Incorporated in 2010, Home First Finance Company is an affordable housing finance company catering to the needs of low and middle-income groups, offering housing loans to construct and buy homes. As of September 30, 2019, Home First Finance had a network of 65 branches covering over 60 districts in 11 states and a union territory in India accounting for approximately 79% of the affordable housing finance market in the area served, with Gross Loan Assets of around Rs. 31,100 mn and around 37,000 Active Loan Accounts.
The company aims to raise around Rs. 1200 crores through the public offer comprising a fresh issue of equity shares worth Rs. 265 crores and offer for sale of shares worth around Rs. 900 crores. You can read the IPO Prospectus filed by the company for more information.
Indicative Timetable
| Event | Date |
|---|---|
| Issue Period | 21st January 2021 - 25th January 2021 |
| Price Range | 517 - 518 |
| Minimum Bid Quantity | 28 and in multiples thereof |
| Finalisation of Allotment | 29th January 2021 |
| Initiation of Refunds | 1st February 2021 |
| Credit of Shares | 2nd February 2021 |
| Listing | 3rd February 2021 |
How do I apply to the Home First Finance IPO?
You can apply for the Home First Finance IPO using any supported UPI app by following two steps:
- Enter your bid on Console
- Accept UPI mandate on your phone
On acceptance of the mandate, the bid amount will get blocked in your bank account. Click here to learn more.