Home First Finance ipo: Home First Finance IPO opens on Thursday. Should you subscribe?
Home First Finance IPO opens on Thursday. Should you subscribe? The IPO price is at nearly 55% premium to Rs 334.7 at which the company undertook a preferential allotment to Orange Clove Investments, an affiliate of Warburg Pincus in October 2020. Synopsis The company’s assets under management (AUM) increased by 63.4% annually between FY18 and FY20 to Rs 3,618.3 crore. Revenue rose by 73.8% to Rs 398.6 crore while net profit surged five-times to Rs 79.2 crore during the period. Home First Finance Company plans to raise Rs 265 crore from fresh equity issue to augment the capital base and a...
Source: indiatimes.com