Home First Finance Limited IPO (HFFL IPO)

Home First Finance IPO
HFFL IPO | Home First Finance IPO | HFFL IPO 2020 | Upcoming HFFL 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

ParticularsFor the year/period ended (₹ in million)
30-Sept-2031-Mar-2031-Mar-1931-Mar-18
Total Assets37,221.9634,796.1124,820.0513,649.42
Total Revenue2,431.934,196.572,709.211,342.37
Profit After Tax529.53792.49452.04159.96

Objects of the Issue

  • To augment company’s capital base to meet future capital requirement.
  • To achieve share listing benefits on the exchange.
HFFL IPO
Object Of The Issue

Home First Finance IPO Details

IPO Opening DateJAN 21, 2021
IPO Closing DateJAN 25, 2021
Issue TypeBook Built Issue IPO
Face Value₹2 per equity share
IPO Price[517] to [518] per equity share
Market Lot28 Shares
Min Order Quantity28 Shares
Listing AtBSE, NSE
Issue Size₹1153.72 Cr.
Offer for Sale2,22,72,567 Eq Shares of ₹10

Home First Finance IPO

IPO Open DateJAN 21, 2021
IPO Close DateJAN 25, 2021
Finalization of Basis of AllotmentJAN 29, 2021
Initiation of RefundsFEB 01, 2021
Credit of Shares to Demat AccountFEB 02, 2021
IPO Listing DateFEB 03, 2021

Home First Finance IPO Lots Size & Price (Retail)

ApplicationLotsSharesAmount ( Cut-Off)
Minimum12814,504
Maximum133641,88,552

Home First Finance IPO: How To Apply

Promoters play a very important role in raising much-needed business revenue.

How TO Apply For IPO
HFFL IPO

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
Websitehttp://www.homefirstindia.com/

LIST OF UPCOMING IPOs