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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.Â
New Delhi [India], January 21 (ANI): The Competition Commission of India (CCI) on Thursday approved the acquisition of stake in Max Life Insurance Company Limited by Axis Bank Limited, Axis Capital Limited and Axis Securities Limited, according to the Ministry of Corporate Affairs.
Axis Bank-Max Life Insurance deal gets CCI nod
As per the combination notice filed with CCI, the shareholding of Axis Bank in Max Life will increase to approximately 9.9 per cent
PTI | January 21, 2021 | Updated 08:33 IST
Fair trade regulator Competition Commission of India (CCI) on Wednesday said it has approved the stake acquisition in Max Life Insurance Company by Axis Bank, Axis Capital and Axis Securities.
As per the combination notice filed with CCI, the shareholding of Axis Bank in Max Life will increase to approximately 9.9 per cent. Currently, the bank holds about 1 per cent stake in Max Life and is also the biggest distributor of the insurer s products through banking channel.
Home First Finance garners Rs 346 cr from anchor investors ahead of IPO
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Last Updated: Jan 20, 2021, 10:49 PM IST
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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.
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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.
HDFC Securities see an upside of 30% in PNC Infratech stock
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The share price of PNC Infratech has gained 10% since the closing Wednesday as the asset management companies or mutual funds lapped up the shares.
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The share of PNC Infratech is at par with the price one year ago.
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HDFC Securities recommends buy rating to the PNC Infratech stock . It sees an upside of over 30% in the stock in a time frame of upto three months. Incorporated in the year 1999, PNC Infratech Limited is one of the front-ending infrastructure development, construction and management companies in the country. On Wednesday, shares of PNC Infratech Ltd lost 5.59% to close at ₹174.80 on BSE, over the previous close as CN Infrabuild Pvt Ltd sold 2.55 crore shares or 9.95% of equity of PNC Infratech worth over ₹447 crore through an open market transaction.