Home First Finance Co.India Ltd. IPO
IPO Timeline
Category-wise Subscription
| Category | Sub (x) | Offered | Bid For | Amt (Cr)* |
|---|---|---|---|---|
| QIB | — | 11,136,277 (50%) | — | ₹57,686 Cr |
| NII (HNI) | — | 3,340,884 (15%) | — | ₹17,306 Cr |
| Retail | — | 7,795,395 (35%) | — | ₹40,380 Cr |
| Σ Total | — | 22,272,556 (100%) | — | ₹1,153,718 Cr |
Only available investor categories are shown. Amount is auto-calculated when shares offered and issue price are available.
Issue Details
Minimum Investment (Lot-wise)
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,504 |
| Retail (Max) | 13 | 364 | ₹188,552 |
| S-HNI (Min) | 14 | 392 | ₹203,056 |
| B-HNI (Min) | 67 | 1,876 | ₹971,768 |
Financial Statements Amount in Crore
| Metric | 30-Sept-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue | 243 | 420 | 271 |
| Profit After Tax | 53 | 79 | 45 |
| Total Assets | 3,722 | 3,480 | 2,482 |
Valuation & Key Ratios
Grey Market Premium (GMP)
GMP is an unofficial grey market indicator and does not guarantee actual listing price. Invest at your own risk.
Objects of the Issue
- 1 Augmenting its capital base to meet our future capital requirements, arising out of the growth of our business and assets –
- 2 Achieve the benefits of listing of the Equity Shares on the Stock Exchanges –
Company Overview
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, 2020, the business has a strong branch network of 70 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, 2020, it has serviced a total of 44,796 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.