Home First Finance is a moderate lodging finance organization that objectives first time home purchasers in low and center pay gatherings. The organization principally offers lodging advances for the buy or development of homes, which involved 91.5% of its Gross Loan Assets, starting at 30 September 2019. Its Gross Loan Assets have developed at a CAGR of 69.8% somewhere in the range of FY2017 and FY2019 and expanded from INR8,473.16 million starting at 31 March 2017 to INR31,133.76 million starting at 30 September 2019.
As of a similar date, 35.9% of its Gross Loan Assets were from clients who were new to credit. The normal ticket size of its lodging credits was INR1.02 million, with a normal advance to-esteem on Gross Loan Assets of 58.4%, starting at 30 September 2019. The organization serves salaried and independently employed clients. Salaried clients represent 72.6% of its Gross Loan Assets and independently employed clients represent 24.6% of Gross Loan Assets. It overhauled 37,086 dynamic advance records, starting at 30 September 2019.
Aside from lodging credits, the organization offers advances against property, designer finance advances and advances for acquisition of business property. Home First Finance works an organization of 65 branches covering more than 60 locale in 11 states and an association domain in India, with a huge presence in urbanized areas in the territories of Gujarat, Maharashtra, Karnataka and Tamil Nadu.
Subscription Dates | 21 – 25 January 2021 |
Price Band | INR517 – 518 per share |
Fresh issue | INR265 crore |
Offer For Sale | INR888.72 crore |
Total IPO size | INR1,153.72 crore |
Minimum bid (lot size) | 28 shares |
Face Value | INR2 per share |
Retail Allocation | 35% |
Listing On | NSE, BSE |
FY2018 | FY2019 | FY2020 | H1 FY2021 | |
Revenue | 134.2 | 270.9 | 419.7 | 243.2 |
Expenses | 110.0 | 205.7 | 312.4 | 172.8 |
Net income | 16.0 | 45.1 | 79.1 | 52.8 |
Net margin (%) | 11.9 | 16.6 | 18.8 | 21.7 |
Earnings Per Share (EPS): INR10.53
Price/Earnings (PE ratio): 49.1 – 49.2
Return on Net Worth (RONW): 10.9%
Net Asset Value (NAV): INR126.06 per share (30 Sep 2020)
Date | GMP (in INR) | Kostak (in INR) | Subject to Sauda (in INR) |
2 Feb 2021 | 120 | 300 | 2,100 |
1 Feb 2021 | 70 | 250 | 1,900 |
30 Jan 2021 | 70 | 250 | 1,800 |
29 Jan 2021 | 80 | 250 | 1,800 |
28 Jan 2021 | 100 | 300 | 2,000 |
Company Name | Listed On | Issue Price | Listing Day Close | Listing Day Gain |
Home First Finance Company India Ltd. | Feb 03, 2021 | 518 | 527.4 | 1.81 |
NSE : HOMEFIRST
BSE : 543259
ISIN CODE : INE481N01025
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IPO Opening Date: 21 January 2021
IPO Closing Date: 25 January 2021
Finalisation of Basis of Allotment: 29 January 2021
Initiation of refunds: 1 February 2021
Transfer of shares to demat accounts: 2 February 2021
Listing Date: 3 February 2021
Opening Price on NSE: INR618.8 per share (up 19.46% from IPO price)
Closing Price on NSE: INR527.55 per share (up 1.84% from IPO price)
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
KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222
Fax: +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com
Category | Shares offered | Subscription (no. of times, at 5 PM) | ||
Day 1 | Day 2 | Day 3 | ||
QIB | 4,463,127 | 1.28 | 1.35 | 52.52 |
NII | 3,347,346 | 0.12 | 0.60 | 38.99 |
Retail | 7,810,475 | 1.29 | 3.36 | 6.58 |
Total | 15,620,948 | 1.05 | 2.21 | 26.65 |
Home First Finance IPO is a main-board IPO of [.] equity shares of the face value of ₹2 aggregating up to ₹1,153.72 Crores. The issue is priced at ₹517 to ₹518 per equity share. The minimum order quantity is 28 Shares..The initial public offering (IPO) begins Jan 21, 2021 and ends on Jan 25, 2021..The registrar for the IPO is Link Intime India Private Ltd. The shares are proposed for listing on the BSE and NSE.
The Home First Finance IPO opens on Jan 21, 2021 and closes on Jan 25, 2021.
Home First Finance IPO lot size is 28 Shares and the minimum order quantity is 28 Shares.
Home First Finance IPO can be submitted online using either UPI or ASBA as a payment method. The ASBA IPO application is available in your bank’s net banking. Brokers who do not provide banking services provide UPI IPO applications..Learn more about online IPO applications from Zerodha, Upstox, 5Paisa, Edelweiss, ICICI Bank, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Home First Finance IPO will be done on Jan 29, 2021, and the allotted shares will be credited to your demat account by Feb 2, 2021. Check the Home First Finance IPO allotment status.
The Home First Finance IPO listing date is on Wednesday, February 3, 2021.
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