Home First Finance IPO GMP Today, Check Daily Movement

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

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

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)