Home First Finance Company - IPO banner

Home First Finance Company - IPO

Home First Finance Company is an affordable housing finance company. The company primarily caters to the 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, affordable housing developers, and others. As on Sep 30, 2019, the business has a strong branch network of 65 branches across 60 districts in 11 different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.

The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2019, it has serviced a total of 37,086 active loans.

Company Strengths

  • Technology-driven affordable housing company.
  • Strong penetration in the largest housing finance market.
  • Diversified lead source channel.
  • Experienced and qualified managerial team.


Company Promoters

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

Company Financials

Particulars For the year/period ended (₹ in million)
Summary of financial Information (Restated Consolidated)
30-Sep-20
31-Mar-20
31-Mar-19
31-Mar-18
Total Assets 37,222 34,796 24,820 13,649
Total Revenue
2,432 4,197 2,709 1,342
Profit After Tax 530 792 452 160


Objects of the Issue

  • The net proceed from the issue will be used towards following purposes.
  • To augment company's capital base to meet future capital requirement.
  • To achieve share listing benefits on the exchange.

Issue Details

Home First Finance Company - IPO ISSUE OPENS
ISSUE OPENS
Thursday, January 21, 2021
Home First Finance Company - IPO ISSUE CLOSES
ISSUE CLOSES
Monday, January 25, 2021
Home First Finance Company - IPO Issue Price
ISSUE PRICE
Rs 517- Rs 518 Per Equity Share.
Home First Finance Company - IPO BID LOT
BID LOT
28 Equity shares & multiple of 28 Equity shares thereafter.
Home First Finance Company - IPO IPO size
IPO SIZE
Rs. 1,153.72 Cr
Home First Finance Company - IPO LISTING EXCHANGES
LISTING EXCHANGES
NSE & BSE
Home First Finance Company - IPO Allotment Date
ALLOTMENT DATE
Tentatively Monday, February 1, 2021
Home First Finance Company - IPO Ratio
RATIO
QIB 50% - Retail 35% - NIB 15%

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