Listing Date03 February 2021

IPO details

Issue typeBook Built Issue IPO
IPO issue size₹1,200 Crore
Number of shares offered59,995,115 Shares
Face value₹2 per equity share
Price band₹517-₹518 per equity share
Retail portion35%
Lot size28 Nos
Minimum application1 lot – 28 shares
Maximum application13 lot – 364 shares
Minimum application amount₹14,504
maximum application amount₹188,552
Listing ExchangeBSE, NSE

Financial summary

Home First Finance’s financial performance (in INR crore)
 FY2018FY2019FY2020H1 FY2021
Net income16.
Net margin (%)11.916.618.821.7

Valuation of Home First Finance (as of FY2020)

Earnings Per Share (EPS)₹10.53
Price/Earnings (PE ratio)49.1 – 49.2
Return on Net Worth (RONW)10.9%
Net Asset Value (NAV)₹126.06 per share (30 Sep 2020)

Company Promoters

  • True North Fund V LLP
  • Aether (Mauritius) Limited
Pre Issue Share Holding52.85%
Post Issue Share Holding33.70%

Home First Finance IPO Lead Managers

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

Registrar of Home First Finance IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com

Company Contact Details

Home First Finance Company India Limited
511, Acme Plaza,
Andheri Kurla Road, Andheri East, Mumbai, Maharashtra 400 059
Phone: +91 22 6694 0386
Email: corporate@homefirstindia.com
Website: www.homefirstindia.com

Home First Finance IPO Subscription Status

CategoryDay 1D 2D 3

Home First Finance IPO Allotment Status

Home First Finance IPO allotment status will be available on KFin Technologies’ website.

Click on this link to get allotment status.

Final thoughts

Home First Finance IPO is going to hit Dalal street soon. applying for IPO is purely a personal choice. study well about the company and do subscribe if you are feeling good about the company. I hope this post gave you enough details to make a fundamental study of the company. learn well and make a wise decision

Happy Investing

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  1. Pingback: IPO List 2021: a complete list of IPOs in 2021 - finvestfox.com

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