Home First Finance Company India Limited

Home First Finance Company India Limited IPO Review

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

Listing Performance of Home First Finance Company India Limited IPO

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 Company India Limited IPO FAQ's

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.

Home First Finance Company India Limited IPO Comments