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Home First Finance Company IPO opens: Check price band, important dates - Should you subscribe?

URL copied Home First Finance Company IPO opens: Check price band, important dates - Should you subscribe? The IPO of mortgage financier Home First Finance Company (HFFC) opened for subscription today. The company has fixed a price band of Rs 517-518 a share for its initial share-sale. The subscription will close on January 25. HFFC is the third IPO this year after Indian Railway Finance Corporation (IRFC) and Indigo Paints. The anchor investors portion opened for subscription on January 20. It raised a little over Rs 346 crore from anchor investors ahead of its initial share-sale. A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. At this price, the company raised Rs 346.11 crore, according to a BSE circular. 

A year after Covid hit economies, India still financially insecure: Survey

Since the nationwide lockdown in March 2020, urban Indians have grown more anxious about financial security, the Max Life India Protection Quotient 3.0 (IPQ 3.0) survey showed. Anxiety levels climbed up from 55% to 61% this year, the survey said. Indians were most anxious about the possibility of a family member catching the Coronavirus or death of a breadwinner. The potential cost of treatment also added to the pressure. There is a significant shift towards increasing savings and investments, the survey said. Financial anxieties related to Covid-19, and ability of current earnings to cover expenses have emerged as top concerns for Urban Indians, it added.

Home First Finance garners Rs 346 cr from anchor investors ahead of IPO

Home First Finance garners Rs 346 cr from anchor investors ahead of IPO SECTIONS Last Updated: Jan 20, 2021, 10:49 PM IST Share Synopsis A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. Agencies Related NSE Explore Now Mortgage financier Home First Finance Company (HFFC) on Wednesday raised a little over Rs 346 crore from anchor investors, ahead of its initial share-sale, which will open for public subscription on Thursday. A total of 66,81,766 shares have been allotted to 25 anchor investors at Rs 518 per share, the upper end of the price band. At this price, the company raised Rs 346.11 crore, according to a BSE circular.

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