Issue Price
₹518
Per Share
GMP
NIL
Grey Market
Est. Listing
₹518
Expected Price
Min. Application
₹29,008
2 lots × 28 shares
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.The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2020, it has serviced a total of 44,796 active loans.Company StrengthsTechnology-driven affordable housing company.Strong penetration in the largest housing finance market.Diversified lead source channel.Experienced and qualified managerial team.
Home First Finance Co.India Ltd. proposes to utilise the net proceeds from the Issue for the following objects:
| Category | Shares Offered | % Issue | Amount (₹ Cr)* | Subscription |
|---|---|---|---|---|
| TOTAL | 22,272,556 | 100.00% | ₹1,153.72 Cr | — |
| Category | Lots | Shares | Amount (₹) |
|---|---|---|---|
| Retail (Min) | 1 | 28 | ₹14,504 |
| Retail (Max) | 13 | 364 | ₹188,552 |
| sNII (Min) | 14 | 392 | ₹203,056 |
| bNII (Min) | 69 | 1,932 | ₹1,000,776 |
| Particulars | 30-Sept-20 | 31-Mar-20 | 31-Mar-19 |
|---|---|---|---|
| Revenue from Operations | 243.19 | 419.66 | 270.92 |
| EBITDA | N/A | N/A | N/A |
| Profit After Tax (PAT) | 52.95 | 79.25 | 45.20 |
| Net Worth | N/A | N/A | N/A |
| Total Assets | 3722.20 | 3479.61 | 2482.01 |
| Reserves & Surplus | N/A | N/A | N/A |
| Total Borrowings | N/A | N/A | N/A |