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.
URL copied
Home First Finance Company IPO opens: Check price band, important dates - Should you subscribe?
The IPO of mortgage financier Home First Finance Company (HFFC) opened for subscription today. The company has fixed a price band of Rs 517-518 a share for its initial share-sale. The subscription will close on January 25.
HFFC is the third IPO this year after Indian Railway Finance Corporation (IRFC) and Indigo Paints.
The anchor investors portion opened for subscription on January 20. It raised a little over Rs 346 crore from anchor investors ahead of its initial share-sale. A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. At this price, the company raised Rs 346.11 crore, according to a BSE circular.Â
Investors are spoilt for choice as companies are flocking the primary market to materialise their listing plans to cash in on the boom in the secondary market. January, especially, is proving to be a busy month as the IPO of Indian Railway Finance Corporation (IRFC) closed for subscription today. The IPO of Indigo paints, however, opened today while that of Home first finance will open tomorrow. Confused about which one to subscribe and which to miss? The price band of Indigo paints has been fixed at Rs 1,488-1,490 per share for the initial share sale. Mortgage financier Home First Finance Company has fixed a price band of Rs 517-518 a share for its initial share-sale.
Home First Finance Company IPO: Here are 10 things you should know before the issue
Home First is a technology-driven affordable housing finance company that targets first-time home buyers in low and middle-income groups. January 20, 2021 / 05:05 PM IST
Home First Finance Company, a technology-driven affordable housing finance company, is set to open its maiden public offer for subscription on January 21. This would be the third IPO in January 2021, after Indian Railway Finance Corporation, which closes today and Indigo Paints which is at present open for subscription.
The three-day public issue will close on January 25. The book running lead managers to the issue are Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital Company.
Complete your documentation now on the Instant Account Opening Page.
Terms and Conditions
1. The promotional offer for Free Demat and Trading Account is valid for all accounts activated between November 1st 2020 To November 30th 2020 only.
2. Demat and Trading Account opening fee worth Rs. 250 which is one-time payment will be waived off if account is activated between November 1st 2020 To November 30th 2020.
3. If the account is activated between November 1st 2020 To November 30th 2020, 100% of brokerage generated within 15 calendar days from the date of account opening would be refunded to the customer in the form of ledger credit as per the applicable offer at the time of account opening. (Note: Maximum Brokerage Reversal would be up to Rs. 1,000/-. The reversals will be done on the 15th of the next month.) (This offer shall be referred to as the “100% brokerage refund offer”)