Amidst Market Fall, Home First IPO sees stellar response; subscribed 27x on Final Day
Posted On: 2021-01-25 09:35:51 (Time Zone: Arizona, USA)
Home First Finance Company India Ltd, a technology driven affordable housing finance company catering to the lower and middle income group s housing finance needs, received bids of 41,42,65,488 shares against the offered 1,55,90,790 shares, as per the 5:00 pm data available on the bourses. The portion reserved for retail investors was subscribed 6.60 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 52.63 and 39.08 times respectively on Day 3 of the issue opening.
Brokerage houses such as Motilal Oswal, Angel Broking, Nirmal Bang, Ventura Securities, Choice,Canara Bank Securities and Insec were positive towards the IPO. The reports highlighted key strengths of the companies like focused digital adoption, ability to successfully identify new regions and grow business, driven growth by substant
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cautious. the numbers are strong. i agree it s an opportunity to buy because this market fall is based on fear. chris, one of the things that people had been getting ahead of themselves, the market, the start of january to february, has been very strong. through the shut down, we ve had double digit advances in all the major averages. so obviously they are looking at this, chris and saying we can deal with this. can you? absolutely, this is where the rubber meets the road. trade a 1.7 million contracts every day. one contract covers $130,000 of stocks. so people have to be wondering, where is the bottom, how can i get out. this is why this place is here. the stock market is closed, if you the futures markets continue to go. we ll trade all night long. i don t think we had 17 days in a row where we rallied. close to 15%.
what cause what s behavior when. my view is that the president is going to do this. let it play out. let it see. i do think the big issue of the trump years is forgotten working man and women, the blue collar worker that was left out of the rally and hasn t had a pay raise in 10 or 15 years neil: i don t know if this is the way to fix it. that s all i m saying. but i don t know if it s not. that s my point, neil. i was taught not to believe in tariffs. taught classic economic theory tariffs backfire. i don t think we have enough knowledge neil: we have a lot of knowledge and data. i think we do. and the history isn t really good on it. i think the last time we did something like this was it really trigger add depression and a market fall that the likes of which we haven t seen in a generation. the last time 2002 when george bush did it and did not trigger neil: because they pulled it away. the beginning of the trade
economy to have a president calling out members of congress as little so and so, to have a president who is constantly making up his own facts, which is another way of saying lying. this just isn t good. it does not instill confidence in the country or in the world about the functioning of our government. and i don t know whether that had anything to do with today s market fall. i think it didn t have much if it had anything to do with it, but i think it s not good. i think it leaves us less room for error, and i think it makes people more nervous that if there is a crisis this white house isn t going to be able to deal with it. say what you will about the obama administration and the george w. bush administration. they were very different. both of them were extremely serious about dealing with the financial crisis. and it would have been much, much worse if they had not dealt with it the way they had. i don t see any reason to have confidence that this administration will be able to d