Home First Finance IPO - Grey Market, GMP & Reviews

IPO Details

Issue Date 21 Jan 2021 - 25 Jan 2021
Issue Size ₹1153.72 Cr
Issue Price ₹517-518
Market Lot 28 Shares
Shares on Offer
Registrar KFintech
GMP ₹65-70
Kostak ₹350-400
Subject to Sauda ₹1800-2000
Listing Date 03 Feb 2021
Listing Price ₹612.15
Listing Gain% 18.18

About Home First Finance Company India Limited

Home First is young housing finance company built on a single premise: we believe everyone should own their dream home. We blend technology and personalisation, so the loan process is easy and hassle-free. Simply put: our customers always come first.

They are a technology driven affordable housing finance company that target first time formal buyers in low & middle income groups. Through our paperless process to onboard customers efficiently, they ensure minimal disruption to a customer's daily routine.

Their vision is to Shape the future of Financing Homes, and empower people to live better!

Company Promoters

True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.

Company Financials

Particulars 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets (In ₹ Millions) 34,796.11 24,820.05 13,649.42
Total Revenue (In ₹ Millions) 4,196.57 2,709.21 1,342.37
Profit After Tax (PAT) (In ₹ Millions) 792.49 452.04 159.96

Grey Market Premium Updates

Date GMP Kostak Subject to Sauda
31 Jan 2021 ₹65-70 ₹350-400 ₹1800-2000
28 Jan 2021 ₹100-115 ₹300 ₹2000
26 Jan 2021 ₹130-135 ₹300-350 ₹1800
22 Jan 2021 ₹150-160 ₹400-450 ₹2800-3000
21 Jan 2021 ₹148-152 ₹550-600 ₹2500
19 Jan 2021 ₹90-100 ₹500-550 ₹2500

Strengths & Weaknesses

Strength
Profitable company and profit is increasing year on year since 2018 according to company financials.
Revenue of the company is increasing year on year since 2018 according to company financials.
Total assets of the company has increased almost 150% in 2020 in comparison to 2018.
Profitability is 10%+ since 2018
Well, it's a finance company and all the finance companies are doing really good these days!!
Weakness
The subject to sauda price is slightly lower than some of the ipos with big listings recently.

Home First Finance Company India Limited IPO Reviews

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Subscription Details

Date & Time QIB NII RII Total
Day 1 - 21 Jan 2021 1.28 0.13 1.29 1.04
Day 2 - 22 jan 2021 1.36 0.61 3.40 2.22
Day 3 - 25 Jan 2021 52.53 39.00 6.59 26.66

Allotment Status

Please click the link below to check the IPO allotment status.

IPO Allotment Status

Home First Finance Company India Limited IPO FAQs

  1. When will Home First Finance Company India Limited IPO open?

    Home First Finance Company India Limited IPO will open on 21 Jan 2021 and close on 25 Jan 2021.

  2. What is the listing date of Home First Finance Company India Limited IPO?

    Home First Finance Company India Limited IPO will list on 03 Feb 2021.

  3. What is the offer price of Home First Finance Company India Limited IPO?

    The offer price of Home First Finance Company India Limited IPO is ₹517-518.

  4. What is the lot size of Home First Finance Company India Limited IPO?

    The lot size of Home First Finance Company India Limited IPO is 28.

  5. What is the Grey Market Premium (GMP) price of Home First Finance Company India Limited IPO?

    The Grey Market Premium (GMP) price of Home First Finance Company India Limited IPO is ₹65-70.

  6. What is the Kostak price of Home First Finance Company India Limited IPO?

    The Kostak price of Home First Finance Company India Limited IPO is ₹350-400.

  7. What is the Subject to Sauda price for Home First Finance Company India Limited IPO?

    The Subject to Sauda price for Home First Finance Company India Limited IPO is ₹1800-2000.

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