Home First Finance Company India Ltd s IPO subscribed 2.22 times overall on Day 2
Posted On: 2021-01-22 07:34:26 (Time Zone: Arizona, USA)
Home First Finance Company India Ltd, a technology driven affordable housing finance company catering to the lower and middle income group s housing finance needs, received bids of 3,46,09,736 shares against the offered 1,55,90,790 shares, as per the 5:00 pm data available on the bourses. The portion reserved for retail investors was subscribed 3.40 times. Qualified Institutional Buyer and Non-Institutional Investor category was subscribed 1.36 and 0.61 times respectively on Day 2 of the issue opening.
The bidding for the IPO closes on Monday, January 25, 2021. The Company is proposing to raise 1,153.71 crore which comprises of a fresh issue of Rs. 265 crore and an offer for sale of Rs. 888.71 crore by promoters and existing investor and individual shareholders. The minimum bid lot is 28 shares thereafter in multiples. The price band has
Home First Finance Company Limited IPO of Equity Shares to open on Thursday, January 21, 2021
Posted On: 2021-01-19 22:24:59 (Time Zone: Arizona, USA)
Home First Finance Company India Limited (the Company ), will open the Bid/Offer period in relation to its initial public offering of Equity Shares (the Offer / IPO ) on Thursday, January 21, 2021 and close on Monday, January 25, 2021. The price band for the Offer has been decided at Rs. 517 - Rs. 518 per Equity Share. The Company and the Promoter Selling Shareholders may, in consultation with the book running lead managers (the BRLMs ), consider participation by Anchor Investors which shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Wednesday, January 20, 2021.
The company proposes to utilise the net proceeds from the IPO towards augmenting its capital base, Home First Finance said in a statement.Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital are the book running lead managers to the offer