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The issue received bids for 41.64 crore shares as against 1.56 crore shares on offer.
The initial public offer (IPO) of Home First Finance Company India received bids for 41.64 crore shares as against 1.56 crore shares on offer on Monday (25 January 2021), according to the stock exchange data at 17:00 IST. The issue was subscribed 26.66 times.
The issue opened for subscription on Thursday (21 January 2021) and it will close today (25 January 2021). The price band for the IPO was set at Rs 517-518 per share.
The IPO consisted of fresh issue of equity shares aggregating to Rs 265 crore and an offer of sale of equity shares aggregating up to Rs 888.71 crore (including anchor portion of 66.81 lakh equity shares).
There is a flurry of activity in January.
Indices are at record highs.
New Delhi: There is a flurry of activity in the IPO market as it soaks up liquidity in a hurry fearing a big sell-off in the stock market before or after the presentation of the Union Budget on February 1.
The Rs 4,600 crore IRFC IPO opened on January 18 and has been oversubscribed. The IPO of Indigo Paints will open on Wednesday to the tune of Rs 1,000 crore.
The rush for IPOs in January in the beginning of 2021 is being linked to the momentum in the market which is a follow through from 2020, which saw an unstoppable bull run in the stock market breaking all records.
Home First Finance Company IPO Fully Subscribed On Day 2 Home First Finance s Rs 1,153.71-crore IPO comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and existing shareholders.
Updated: January 22, 2021 12:15 pm IST
Home First Finance Company s share sale via initial public offering (IPO) was oversubscribed on second day of the issue. Home First Finance Company s IPO was subscribed 1.31 times as of 12:00 pm, data from National Stock Exchange showed. Home First Finance Company received over 2 crore bids for its shares compared with 1.56 crore shares on offer. Portion reserved for qualified institutional buyers was subscribed 1.28 times and portion reserved for retail investors was subscribed 0.89 times.
The issue received bids for 1.62 crore shares as against 2.23 crore shares on offer.
The initial public offer (IPO) of Home First Finance Company India received bids for 1.62 crore shares as against 2.23 crore shares on offer on Thursday (21 January 2021), according to the stock exchange data at 17:30 IST. The issue was subscribed 0.73 times.
The issue opened for subscription on Thursday (21 January 2021) and it will close on Monday (25 January 2021). The price band for the IPO is set at Rs 517-518 per share. An investor can bid for minimum of 28 equity shares and in multiples thereof.
The IPO consists of fresh issue of equity shares aggregating to Rs 265 crore and an offer of sale of equity shares aggregating up to Rs 888.71 crore (including anchor portion of 66.81 lakh equity shares).