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Home First Finance Company IPO Review 2021 – HFFC IPO Full Details

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Home First Finance Company India (HFFC IPO) is the Third IPO to hit Indian markets in 2021. In this post, we will look into all the important information on the Home First Finance Company IPO 2021 and find out the possible prospects of the company.

Home First Finance – About the Company

  • Incorporated in 2010, Home First Finance Company is an affordable housing finance agency. The organization mainly caters to low-and middle-income groups by providing them housing loans to build and purchase houses.
  • It also provides other loans, such as property loans, developer finance loans and commercial property acquisition loans.
  • The Finance Company has a strong branch network of over 70 branches across 62 districts in 11 different states.
  • It is a technology-driven Company with scalable Operating model. It primarily offers customers housing loans for the purchase or construction of homes.

Important DetailsHFFC IPO

ParticularsDetails
IPO Dates21 Jan – 25 Jan 2021
IPO Size (in Crores)1150 Crores
Face ValueRs. 2 per Equity Share
Price BandRs. 517 to Rs. 518 per Equity Share
Minimum Lot Size28 Shares
Minimum Application AmountRs. 14504/-
Listing Date03 Feb 2021
Official Websitehttps://homefirstindia.com/
Home First Finance Company IPO Review

Home First Finance Company IPO Allotment Dates

ParticularsDetails
Basis Of Allotment29 Jan 2021
Refund01 Feb 2021
Credit to DEMAT Account02 Feb 2021
Listing Date03 Feb 2021
HFFC IPO Allotment Status

HFFC IPO Check Allotment Status

Home First Finance Company IPO Listing Status

Shares of Home First Finance Company India listed on 3rd Feb. 2021 at Rs. 613 with a premium of more than 19% against its Issue Price of Rs 518 apiece.

Home First Finance Company IPO GMP

Grey Market Premium – +Rs. 72 as on 30 Jan 2021 (Issue Price Rs. 518)
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Objectives of the Issue – HFFC IPO

Home First Finance Company India Limited plans to use the issue’s net proceeds to Expand its capital Base to meet its potential capital needs, resulting from the growth of its company and properties. The Company also aims to repay its Borrowings from this Issue.

The company will not receive any proceeds from the offer for sale. The offer for sale money will go to selling shareholders.

Home First FinanceCompetitors in the Industry

Some of the Home First Finance Company’s Main Rivals are HDFC Ltd, Aavas Financials, Repco Home Finance, PNB Home Finance, Aptus India, , etc.

Home First Finance Company IPO Review- HFFC IPO Review

Higher growth rates on a low foundation, structural demand for housing and good management pedigree make HFFC IPO worth applying for. We can see Strong Listing Gains as markets are doing well in the housing sector.

Tell us your Views About HFFC IPO in the Comment Section Below. Read More About Upcoming IPOs on Our IPO Page.


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