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The third IPO to hit the markets in 2021 is the Home First Finance Company (HFFC) India Limited IPO scheduled to be launched on January 21, 2021 (live on Groww now), and available for subscription until January 25, 2021. Here is all you need to know about the issue.

You can apply for IRFC  IPO on Groww easily via UPI. Go to IPO ( login to your account). There you would be able to see the list of all open IPOs. Select HFFC IPO and click on ‘Apply’. You would be able to invest in this IPO from January 21, 2020

Home First Finance Company India Limited IPO Details

IPO Date January 21, 2021 to January 25, 2021
Issue Type Book Built Issue IPO
Issue Size Rs.1,153.72 Crore
Fresh Issue Rs.265 Crore
Offer for Sale Rs.888.72 Crore
Face Value Rs.2 per equity share
IPO Price Rs.517 to Rs.518 per equity share
Market Lot 28 shares
Min Order Quantity 28 shares
Listing At BSE, NSE

Home First Finance Company India Limited IPO Tentative Timetable

Bid/Offer Launch date January 21, 2021
Bid/Offer Last date January 25, 2021
Basis of Allotment finalization date January 29, 2021
Initiation of Refunds February 01, 2021
Credit of Shares to Demat Acct February 02, 2021
IPO Shares Listing Date February 03, 2021

Objects of the Offer

Home First Finance Company India Limited proposes to utilize the net proceeds from the fresh issue for augmenting its capital base to meet its future capital requirements, arising out of the growth of its business and assets. 

About the Company – Home First Finance Company India Limited

Home First Finance Company India Limited is a technology-driven housing finance company with a clear focus on first-time homebuyers in the middle and low-income groups. The company offers housing loans for the construction or purchase of homes to salaried and self-employed professionals. While housing loans in the salaried segment account for a higher percentage of HFFC’s portfolio, it also caters to a significant market of self-employed professionals. Further, HFFC offers loans against property, developer finance loans, and loans for purchasing commercial property.

HFFC has a network of around 70 branches across 60 districts in India with a significant presence in Maharashtra, Gujarat, Karnataka, and Tamil Nadu. The company focuses on expanding its operations in geographical areas with significant demand for housing finance. It leverages technology in various aspects like loan application processing, risk management, and efficient management of customer experience. With a paperless process of onboarding new customers, mobility solutions through dedicated mobile applications, and transparent loan-related transactions, HFFC has managed to sustain an excellent growth trajectory.

FAQs

Q1. What is the Home First Finance Company India Limited IPO?

The Home First Finance Company India Limited IPO is a Main Board IPO for the issue of equity shares having the face value of Rs.2 totaling up to Rs.1,153.72 crores. The registrar for the IPO is KFintech Private Limited and the shares are proposed to be listed on the BSE and NSE.

Q2. What are the open and close dates of the Home First Finance Company India Limited IPO?

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The Home First Finance Company India Limited IPO opens on January 21, 2021, and closes on January 25, 2021.

Q3. What are the lot size and minimum order quantity of the Home First Finance Company India Limited IPO?

The lot size for the HFFC IPO is 28 shares and the minimum order quantity is 28 shares.

Q4. What are the allotment and listing dates of the Home First Finance Company India Limited IPO?

For the HFFC IPO, the allotment will be finalized by January 29, 2021. Further, the shares are expected to be credited to investors’ accounts by February 02, 2021.

Happy Investing!

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