Investors are spoilt for choice as companies are flocking the primary market to materialise their listing plans to cash in on the boom in the secondary market. January, especially, is proving to be a busy month as the IPO of Indian Railway Finance Corporation (IRFC) closed for subscription today. The IPO of Indigo paints, however, opened today while that of Home first finance will open tomorrow. Confused about which one to subscribe and which to miss? The price band of Indigo paints has been fixed at Rs 1,488-1,490 per share for the initial share sale. Mortgage financier Home First Finance Company has fixed a price band of Rs 517-518 a share for its initial share-sale.
Home First Finance Company IPO: Here are 10 things you should know before the issue
Home First is a technology-driven affordable housing finance company that targets first-time home buyers in low and middle-income groups. January 20, 2021 / 05:05 PM IST
Home First Finance Company, a technology-driven affordable housing finance company, is set to open its maiden public offer for subscription on January 21. This would be the third IPO in January 2021, after Indian Railway Finance Corporation, which closes today and Indigo Paints which is at present open for subscription.
The three-day public issue will close on January 25. The book running lead managers to the issue are Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital Company.
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.
Warburg Pincus raises stake in IPO-bound Home First Finance Company to 30.62%
In October last year, the private equity investor had picked up 25 percent stake in the Mumbai-based private lender for Rs 700 crore from existing marquee PE firm shareholders. January 14, 2021 / 03:54 PM IST
Global private equity firm Warburg Pincus has increased its stake in the IPO-bound Home First Finance Company (HFFC) by 5.03 percent
The leading affordable housing finance company, on January 14, announced that certain existing shareholders of the company have sold a part of their equity shareholding in the company to Orange Clove Investments B.V., an affiliate of the private equity funds managed by Warburg Pincus.