Hello Readers!
The third IPO (Initial Public Offering) for the year 2021, has been launched today by the Home First Finance Company (HFFC) India Limited. This HFFC IPO opens up for a subscription today that is 21st January 2021 and will close on 25th January 2021.
Basic Details About The IPO!
The HFCC IPO is open for subscription from today. The price band for the IPO has been fixed at Rs 517-518 per share.
- 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
- 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
Objectives Of The New IPO!
The main objective behind the new IPO launched by HFFC is to raise and 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.
Tentative Dates For Events Of the New IPO!
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
The credit of Shares to Demat Acct: February 02, 2021
IPO Shares Listing Date: February 03, 2021
About The Company: Home First Finance Company India Limited!
Home First Finance Company India Limited is a technology-driven affordable housing finance company that targets first-time homebuyers in low and middle-income groups. The company offers housing loans for the construction or purchase of homes to salaried and self-employed professionals.
The home loans in the salaried segment account for a higher percentage of HFFC’s portfolio also caters to a significant market of self-employed professionals. The HFFC also offers loan against property, developer finance loans, and loans for purchasing commercial property.
HFFC has a wide network with around 70 branches across 60 districts in India. It has its prominent presence in states like Maharashtra, Gujarat, Karnataka, and Tamil Nadu. The HFFC leverages technology in various aspects like loan application processing, risk management, and efficient management of customer experience. HFFC has an excellent growth trajectory. It has key features like a paperless onboarding process, mobility solutions through dedicated mobile applications, and transparent loan-related transactions.
For any kind of query you can contact us at Shri Ashutosh Securities Pvt Ltd., we are here to help you in any way possible.
Happy Investing!
(Mutual Fund investments are subject to market risk Illustrations are for example only, there is no guarantee of returns. Past performance is not an indicator/guarantee to future returns).