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.
Home First Finance Company IPO to open for subscription on January 21, price band at Rs 517-518
In March last year, Home First Finance Company had received the approval from Sebi to launch its initial public offering. January 19, 2021 / 06:24 PM IST
Mumbai-based affordable housing finance company Home First Finance Company (HFFC) has decided to open its maiden public offer for subscription on January 21 with a price band at Rs 517-518 per share.
The Rs 1,153.72-crore public issue comprises a fresh issue of Rs 265 crore and an offer for sale of Rs 888.72 crore by promoters and existing shareholders.
The offer for sale consists of Rs 435.61 crore worth of shares by promoter True North Fund V LLP, Rs 291.28 crore shares by promoter Aether (Mauritius), and Rs 120.46 crore by investor Bessemer India Capital Holdings II, Rs 28.43 crore by PS Jayakumar, and Rs 12.92 crore by Manoj Viswanathan, as per the information available in newspapers.