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/
