HomeFirst Finance, an affordable housing finance company, is coming out with an IPO from Jan 21, 2021 to Jan 25, 2021 in the price band of Rs 517 to Rs.518 per equity share with face value of Rs.2 per equity share. The share will be listed on NSE and BSE. The issue comprises of a fresh issue of Rs 265 crore along with an offer for sale of approx. Rs 888 cr. by promoters and existing shareholders including True North Fund V LLP, Aether (Mauritius) and Bessemer India Capital Holdings II and few other individuals.
The Company, Home First Finance, is primarily an affordable housing finance company dealing in housing loans for low and middle income groups. It offers loans for buying or constructing home, loans against property, developer finance loans along with loans to purchase commercial property.
The business sourcing is done through various channels including branch network of 65 branches across 60 districts in 11 different states and a union territory in India apart from connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2019, it has serviced a total of 37,086 active loans.
Promoters:
True North Fund V LLP
Aether (Mauritius) Limited
Company Financials:
Summary of financial Information (Restated Consolidated)
| 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 | |
Home First Finance IPO Details
| IPO Opening Date | Jan 21, 2021 |
| IPO Closing Date | Jan 25, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | ₹517 to ₹518 per equity share |
| Market Lot | 28 Shares |
| Min Order Quantity | 28 Shares |
| Listing At | BSE, NSE |
Important Dates for Home First Finance IPO
| IPO Open Date | Jan 21, 2021 |
| IPO Close Date | Jan 25, 2021 |
| Basis of Allotment Date | Jan 29, 2021 |
| Initiation of Refunds | Feb 1, 2021 |
| Credit of Shares to Demat Account | Feb 2, 2021 |
| IPO Listing Date | Feb 3, 2021 |