Home First Finance IPO Review and Details

There are some new IPOs scheduled to be launched in 2021. One of the IPO is Home First Finance Company Ltd. It is going to be launched on 21st January 2021. HFF is planning to raise around Rs 1,153 crore from the public via Home first finance IPO. 

Home First Finance (HFF) Company’s earliest initial public offering (IPO) is about to start on 21st January 2021. This is the third IPO of the year after Indigo Paints and IRFC.

PS Jayakumar, Jaithirth Rao, and Manoj Viswanathan founded home First Finance Company in the year 2010. It is an affordable housing finance company that will mainly focus on middle-class people to fulfill their dreams. HFF provides house loans for the construction or purchasing of homes. This company has approved home loans to more than 40000 clients from different districts over the last few years. In the year 2020 September, HFF gross loan asset has increased at a CAGR of 63.4% in the financial year 2018-2020.

The company has various ways for lead generation, including builders, architects, etc. As of 30th September 2019, the company has multiple branches across 60 districts in different states. HFF is providing all the loan transactions via a mobile app.

Company Strengths

• Increasing perception in the biggest housing finance market
• It mainly provides loans in rural and urban areas between the low and middle-income families
• It has a well-diversified lead generation team
• It has an Expert management team
• It’s a tech-driven company giving transparent loan servicing

Company Promoters:

• True North Fund VLLP
• Aether(Mauritius) Ltd

Home First Finance IPO Information

Home FIrst Finance got the SEBI nod, at the beginning, of this month. The IPO is going to start from 21st January 2021 and close on 25th January 2021.

Home First Finance  IPO Listing Date & Company Details

Face Value	Rs 2 Per Equity Share
Price Band	Rs 517 to Rs 518 per share
Listing at	Both BSE and NSE
IPO Open	21st January 2021
IPO Close	25nth January 2021
IPO Size	Rs 1153.72 Crores
Retail Portion	35%
Issue Type	Book Built Issue IPO

Home First Finance IPO Market Lot:

Min Lot Size	28 shares
Min Amount	Rs 14504
Max Lot Size	364 Shares
Max Amount	Rs 188552

Home First Finance IPO Allotment Status

Basis of Allotment	29th January 2021
Initiation of Refund	01st February 2021
Credit to Demat Account	02nd February 2021
Ipo Share Listing	03rd February 2021

Purpose of Home First Finance IPO

The net income from the issue of shares via IPO will be used for the following purposes.

• To expand the company’s assets base and to satisfy the future capital requirement.
• To obtain stock listing advantages on the exchange.

Home First Finance Financial Statement

	31st March 2018(Rs in Million)	31st March 2019(Rs in Million)	31st March 2020(Rs in Million)	30 September 2020(Rs in Million)
Total Assets	13649.42	24820.05	34796.11	37221.96
Total revenue	1342.37	2709.21	4196.57	2431.93
Profit After Paying Tax	159.96	452.04	792.49	529.53

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