Bookbuilding IPO | ₹1,154 Cr | Listed at BSE, NSE | Thu, Jan 21, 2021 - Mon, Jan 25, 2021
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 per share. The lot size for an application is 28. The minimum amount of investment required by an retail is ₹14,504 (28 shares) (based on upper price). 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 Open
Thu, Jan 21, 2021
IPO Close
Mon, Jan 25, 2021
Issue Price
₹518 per share
Market Cap (Pre-IPO)
₹4,526.64 Cr
| IPO Date | 21 to 25 Jan, 2021 |
| Listed on | Wed, Feb 3, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹517 to ₹518 |
| Issue Price | ₹518 per share |
| Lot Size | 28 Shares |
| Sale Type | Fresh capital cum OFS |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Total Issue Size | 2,22,72,556 shares (agg. up to ₹1,154 Cr) |
| Fresh Issue | 51,15,830 shares (agg. up to ₹265 Cr) |
| Offer for Sale | 1,71,56,726 shares of ₹2 (agg. up to ₹889 Cr) |
| Share Holding Pre Issue | 8,22,70,961 shares |
| Share Holding Post Issue | 8,73,86,791 shares |
| BSE Script Code / NSE Symbol | 543259 / HOMEFIRST |
| ISIN | INE481N01025 |
Home First Finance IPO comprises a total issue size of 2,22,72,556 shares. Out of which, 1,11,36,277 (50.00%) are allocated to QIB, 33,40,884 (15.00%) allocated to NII 77,95,395 (35.00%) allocated to RII.
| Investor Category | Shares Offered | % of Total Issue | Max 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% |
Investors can bid for a minimum of 28 shares and in multiples thereof.
| 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 |
Home First Finance IPO raises ₹346.12 crore from anchor investors. Home First Finance IPO Anchor bid date is January 20, 2021.
📝 Anchor Investors Letter (PDF)
| Bid Date | Wed, Jan 20, 2021 |
| Shares Offered | 66,81,766 |
| Anchor Portion (₹ Cr.) | 346.12 |
| Anchor lock-in period end date for 50% shares (30 Days) | Sun, Feb 28, 2021 |
| Anchor lock-in period end date for remaining shares (90 Days) | Thu, Apr 29, 2021 |
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
| Period Ended |
|---|
| Amount in ₹ Crore |
The Company proposes to utilise the Net Proceeds from the Issue towards the following objects:
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 |
The Home First Finance IPO is subscribed 26.66 times on January 25, 2021 5:00:00 AM (Day 3). The public issue subscribed 6.59 times in the retail category, 52.53 times in the QIB category, and 39 times in the NII category. Check Day by Day Subscription Details (Live Status)
| Category | Subscription (times) | Shares Offered | Shares bid for |
|---|---|---|---|
| QIB | 52.53 | 44,63,127 | 23,44,26,920 |
| NII | 39 | 33,47,346 | 13,05,51,904 |
| Retail | 6.59 | 78,10,475 | 5,14,58,120 |
| Total | 26.66 | 1,56,20,948 | 41,64,36,944 |
| # | Issue Expenses | Est Amt (₹ Cr.) |
|---|---|---|
| 1 | Book Running Lead Managersfees and commissions (including any underwriting commission, brokerageand selling commission) | 23.82 |
| 2 | Commission/processing fee for SCSBs, Sponsor Bank and Bankers to the Offer. Brokerage and selling commission and bidding charges for Members of the Syndicate, Registered Brokers, RTAs and CDPs | 4.70 |
| 3 | Fees payable to Registrar to the Offer | 0.15 |
| 4 | Other advisors to the Offer | |
| 5 | Fees payable to the Auditors | 3.14 |
| 6 | Regulatory filing fees, book building software fees, listing fees, etc.) | 4.13 |
| 7 | Printing and stationery | 2.40 |
| 8 | Fee payable to legal counsels | 6.98 |
| 9 | Advertising and marketing | 11.28 |
| 10 | Miscellaneous | 2.22 |
| Price Details | BSE | NSE |
|---|---|---|
| Final Issue Price | ₹518.00 | ₹518.00 |
| Open | ₹612.15 | ₹618.80 |
| Low | ₹521.65 | ₹522.00 |
| High | ₹639.50 | ₹640.00 |
| Last Trade | ₹527.40 | ₹527.55 |
Lead Manager Reports
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 ₹1,154 Crores. The issue is priced at ₹518 per share. The minimum order quantity is 28.
The IPO opens on Thu, Jan 21, 2021, and closes on Mon, Jan 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 Thu, Jan 21, 2021 and closes on Mon, Jan 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 Tue, Feb 2, 2021. Check the Home First Finance IPO allotment status.
The Home First Finance IPO listing date is on Wed, Feb 3, 2021.
