Home First Finance IPO Details

Home First Finance IPOHome First Finance IPO description – Home First Finance is an affordable housing finance company that targets first time home buyers in low and middle-income groups. The company primarily offers housing loans for the purchase or construction of homes, which comprised 91.5% of its Gross Loan Assets, as of 30 September 2019. Its Gross Loan Assets have grown at a CAGR of 69.8% between FY2017 and FY2019 and increased from INR8,473.16 million as of 31 March 2017 to INR31,133.76 million as of 30 September 2019.

As of the same date, 35.9% of its Gross Loan Assets were from customers who were new to credit. The average ticket size of its housing loans was INR1.02 million, with an average loan-to-value on Gross Loan Assets of 58.4%, as of 30 September 2019. The company serves salaried and self-employed customers. Salaried customers account for 72.6% of its Gross Loan Assets and self-employed customers account for 24.6% of Gross Loan Assets. It serviced 37,086 active loan accounts, as of 30 September 2019.

Apart from housing loans, the company offers loans against property, developer finance loans and loans for purchase of commercial property. Home First Finance operates a network of 65 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu.

Promoters of Home First Finance – True North Fund V LLP and Aether (Mauritius) Limited
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

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

FY2018 FY2019 FY2020 H1 FY2021
Revenue 134.2 270.9 419.7 243.2
Expenses 110.0 205.7 312.4 172.8
Net income 16.0 45.1 79.1 52.8
Net margin (%) 11.9 16.6 18.8 21.7

Home First Finance Contact Details

Home First Finance Company India Limited
511, Acme Plaza,
Andheri Kurla Road, Andheri East, Mumbai, Maharashtra 400 059
Phone: +91 22 6694 0386
Email: [email protected]
Website: www.homefirstindia.com

Registrar of Home First Finance IPO

KFin Technologies Private Limited
Selenium Tower B, Plot 31-32,
Gachibowli, Nanakramguda,
Hyderabad – 500 032, Telangana
Phone: +91 40 6716 2222 
 +91 40 2343 1551
Email: [email protected]
Website: www.kfintech.com

Valuation of Home First Finance (as of FY2020)

Earnings Per Share (EPS): INR10.53
Price/Earnings (PE ratio): 49.1 – 49.2
Return on Net Worth (RONW): 10.9%
Net Asset Value (NAV): INR126.06 per share (30 Sep 2020)

Home First Finance IPO Subscription Details

Category Shares offered Subscription (no. of times, at 5 PM)
Day 1 Day 2 Day 3
QIB 4,463,127 1.28 1.35 52.52
NII 3,347,346 0.12 0.60 38.99
Retail 7,810,475 1.29 3.36 6.58
Total 15,620,948 1.05 2.21 26.65

Home First Finance IPO: Subscribe or Avoid?

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Home First Finance IPO Allotment Status

Home First Finance IPO allotment status is now available on KFin’s websites, click on any of these links to get allotment status.
Allotment Status Link #1
Allotment Status Link #2
Allotment Status Link #3

Alternatively, allotment status can be checked on BSE website
BSE IPO Allotment Status Link

Listing Performance of Home First Finance

IPO Opening Date: 21 January 2021
IPO Closing Date: 25 January 2021
Finalisation of Basis of Allotment: 29 January 2021
Initiation of refunds: 1 February 2021
Transfer of shares to demat accounts: 2 February 2021
Listing Date: 3 February 2021
Opening Price on NSE: INR618.8 per share (up 19.46% from IPO price)
Closing Price on NSE: INR527.55 per share (up 1.84% from IPO price)



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