Warburg Pincus, through its affiliate Orange Clove Investments BV, sold 28,83,819 shares or 3.3% stake in the affordable housing financing company for about Rs 251 crore, accordingto bulk deals data.
Home First Finance shares make a strong debut on exchanges
Home First Finance shares rose to ₹639 on BSE
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Shares of mortgage financier Home First Finance made a strong debut today on exchanges with prices rising about 23% to ₹639 apiece, as compared IPO issue price of ₹518. The initial public offer of Home First Finance Company India, which closed last month, was subscribed 26.57 times. The price range for the offer has been fixed at ₹517-518 per share.
The offer of the mortgage financier, which got fully subscribed on the first day itself on January 21, received bids for 41,42,65,488 shares against 1,56,20,948 shares on offer.
Here are the top stocks to track in today's session:
Home First Finance: Shares of Home First Finance will debut on the bourses today. The issue that ran between January 21-25 was subscribed 27 times.
Q3 earnings: Bharti Airtel, Adani Enterprises, Adani Green Energy, Apollo Tyres, Arvind Fashions, Deepak Fertilisers, Hindustan Copper, Indian Hotels, Inox Leisure, Jubilant FoodWorks and VIP Industries are among the 88 companies that are slated to announce their December quarter earnings today. Analysts expect Bharti Airtel to return to profit while revenues may grow in mid-teens on a year-on-year (YoY) basis, mainly on account of strong subscriber addition momentum. Besides, the company's board will also consider financing strategies and fundraising plans via instruments like debentures, bonds, and loans.
Home First Finance Share List At Rs 618.80, A 19% Premium Over Issue Price moneycontrol.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from moneycontrol.com Daily Mail and Mail on Sunday newspapers.
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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.
Synopsis
The housing finance company (HFC) had on Wednesday raised a little over Rs 346 crore from 25 anchor investors.
ThinkStock Photos
Analysts said Home First Finance has reported a strong set of numbers over the last couple of years.
NEW DELHI: The Rs 1,153.71-crore Home First Finance IPO was subscribed 1.04 times on the first day of the bidding process on Thursday.
The issue received bids for 1,62,08,892 shares, which was 104 per cent of the issue size of 1,56,20,948 shares. The housing finance company (HFC) had on Wednesday raised a little over Rs 346 crore from 25 anchor investors.
On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue of shares worth Rs 265 crore. The price band for the issue is fixed at Rs 517-518 apiece. Investors can bid for a minimum of 28 equity shares and and in multiples thereafter.
Synopsis
On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue worth Rs 265 crore.
ThinkStock Photos
Analysts said Home First Finance has reported a strong set of numbers over the last couple of years.
NEW DELHI: The Rs 1,153.71-crore Home First Finance IPO kicked off on Thursday, a day after the housing finance company (HFC) raised a little over Rs 346 crore from 25 anchor investors.
On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue worth Rs 265 crore. The price band for the issue is fixed at Rs 517-518. Investors can bid for a minimum of 28 equity shares and and in multiples thereafter.