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, 2020, the business has a strong branch network of 70 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, 2020, it has serviced a total of 44,796 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.
Home First Finance IPO Details
| 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 |
| BSE Script Code | 543259 |
| NSE Symbol | HOMEFIRST |
| ISIN | INE481N01025 |
| Issue Size | Aggregating up to ₹1,153.72 Cr |
| Fresh Issue | Aggregating up to ₹265.00 Cr |
| Offer for Sale | Aggregating up to ₹888.72 Cr |
Home First Finance IPO Tentative Timetable
| PARTICULAR | DATE |
| IPO Open Date | Jan 21, 2021 |
| IPO Close Date | Jan 25, 2021 |
| Basis of Allotment Date | Jan 29, 2021 |
| IPO Listing Date | Feb 3, 2021 |
Home First Finance IPO Lot Size
| Application | Lots | Shares | Amount (Cut-off) |
|---|---|---|---|
| Minimum | 1 | 28 | ₹14,504 |
| Maximum | 13 | 364 | ₹188,552 |
Company Financials:
| PARTICULAR | 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 |
Company Promoters:
True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.
Registrar & Company Contact Information
| Company Contact Information | Home First Finance IPO Registrar |
| 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/ | KFintech Private Limited Selenium Building, Tower-B, Plot No 31 & 32, Financial District,Nanakramguda, Serilingampally, Rangareddi, Telangana India – 500 032. Phone: 1-800-3454001 Email: hffcl.ipo@karvy.com Website: https://karisma.kfintech.com/ |
