The Home First Finance date has been confirmed from January 21 and ended on January 25
The black market is alive and well. The GMP is now in effect following the Budget, and we shall see how it impacts the listing of HFFC. The company plans to raise 1200 crore through an IPO. Check out the current Home First Finance IPO grey market premium, Kostak rates, and subject to sauda rates.
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Bidding Dates
January 21- 25
Price Range
₹517 to ₹518 per share
Face Value
₹2 per share
GMP
₹120
Home First Finance GMP
The Home First Finance IPO GMP is ₹[120].
IPO Overview
Home First Finance IPO is a book built issue of Rs 1,153.72 crores. The issue is a combination of fresh issue of Rs 265.00 crores and offer for sale of Rs 888.72 crores.
Home First Finance IPO bidding started from January 21, 2021 and ended on January 25, 2021. The allotment for Home First Finance IPO was finalized on Friday, January 29, 2021. The shares got listed on BSE, NSE on February 3, 2021.
Home First Finance IPO price band is set at ₹517 to ₹518 per share. The minimum lot size for an application is 28 Shares. The minimum amount of investment required by retail investors is ₹14,504.
Home First Finance IPO GMP Live Rates Day By Day With Kotak Rates
| Date | GMP | Kostak | Subject to |
| 03 FEB 2021 | 170 | 350 | 2000 |
| 02 FEB 2021 | 120 | 350 | 2000 |
| 01 FEB 2021 | 95 | 350 | 2000 |
| 31 JAN 2021 | 70 | 350 | 2000 |
| 30 JAN 2021 | 80 | 400 | 2000 |
| 29 JAN 2021 | 110 | 350 | 2000 |
| 28 JAN 2021 | 90 | 350 | 2000 |
| 27 JAN 2021 | 90 | 350 | 2000 |
| 26 JAN 2021 | 140 | 350 | 2000 |
| 25 JAN 2021 | 100 | 350 | 2000 |
| 24 JAN 2021 | 140 | 400 | 2500 |
| 23 JAN 2021 | 170 | 600 | 4000 |
| 22 JAN 2021 | 172 | 600 | 4000 |
| 21 JAN 2021 | 162 | 600 | 3000 |
| 20 JAN 2021 | 160 | 550 | 2500 |
| 19 JAN 2021 | 100 | 450 | 2500 |
| 18 JAN 2021 | 105 | 550 | 2500 |
| 17 JAN 2021 | 100 | ₹N/A | ₹N/A |
| 16 JAN 2021 | 120 | ₹N/A | ₹N/A |
| 15 JAN 2021 | 75 | ₹N/A | ₹N/A |
| 14 JAN 2021 | 70 | ₹N/A | ₹N/A |
Home First Finance IPO Date & Price Band Details
| IPO Date | January 21, 2021 to January 25, 2021 |
| Listing Date | February 3, 2021 |
| Face Value | ₹2 per share |
| Price Band | ₹517 to ₹518 per share |
| Lot Size | 28 Shares |
| Total Issue Size | [.] shares (aggregating up to ₹1,153.72 Cr) |
| Fresh Issue | [.] shares (aggregating up to ₹265.00 Cr) |
| Offer for Sale | [.] shares of ₹2 (aggregating up to ₹888.72 Cr) |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE, NSE |
Home First Finance IPO Market Lot
Investors can bid for a minimum of 28 shares and in multiples thereof. The below table depicts the minimum and maximum investment by retail investors and HNI in terms of shares and amount.
| Application | Lots | Shares | Amount |
| Retail (Min) | 1 | 28 | ₹14,504 |
| Retail (Max) | 13 | 364 | ₹188,552 |
Home First Finance IPO Allotment & Listing Dates
Home First Finance IPO opens on January 21, 2021, and closes on January 25, 2021.
| IPO Open Date | Thursday, January 21, 2021 |
| IPO Close Date | Monday, January 25, 2021 |
| Basis of Allotment | Friday, January 29, 2021 |
| Initiation of Refunds | Monday, February 1, 2021 |
| Credit of Shares to Demat | Tuesday, February 2, 2021 |
| Listing Date | Wednesday, February 3, 2021 |
| Cut-off time for UPI mandate confirmation | 5 PM on January 25, 2021 |
Home First Finance Company Financial Report
| Particulars | For the year/period ended (₹ in million) | ||||
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 37,221.96 | 34,796.11 | 24,820.05 | 13,649.42 | |
| Total Revenue | 2,431.93 | 4,196.57 | 2,709.21 | 1,342.37 | |
| Profit After Tax | 529.53 | 792.49 | 452.04 | 159.96 | |
Home First Finance IPO Reservation
Home First Finance IPO offers 15,620,948 shares. 4,463,127 (28.57%) to QIB, 3,347,346 (21.43%) to NII, 7,810,475 (50.00%) to RII. 278,945 RIIs will receive minimum 28 shares and (sNII) and (bNII) will receive minimum 392 shares. (in case of oversubscription)
| Investor Category | Shares Offered | Maximum Allottees |
| Anchor Investor Shares Offered | – | NA |
| QIB Shares Offered | 4,463,127 (28.57%) | NA |
| NII (HNI) Shares Offered | 3,347,346 (21.43%) | |
| Retail Shares Offered | 7,810,475 (50.00%) | 278,945 |
| Total Shares Offered | 15,620,948 (100%) |
Company Profile
Home First Finance Company is an affordable housing finance company. The company primarily caters to low and middle-income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property. The company has a diverse lead generation source channel, including connectors, contractors, architects, and affordable housing developers. As of September 30, 2020, the business has a strong branch network of 70 branches across 60 districts in 11 states and a union territory in India with a crucial presence in markets such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
The firm currently leverages technology benefits such as processing loan applications, managing customer experience, and managing risk. It offers quick and transparent loan transactions through its mobile app. As of September 30, 2020, it has serviced 44,796 active loans.
Registrar Info
| Name | Kfin Technologies Limited |
| Phone number | 04067162222, 04079611000 |
| Email ID | hffcl.ipo@karvy.com |
| Website | https://kosmic.kfintech.com/ipostatus/ |
Contact Details
| Name | Home First Finance Company India Ltd. |
| Phone number | +91 22 6694 0386 |
| Email ID | corporate@homefirstindia.com |
| Website | http://www.homefirstindia.com/ |
IPO Strenghts
- Experienced promoters and a competent management team.
- Well-established relationships with a loyal customer base.
- Access to markets worldwide, enabling global reach.
IPO Weakness
- Heavy reliance on customers based in the United States.
- Need to adhere to multiple laws and regulations in these countries to ensure compliance.
- Competition from other players in the market.
