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Synopsis The housing finance company (HFC) had on Wednesday raised a little over Rs 346 crore from 25 anchor investors. ThinkStock Photos Analysts said Home First Finance has reported a strong set of numbers over the last couple of years. NEW DELHI: The Rs 1,153.71-crore Home First Finance IPO was subscribed 1.04 times on the first day of the bidding process on Thursday. The issue received bids for 1,62,08,892 shares, which was 104 per cent of the issue size of 1,56,20,948 shares. The housing finance company (HFC) had on Wednesday raised a little over Rs 346 crore from 25 anchor investors. On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue of shares worth Rs 265 crore. The price band for the issue is fixed at Rs 517-518 apiece. Investors can bid for a minimum of 28 equity shares and and in multiples thereafter. ....
Synopsis On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue worth Rs 265 crore. ThinkStock Photos Analysts said Home First Finance has reported a strong set of numbers over the last couple of years. NEW DELHI: The Rs 1,153.71-crore Home First Finance IPO kicked off on Thursday, a day after the housing finance company (HFC) raised a little over Rs 346 crore from 25 anchor investors. On the block is an offer for sale (OFS) of shares worth Rs 888.72 crore and a fresh issue worth Rs 265 crore. The price band for the issue is fixed at Rs 517-518. Investors can bid for a minimum of 28 equity shares and and in multiples thereafter. ....
January 21, 2021 × The bullish momentum for the stock markets will continue on Thursday too, as the global cues and Asian markets indicate positive beginning. The SGX Nifty, which is currently ruling at 14,705, is pointing a gap-up of opening of about 50 points for Nifty50. The January futures of Nifty50 closed on Wednesday at 14,645. All eyes are on the BSE Sensex, as it is tantalising close to 50,000 historical mark. Overnight, the Dow Jones Industrial Average rose 257.86 points, or 0.83 per cent, to 31,188.38, the S&P 500 gained 52.94 points, or 1.39 per cent, to 3,851.85 and the Nasdaq Composite added 260.07 points, or 1.97 per cent, to 13,457.25. Benchmarks of Japan, Nikkei, Taiwan, Korea, Jakarta, China and Australia are ruling firm in early trade on Thursday. ....
BL Research Bureau Investors can avoid the initial public offer of Home First Finance opening today. The company is an affordable housing financier that has been in business for more than a decade now. While there’s huge untapped potential in the affordable housing market, we feel that the intense competition in the space poses risks to scalability of its loan book and sustainability of the quality of its credit profile, from hereon. Investors can hence wait and watch out the company’s performance over the next few quarters before they enter the stock. Through the IPO, its promoters and private equity firms (True North Fund, Aether (Mauritius), and Bessemer India Holdings), are looking to collectively divest 21 per cent stake in the company. The offer also comprises a fresh issue worth Rs 265 crore. ....
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. ....