Warburg Pincus-backed Home First Finance Company IPO lists at 19% premium over the issue price
Navdeep YadavFeb 3, 2021, 10:55 IST
HFFC
Home First Finance Company stock listed at ₹618, which is at a 19% premium to the set IPO price band at ₹517-₹ 518 per share.
The company s market value expanded to ₹5,514 crore after the listing.
The HFFC listing comes two days after the annual budget where Finance Minister Nirmala Sitharaman promised to extend support for affordable housing.
Home First Finance Company is an affordable housing finance company, which offers housing loans for buying or construction of homes with a special focus on first-time homebuyers in lower range and middle-income groups.It was a decent debut for the ₹1,153 crore initial public offering (IPO) of the Warburg Pincus-backed, Home First Finance Company (HFFC) on the bourses today. The stock listed at ₹618, which is at a 19% premium to the set price band at ₹517-₹ 518 per share.