HFFC IPO:GMP, Issue Size, Issue price, IMP Dates.

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Home First Finance Company IPO is an affordable housing finance company and is all set to make a debut in the stock market with an issue size of 1153.72 Cr.   

HFFC IPO –Overview    

HFFC IPO Issue Date           21-25 January 2021          
HFFC IPO Opening Date           21 Jan 2021         
HFFC IPO Face Value           INR 2 per share           
HFFC IPO Price           INR 518 per share          
HFFC IPO Lot Size           28 Shares          
Issue Size           1,153.72 Cr          
Offer for sale           888.72   Cr 
Issue Type           Book built Issue IPO           
Listing At           BSE, NSE
QIB Shares Offered             52.53 times          
NII (HNI) Shares           39 times          
Company Promoters           True North Fund V LLP and Aether (Mauritius) Limited are the company promoters. 

HFFC IPO Limited IPO-Tentative Dates           

HFFC IPO opening date           21 Jan 2021             
HFFC IPO closing date           25 Jan 2021              
Basis of Allotment           29 Jan 2021          
Initiation of Refunds           1 Feb 2021              
The credit of Shares to Demat          2 Feb 2021           
HFFC IPO Listing Date           3 Feb 2021          

HFFC IPO – Industry Overview.          

The Indian housing finance market experienced a healthy growth in housing loan outstanding of approximately 20%over Fiscals 2015 to 2019 on account of a rise in disposable income, healthy demand and a greater number of players entering the segment. CRISIL Research expects housing loans outstanding to grow to ₹28.4 trillion by Fiscal 2022, at 15% CAGR in the next three years. With ticket sizes expected to remain stagnant, the growth in home loans is expected to be entirely volume-driven. First-time borrowers, who currently account for around 60% of the market by value and 70% by volume, would continue to drive the growth. 

HFFC IPO – Company Overview     

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. 

 HFFC IPO -Objectives           

  • To meet the working capital requirements of the business. 
  • To meet general corporate purposes. 

HFFC IPO – Financial Statements          

Particulars          31-Sept-20  31-Mar-20        31-Mar-19        
Total Assets          37,221.96 34,796.11 24,820.05 
Total Revenue          2,431.93 4,196.57 2,709.21 
Profit After Tax          529.53 792.49 452.04 

HFFC IPO – Strengths          

  • Technology-driven affordable housing company. 
  • Strong penetration in the largest housing finance market. 
  • Diversified lead source channel. 
  • Experienced and qualified managerial team. 

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 
Website: http://www.homefirstindia.com/ 

Home First Finance IPO Registrar 

KFin Technologies Limited 
Phone: 04067162222, 04079611000 
Email: hffcl.ipo@karvy.com 
Website: https://karisma.kfintech.com/ 


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