IPO

Home First Finance Company India Limited IPO

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Housing

Listed On: Feb 3, 2021 at ₹ 618.80

₹ 14504 /28 Shares

Check Allotment

21 Jan, 2021

Open Date

25 Jan, 2021

Close Date

01 Feb, 2021

Allotment Date

03 Feb, 2021

Listing Date
Price Summary

Last Closing

1,178.00 (127.41%)

52 Week High

1,519.00

52 Week Low

878.40

Last Update

19-Dec-2025 3:30 PM
IPO Issue Details
  • Issue Price ₹517-518 per equity share
  • Face Value ₹2 Per Equity Share 
  • Issue Price 2,22,72,586 Eq Shares of ₹2(aggregating up to ₹1,153.72 Cr)

    Fresh Issue: 51,15,830 Eq Shares of ₹2 (aggregating up to ₹265.00 Cr)

    Offer for Sale: 1,71,56,756 Eq Shares of ₹2 (aggregating up to ₹888.72 Cr)
  • Listing at BSE, NSE
  • List Price 618.80
  • Listing Date 2021-02-03
  • Lead Manager Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited
  • Registrar KFintech Private Limited
IPO Details
  • Retail Portion 35%
IPO Documents
DRHP
RHP
IPO Details


The IPO of is priced at ₹517-518 per equity share, which has a face value of ₹2 Per Equity Share  each, IPO bidding starts from Jan 21, 2021 and ends on Jan 25, 2021. The allotment for IPO will be finalized on Feb 1, 2021. IPO will be listed on BSE, NSE, with a tentative listing date fixed as Feb 3, 2021. The company shall list its equity shares on the BSE, NSE. KFintech Private Limited is the registrar of the issue.

The book-running lead manager for the IPO is/are Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited, Kotak Mahindra Capital Company Limited.


The IPO sets its price band at 517-518 for each share. A single application for Home First Finance Company India Limited IPO must contain at least 28 shares.

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IPO Subscription Analysis And Details
Retail
6.59x
QIB
52.52x
NII
39.00x
Total
26.66x
As on QIB NII Retail Total
Shares Offered / Reserved 44,63,127 33,47,346 78,10,475 1,56,20,948
Day 1 21-01-21 05:00 PM
1.28 x 0.13 1.29 x 1.04 x
Day 2 22-01-21 05:00 PM
1.35 x 0.61 3.40 x 2.21 x
Day 3 25-01-21 05:00 PM
52.52 x 39.00 6.59 x 26.66 x
Valuations
Earnings Per Share (EPS) ₹9.05/-
P/E Ratio 57.23
RoNW 10.9%
Net Asset Value (NAV) as on 30.06.20 ₹26.67
Company Financials
In Crs.
In Cr.
30-Sept-20 31-Mar-20 31-Mar-19 31-Mar-18
Assets 3,722.19 3,479.61 2,482.00 1,364.94
Revenue 243.19 41.965 270.92 134.23
Profit After Tax 52.95 79.24 45.20 15.99
About Company

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.

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- Promoter(s)

True North Fund V LLP

Aether (Mauritius) Limited

Pre Issue Share Holding : 52.85%

Post Issue Share Holding : 33.70%

IPO - Issue Objectives
1

To augment company's capital base to meet future capital requirement.

2

To achieve share listing benefits on the exchange.

IPO - Peers Comparison
P/B Ratio P/E Ratio RoNW Revenue(in Cr.)
Home First Finance Company India ltd. 19.42 57.23 10.9% 398.64
Aavas Financiers Limited 6.79 61.83 10.99% 902.54