The issue received bids for 1.62 crore shares as against 2.23 crore shares on offer.
The initial public offer (IPO) of Home First Finance Company India received bids for 1.62 crore shares as against 2.23 crore shares on offer on Thursday (21 January 2021), according to the stock exchange data at 17:30 IST. The issue was subscribed 0.73 times.
The issue opened for subscription on Thursday (21 January 2021) and it will close on Monday (25 January 2021). The price band for the IPO is set at Rs 517-518 per share. An investor can bid for minimum of 28 equity shares and in multiples thereof.
The IPO consists of fresh issue of equity shares aggregating to Rs 265 crore and an offer of sale of equity shares aggregating up to Rs 888.71 crore (including anchor portion of 66.81 lakh equity shares).
Share Market Highlights: Sensex ends at record high, Nifty at 14,644; Tata Motors, M&M, Wipro top gainers January 20,2021 16:29 IST
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Home First raises ₹346 crore from 25 anchor investors ahead of IPO
January 20, 2021
× Global PE firm Warburg Pincus-backed Home First Finance Company India Ltd (HFFC) has raised ₹346 crore from 25 anchor investors, ahead of its Initial Public Offering (IPO) which opens on Thursday.
The company allocated shares at ₹518 a share to anchor investors, while it allotted 66.82 lakh shares to anchor investors, it said in a regulatory filing.
Nomura was the largest investor among foreign institutions, buying 9.5 per cent of the anchor investor portion for ₹33 crore, while Fidelity International picked up 7.2 per cent of the shares for ₹25 crore. Morgan Stanley IM, Buena Vista and TT International picked up 5.8 per cent for ₹20 crore each.