Fund managers were seen subscribing to shares worth Rs 927 crore in the IRFC IPO. They bought Rs 143 crore worth of shares in Indigo Paints, Rs 117.82 crore in Home First Finance IPO and Rs 50 crore in the Stove Kraft offering.
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.
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HFFC shares listing on BSE, NSE today: Grey market premium strong, bumper listing likely
The shares of Home First Finance Company will be listed on the BSE and National Stock Exchange (NSE) on Wednesday. The technology-driven affordable housing finance player likely to fetch at least 25 per cent premium when its debut. This means strong listing gains are expected.
The company s fundamentals are strong and has stable asset quality. Its IPO was subscribed 26.66 times.
The shares of Home First Finance Company are commanding a strong premium over the final issue price of 518 in the grey market. Shares were quoting a grey market premium of Rs 140 (almost 27 per cent) to trade at Rs 658 apiece just a day ahead of listing. The share is expected to list at around Rs 650-670.
The Rs 1,153 crore-initial public offering (IPO) of mortgage lender Home First Finance Company India Limited was subscribed 26.57 times overall as of 4 pm on Monday (January 25), the last day of bidding. The issue has received bids for 41.52 crore equity shares against an offer size of more than 1.56 crore shares, according to data available on the exchanges.Get latest Market online at cnbctv18.com
Read more about Home First Finance IPO: Strong growth prospects justify higher valuations on Business Standard. Most analysts believe the company has a long growth runway given its small size and the niche market it caters to