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HFFC shares listing on BSE, NSE today: Grey market premium strong, bumper listing likely
The shares of Home First Finance Company will be listed on the BSE and National Stock Exchange (NSE) on Wednesday. The technology-driven affordable housing finance player likely to fetch at least 25 per cent premium when its debut. This means strong listing gains are expected.
The company's fundamentals are strong and has stable asset quality. Its IPO was subscribed 26.66 times.
The shares of Home First Finance Company are commanding a strong premium over the final issue price of 518 in the grey market. Shares were quoting a grey market premium of Rs 140 (almost 27 per cent) to trade at Rs 658 apiece just a day ahead of listing. The share is expected to list at around Rs 650-670.