Home First Finance IPO GMP Today, Check Daily Movement


Last updated on February 2, 2021

For IPO investors, 2021 has started on a positive note with mainboard offers of IRFC and Indigo Paints and now Home First Finance is joining the list. The affordable housing finance player’s maiden public offer will be launched later this week with the objective of raising as much as INR1,153.72 crore. Trading in informal grey market started even before the announcement of offer’s price range. We will take a look at Home First Finance IPO GMP in this article.  

Home First Finance IPO details

Subscription Dates 21 – 25 January 2021
Price Band INR517 – 518 per share
Fresh issue INR265 crore
Offer For Sale INR888.72 crore
Total IPO size INR1,153.72 crore
Minimum bid (lot size) 28 shares
Face Value  INR2 per share
Retail Allocation 35%
Listing On NSE, BSE

The offer is smallest of the three IPOs available for subscription this week and thus it is likely to be subscribed pretty quickly. Considering positive sentiments in the secondary markets, grey premium in this IPO might increase further. While grey market is an unofficial trade between an investor and stock broker, it often acts as a very good indicator of the listing gains investors can expect.  

Home First Finance IPO GMP (Grey Market Premium) rates

Date GMP (in INR) Kostak (in INR) Subject to Sauda (in INR)
2 Feb 20211203002,100
1 Feb 2021702501,900
30 Jan 2021702501,800
29 Jan 2021802501,800
28 Jan 20211003002,000
27 Jan 20211203502,000
25 Jan 20211404002,000
23 Jan 20211504502,500
22 Jan 20211303502,200
21 Jan 20211203002,000
20 Jan 2021903001,500
19 Jan 2021 90 300 1,500
18 Jan 2021 80 300 1,500

The highlight of the company is the rapid growth of its operations, high profitability (18.8% in FY2020) and robust return ratio (10.9% RONW in FY2020). The following table underlines that the company has managed to grow its top-line while also keeping tight control on expenses.

Home First Finance’s financial performance (in INR crore)

 FY2018FY2019FY2020H1 FY2021
Net income16.
Net margin (%)11.916.618.821.7



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