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.
Synopsis
Home First Finance s IPO had received bids for 41,64,36,944 shares against 1,56,20,948 shares on offer, according to NSE data.
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The Home First Finance IPO, bidding for which closed on January 25, was subscribed 26.66 times.
NEW DELHI: Home First Finance Company made a decent market debut on Wednesday, as the scrip got listed at Rs 612.15 on BSE, an 18.18 per cent premium over its issue price of Rs 518. On NSE, the stock debuted at Rs 619.80, a premium of 19.46 per cent.
The Home First Finance IPO, bidding for which closed on January 25, was subscribed 26.66 times. The issue had received bids for 41,64,36,944 shares against 1,56,20,948 shares on offer, according to data available with NSE.
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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.
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