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) | |||
|---|---|---|---|---|
| 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 |
Objects of the Issue
- To augment company’s capital base to meet future capital requirement.
- To achieve share listing benefits on the exchange.
Home First Finance IPO Details
| IPO Opening Date | JAN 21, 2021 |
| IPO Closing Date | JAN 25, 2021 |
| Issue Type | Book Built Issue IPO |
| Face Value | ₹2 per equity share |
| IPO Price | [517] to [518] per equity share |
| Market Lot | 28 Shares |
| Min Order Quantity | 28 Shares |
| Listing At | BSE, NSE |
| Issue Size | ₹1153.72 Cr. |
| Offer for Sale | 2,22,72,567 Eq Shares of ₹10 |
Home First Finance IPO
| IPO Open Date | JAN 21, 2021 |
| IPO Close Date | JAN 25, 2021 |
| Finalization of Basis of Allotment | JAN 29, 2021 |
| Initiation of Refunds | FEB 01, 2021 |
| Credit of Shares to Demat Account | FEB 02, 2021 |
| IPO Listing Date | FEB 03, 2021 |
Home First Finance IPO Lots Size & Price (Retail)
| Application | Lots | Shares | Amount ( Cut-Off) |
| Minimum | 1 | 28 | 14,504 |
| Maximum | 13 | 364 | 1,88,552 |
Home First Finance IPO: How To Apply
Promoters play a very important role in raising much-needed business revenue.
Apply For Home First Finance IPO Through ASBA
First, you should know what ASBA is. ASBA stands for Restricted Application Support. It is an application by the bank to apply for an IPO.
You apply with ASBA through the bank because initially, the bank covers the cost of purchasing the IPO. This amount is deducted from your account only after receiving IPO share shares in your Demat account.
All the major banks in the country are expanding the ASBA center. There are about 30 banks on the list, some of which are IDBI Bank Limited, Citi Bank, Punjab National Bank, etc.
The center may be expanded once they have been authorized to do so. These banks block the corresponding amount until the IPO allocation process is finalized.
Now, most of you are probably thinking about how to use the HFFL IPO with ASBA. The process can be completed online or offline for your convenience.
Apart from this, you can also bid for an HFFL IPO through your stockbroker’s online portal (such as Zerodha, Edelweiss, Motilal Oswal, etc.)
Company Contact Information
| Home First Finance Company India Ltd. 511, Acme Plaza, Andheri Kurla Road Andheri East, Mumbai Phone: 91 22 6694 0386 Email: corporate@homefirstindia.com Website: http://www.homefirstindia.com/ |
