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Analysts said the housing finance company has reported a strong set of numbers over the last couple of years.
NEW DELHI: Home First Finance s ongoing initial public offer (IPO) was subscribed more than one time on the second day of the bidding process so far.
The Rs 1,153.71-crore issue received bids for 1,94,86,544 shares, which was 1.25 per cent of the issue size of 1,56,20,948 shares. The housing finance company (HFC) had on Wednesday raised a little over Rs 346 crore from 25 anchor investors.
On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue of shares worth Rs 265 crore. A price band of Rs 517-518 is fixed for the issue. Investors can bid for a minimum of 28 equity shares, and in multiples thereafter.
Karnataka
India
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