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Home First Finance IPO is a book build issue of ₹1,153.72 crores. The issue is a combination of fresh issue of 0.51 crore shares aggregating to ₹265.00 crores and offer for sale of 1.72 crore shares aggregating to ₹888.72 crores.
Home First Finance IPO bidding started from Jan 21, 2021 and ended on Jan 25, 2021. The allotment for Home First Finance IPO was finalized on Jan 29, 2021. The shares got listed on BSE, NSE on Feb 3, 2021.
Home First Finance IPO price band is set at ₹518.00 per share . The lot size for an application is 28. The minimum amount of investment required by an retail is ₹14,476 (28 shares). The lot size investment for sNII is 14 lots (392 shares), amounting to ₹2,03,056, and for bNII, it is 69 lots (1,932 shares), amounting to ₹10,00,776.
Axis Capital Ltd. is the book running lead manager and Kfin Technologies Ltd. is the registrar of the issue.
Refer to Home First Finance IPO RHP for detailed Information.
| IPO Date | January 21, 2021 to January 25, 2021 |
| Listing Date | February 3, 2021 |
| Face Value | ₹2 per share |
| Issue Price Band | ₹517 to ₹518 per share |
| Issue Price Final | ₹518 per share |
| Lot Size | 28 Shares |
| Sale Type | Fresh Capital-cum-Offer for Sale |
| Total Issue Size | 2,22,72,556 shares (aggregating up to ₹1,153.72 Cr) |
| Fresh Issue | 51,15,830 shares (aggregating up to ₹265.00 Cr) |
| Offer for Sale | 1,71,56,726 shares of ₹2 (aggregating up to ₹888.72 Cr) |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | 8,22,70,961 shares |
| Share Holding Post Issue | 8,73,86,791 shares |
Home First Finance IPO offers total 2,22,72,556 shares. Out of which 1,11,36,277 (50.00%) allocated to QIB, 44,54,511 (20.00%) allocated to QIB, 33,40,884 (15.00%) allocated to NII, 77,95,395 (35.00%) allocated to RII and 66,81,766 (30.00%) allocated to Anchor investors.
| Investor Category | Shares Offered | Maximum Allottees |
|---|---|---|
| QIB Shares Offered | 1,11,36,277 (50.00%) | NA |
| − Anchor Investor Shares Offered | 66,81,766 (30.00%) | NA |
| − QIB (Ex. Anchor) Shares Offered | 44,54,511 (20.00%) | NA |
| NII (HNI) Shares Offered | 33,40,884 (15.00%) | NA |
| Retail Shares Offered | 77,95,395 (35.00%) | 2,78,406 |
| Total Shares Offered | 2,22,72,556 (100.00%) |
Home First Finance IPO opens on January 21, 2021, and closes on January 25, 2021.
| IPO Open Date | Thu, Jan 21, 2021 |
| IPO Close Date | Mon, Jan 25, 2021 |
| Tentative Allotment | Fri, Jan 29, 2021 |
| Initiation of Refunds | Mon, Feb 1, 2021 |
| Credit of Shares to Demat | Tue, Feb 2, 2021 |
| Tentative Listing Date | Wed, Feb 3, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on Mon, Jan 25, 2021 |
Investors can bid for a minimum of 28 shares and in multiples thereof. The following table depicts the minimum and maximum investment by Individual Investors (Retail) and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,504 |
| Retail (Max) | 13 | 364 | ₹1,88,552 |
| S-HNI (Min) | 14 | 392 | ₹2,03,056 |
| S-HNI (Max) | 68 | 1,904 | ₹9,86,272 |
| B-HNI (Min) | 69 | 1,932 | ₹10,00,776 |
Note : The value will be calculated using Equity Dilution = Share Holding Pre Issue - Share Holding Post Issue
Home First Finance Company is an affordable housing finance company. The company primarily caters to the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.
The company has a diverse lead generation source channel including connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2020, the business has a strong branch network of 70 branches across 60 districts in 11 different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2020, it has serviced a total of 44,796 active loans.
Company Strengths
| 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 | |
The Company Home First Finance IPO proposes to utilise the Net Proceeds from the Issue towards the following objects:
| S.No. | Objects of the Issue | Expected Amount (₹ in crores) |
|---|---|---|
| 1 | Augmenting its capital base to meet our future capital requirements, arising out of the growth of our business and assets | |
| 2 | Achieve the benefits of listing of the Equity Shares on the Stock Exchanges |
[Dilip Davda] The company has posted growth in its top and bottom lines for the last three and a half fiscals which are indicative of likely trends going forward with its niche play. As affordable housing segment is set for a boom with Government of India’s drive of “HOME FOR ALL BY 2022†and HFFC focusing untapped class of first home buyers, investors may consider investing in this IPO with long term perspectives. Read detail review...
| Listing Date | February 3, 2021 |
| BSE Script Code | 543259 |
| NSE Symbol | HOMEFIRST |
| ISIN | INE481N01025 |
| Final Issue Price | ₹518 per share |
| BSE Listing Group | B |
Home First Finance Co.India Ltd.
511, Acme Plaza, Andheri Kurla Road
Andheri East, Mumbai
Andheri, Maharashtra
Phone: 91 22 6694 0386
Email: corporate@homefirstindia.com
Website: http://www.homefirstindia.com/
Kfin Technologies Ltd.
Phone: 04067162222, 04079611000
Email: hffcl.ipo@karvy.com
Website: https://ipostatus.kfintech.com/
Home First Finance IPO is a main-board IPO of 2,22,72,556 equity shares of the face value of ₹2 aggregating up to ₹1,153.72 Crores. The issue is priced at ₹518 per share. The minimum order quantity is 28.
The IPO opens on January 21, 2021, and closes on January 25, 2021.
Kfin Technologies Ltd. is the registrar for the IPO. The shares are proposed to be listed on BSE, NSE.
Zerodha customers can apply online in Home First Finance IPO using UPI as a payment gateway. Zerodha customers can apply in Home First Finance IPO by login into Zerodha Console (back office) and submitting an IPO application form.
Steps to apply in Home First Finance IPO through Zerodha
Visit Zerodha IPO Application Process Review for more detail.
The Home First Finance IPO opens on January 21, 2021 and closes on January 25, 2021.
Home First Finance IPO lot size is 28, and the minimum amount required for application is ₹14,504.
You can apply in Home First Finance IPO online using either UPI or ASBA as a payment method. ASBA IPO application is available in the net banking of your bank account. UPI IPO Application is offered by brokers who don't offer banking services. Read more detail about applying IPO online through Zerodha, Upstox, 5Paisa, Nuvama, HDFC Bank, and SBI Bank.
The finalization of Basis of Allotment for Home First Finance IPO will be done on Friday, January 29, 2021, and the allotted shares will be credited to your demat account by Tuesday, February 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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