Home First Finance Company India Limited

Company Details

 

 

 

 

 

 

 

·         Home First Finance Company India Limited is a technology driven affordable housing finance company that targets first time home buyers in low and middle-income groups. Company primarily offer customers housing loans for the purchase or construction of homes, which comprised 92.1% of Gross Loan Assets, as of September 30, 2020. Companies Gross Loan Assets have grown at a CAGR of 63.4% between the financial year 2018 and the financial year 2020 and increased from ₹ 13,559.32 million as of March 31, 2018 to ₹ 37,300.12 million, as of September 30, 2020.

·         Company serve salaried and self-employed customers. Salaried customers account for 73.1% of its Gross Loan Assets and selfemployed customers account for 25% of Gross Loan Assets, as of September 30, 2020. Company serviced 44,796 active loan accounts, as of September 30, 2020. Company also offer other types of loans comprising loans against property, developer finance loans and loans for purchase of commercial property, which comprised 5.1%, 1.9% and 0.9% of its Gross Loan Assets, as of September 30, 2020, respectively.

·         As of September 30, 2020, Company has a network of 70 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu.

·         Company typically obtain long-term funding from a variety of sources including private and public sector banks, the NHB and through assignment transactions. According to the CRISIL Report, Company has the highest share of NHB refinance (26%) among its peers in its borrowing mix as of March 31, 2020. Company has improved its credit ratings from ‘CARE A-’ as of March 31, 2017 to ‘CARE A+’ as of September 30, 2020 and also currently have an ‘A+ (stable) rating from ICRA Limited.

Issue Period

Opens on: Thursday, January 21, 2021

Closes on: Monday, January 25, 2021.

Price Band

Rs.517 /- to Rs.518- per equity shares

Bid Lot

28 Shares and in multiple thereof

Face Value

Rs.2/- per share

Issue Size

Rs.1153.72 Cr

Issue break-up

QIB  - 50 % of the offer –   Rs.  576.86 Cr

NIB  - 15 % of the offer -    Rs.  173.06 Cr

RET - 35 % of the offer -    Rs.  403.80 Cr

Listing

BSE & NSE

Registrar

KFin Technologies Private Limited

UPI

All Retail Applications through brokers are compulsorily in UPI Mode



INDICATIVE TIMELINE

Details

Dates

Basis of Allotment

29-Jan-21

Unblocking of funds

01-Feb-21

Credit of Shares to demat

02-Feb-21

Listing /Trading

03-Feb-21


 Retail Bidding Chart

 

Home First Finance Company India Limited

Offer Period

From January 21st , 2021 to  January 25th , 2021

Issue Price

Rs.517 /- to Rs.518- per equity shares

Bid Lot

28 Shares and in multiple thereof

Lot

Shares

Rate

Amount

1

28

518

14504

2

56

518

29008

3

84

518

43512

4

112

518

58016

5

140

518

72520

6

168

518

87024

7

196

518

101528

8

224

518

116032

9

252

518

130536

10

280

518

145040

11

308

518

159544

12

336

518

174048

13

364

518

188552