Home First Finance IPO Review and Details

Home First Finance IPOHome First Finance IPO description – Home First Finance is an affordable housing finance company that targets first time home buyers in low and middle-income groups. The company primarily offers housing loans for the purchase or construction of homes, which comprised 91.5% of its Gross Loan Assets, as of 30 September 2019. Its Gross Loan Assets have grown at a CAGR of 69.8% between FY2017 and FY2019 and increased from INR8,473.16 million as of 31 March 2017 to INR31,133.76 million as of 30 September 2019.

As of the same date, 35.9% of its Gross Loan Assets were from customers who were new to credit. The average ticket size of its housing loans was INR1.02 million, with an average loan-to-value on Gross Loan Assets of 58.4%, as of 30 September 2019. The company serves salaried and self-employed customers. Salaried customers account for 72.6% of its Gross Loan Assets and self-employed customers account for 24.6% of Gross Loan Assets. It serviced 37,086 active loan accounts, as of 30 September 2019.

Apart from housing loans, the company offers loans against property, developer finance loans and loans for purchase of commercial property. Home First Finance operates a network of 65 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu.

Promoters of Home First Finance – True North Fund V LLP and Aether (Mauritius) Limited

Home First Finance IPO Date & Price Band:

 IPO Open: 21 January 2021
 IPO Close: 25 January 2021
 IPO Size: Approx ₹1200 Crore (Approx)
 Face Value: ₹2 Per Equity Share
 Price Band: ₹507 to ₹510 Per Share 
 Listing on: BSE & NSE
 Retail Portion: 35%
 Equity: 2,94,11,764 Shares

Home First Finance IPO Market Lot:

 Minimum Lot Size: Minimum 29 Shares
 Minimum Amount: ₹14790
 Maximum Lot Size: Maximum 377 Shares
 Maximum Amount: ₹192270

Home First Finance IPO Allotment & Listing:

 Basis of Allotment: 29 January 2021
 Refunds: 01 February 2021
 Credit to Demat Account: 02 February 2021
 Listing Date: 03 February 2021

Home First Finance Contact Details

Home First Finance Company India Limited
511, Acme Plaza,
Andheri Kurla Road, Andheri East, Mumbai, Maharashtra 400 059
Phone: +91 22 6694 0386
Email: corporate@homefirstindia.com
Website: www.homefirstindia.com

Registrar of Home First Finance IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: einward.ris@kfintech.com
Website: www.kfintech.com

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