Home First Finance Company IPO to open this week. Details here
Premium
1 min read
The IPO would be open for subscription on January 21 and close on January 25
Share Via
Read Full Story
The IPO of mortgage financier Home First Finance Company (HFFC) opens for public subscription on January 21 and closes on January 25. The company has fixed a price band of ₹517-518 a share for its initial share-sale. Home First Finance IPO will be the third IPO this year after Indian Railway Finance Corporation (IRFC) which is currently open for public subscription, and Indigo Paints, which would be launched on January 20.
The company proposes to utilise the net proceeds from the IPO towards augmenting its capital base, Home First Finance said in a statement.Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the offer
Mortgage financier Home First Finance Company (HFFC) on Tuesday fixed a price band of Rs 517-518 a share for its initial share-sale, which will open for public subscription on January 21. The IPO aggregating up to Rs 1,153.71 crore comprises a fresh issue of up to Rs 265 crore and an offer-for-sale aggregating up to Rs 888.71 crore by promoters and existing shareholders, the company said. The offer-for-sale consists of shares worth Rs 435.61 crore by promoter True North Fund V LLP, Rs 291.28 crore shares by promoter Aether (Mauritius), Rs 120.46 crore by investor Bessemer India Capital Holdings II Ltd and up to Rs 41.3 crore by two individual shareholders PS Jayakumar and Manoj Viswanathan.
Home First Finance sets IPO price band of ₹517-518 per share
January 19, 2021
IPO opens on Thursday, closes January 25
Global private equity firm Warburg Pincus-backed Home First Finance Company India Ltd (HFFC) has fixed a price band of ₹517-518 per share for its ₹1,153.72-crore initial public offering (IPO), which opens on Thursday
.
The offer comprises a fresh issue of up to ₹265 crore and an offer for sale (OFS) of up to ₹888.72 crore by promoters True North Fund V LLP and Aether (Mauritius) Ltd, existing investor Bessemer India Capital Holdings II Ltd and certain individual shareholders.
The offer will close on Monday, January 25.