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Home First Finance IPO: IPO to open on January 21, shares worth Rs 517-518; Check complete details

Home First Finance IPO Detail: Mumbai based Affordable Housing Finance Company Home First Finance is bringing the third IPO of the year 2021.

Home First Finance IPO Detail: Mumbai-based affordable housing finance company Home First Finance is coming with the third IPO of the year 2021. The company’s IPO will open on 21 January this week. This issue of Home First Finance Company will be about 1154 crores. The price band for this IPO has been fixed at Rs 517-518. Investments can be made in this IPO from January 21 to January 25. Let us know that the IPO of IRFC has opened on January 18, while the IPO of Indigo Paint will open on January 20. Home First Finance’s IPO will be the third IPO of the year. In view of the boom in the IPO market last year, soon more companies are going to bring their issue.

265 crore fresh equity shares will be issued in the Home First Finance IPO. At the same time, in this IPO, shares of Rs 888.72 crore will be offered through the company’s promoters offer for sale. Through this IPO, the investors of the company will reduce their stake in True North, Singapore’s Wealth Wealth Fund GIC, Bessemer Venture Partners and the company’s founder PS Jayakumar.

Lot Size for IPO

Home First Finance’s IPO will have a lot size of 28 shares; That is, at least 28 shares have to be bid. If you look at the upper price band of Rs 518, then investors will have to invest at least Rs 14504 in it. After this, investments can be made in its multiple.

IRFC IPO: Should you put money in IRFC IPO? Understand important details before investing

How much reserve for

In this IPO, up to 50 per cent will be reserved for qualified institutional buyers. While 35 per cent is reserved for retail investors and 15 per cent for non-institutional agencies. Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited will be the book running lead managers. whereas. KFin Technologies Pvt. Ltd. for IPO Is the registrar

Approval was received only in February 2020

The company received approval from market regulator SEBI for this IPO only in February 2020. But due to the Coronavirus epidemic, the company could not bring its IPO time. The company had time till March 2021 to bring this IPO.

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