Home First Finance Company’s IPO Opens on January 21, Closes on 25

Home First Finance Company
Share on facebook
Share on twitter
Share on linkedin
Share on whatsapp
Share on telegram

Home First Finance Company (HFFC) will open its public offer for subscription on January 21 with a price band at Rs 517-518 per share. The public issue will close on January 25. The bids can be made for a minimum of 28 equity shares and in multiples of 28 shares thereafter. In March last year, HFFC had received approval from Sebi. The Rs 1,153.72-crore public issue comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and existing shareholders.


The offer opens for subscription:  January 21

Offer closes for subscription: January 25

Price band: Rs 517-518 per share

Bids can be made for a minimum of 28 shares

Verdict: Neutral


As of September 2020, the company had an AUM of Rs 3,730 crore with a net worth of Rs 988 crore and a gross NPA of 0.74 percent. Earlier this month, private equity firm Warburg Pincus raised its stake by 5.03 percent to 30.62 percent.

HFFC is a Mumbai-based affordable housing finance company, founded in 2010. The company provides home loans to customers from low and middle-income groups. Over the last 10 years, Home First has sanctioned home loans to more than 50,000 customers in 60 districts, across 11 states. Gujarat state contributed the maximum at 39 percent to gross loan assets, followed by Maharashtra (21 percent), Tamil Nadu (10.5 percent), Karnataka (9.3 percent), Rajasthan (5.1 percent), and Telangana (5.0 percent).

This will be the third IPO in 2021.

About the author: IE&M Team
IE&M Team
Indian Economy & Market is an Indian media and information platform producing data-backed news and analysis on all the vital elements at the intersection of the economy, stock markets, mutual fund, insurance, commodities, currency, technology, startups and business.

More articles by the author

Leave a Comment

Your email address will not be published. Required fields are marked *

Table of Contents