Home First Finance Company India jumped 6.16% to Rs 518.85 after the company s net profit surged 150.8% to Rs 31 crore in Q4 FY21 from Rs 12 crore in Q4 FY20.
Total income during the quarter increased by 28.1% year-on-year (YoY) to Rs 136 crore. Disbursement in Q4 FY21 were at Rs 452 crore, up by 30.4% from Rs 347 crore in Q4 FY20. Collection efficiency has improved further to 98.5% in March 2021 from 97.6% in December 2020. Bounce rates have improved to 17.3% in Q4 FY21 from 20.1% in Q3 FY21.
Asset under management (AUM) registered a growth of 14.4% to Rs 4,141 crore in Q4 FY21 over Q4 FY20.
The housing financier reported 25.9% increase in net profit to Rs 100 crore on 16.6% rise in total income to Rs 489 crore in the year ended 31 March 2021 over the year ended 31 March 2020.
Shares of Home First Finance Company India were trading at Rs 587.95 at 10:12 IST on the BSE, at a premium of 13.50% over the initial public offer price of Rs 518.
The stock was listed at Rs 612.15, at a premium of 18.18% or 518 points to the initial public offer (IPO) price. So far the stock hit a high of Rs 639.50 and low of Rs 581. On the BSE, 7.73 lakh shares were traded on the counter so far.
The IPO of Home First Finance Company India was subscribed 26.66 times. The issue opened for subscription on 21 January 2021 and closed on 25 January 2021. The price band for the IPO was set at Rs 517-518 per share.
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).
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).