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HFFC shares listing on BSE, NSE today: Grey market premium strong, bumper listing likely
The shares of Home First Finance Company will be listed on the BSE and National Stock Exchange (NSE) on Wednesday. The technology-driven affordable housing finance player likely to fetch at least 25 per cent premium when its debut. This means strong listing gains are expected.
The company s fundamentals are strong and has stable asset quality. Its IPO was subscribed 26.66 times.
The shares of Home First Finance Company are commanding a strong premium over the final issue price of 518 in the grey market. Shares were quoting a grey market premium of Rs 140 (almost 27 per cent) to trade at Rs 658 apiece just a day ahead of listing. The share is expected to list at around Rs 650-670.