InvestorQ : How do you see the prospects of the Home First Finance IPO slated to open on 21-Jan?
Ria Jain made post

How do you see the prospects of the Home First Finance IPO slated to open on 21-Jan?

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Dia Deshpande answered.
11 months ago
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Mumbai based home finance start-up, Home First Finance Ltd, IPO will open for subscription on 21-Jan. Home First is an affordable home finance company floated by former banker, P S Jaykumar. The company had got IPO approval way back in March 2020 but had held it back due to the pandemic conditions as the IPO market was dry at that point of time.

The total issue size for the Home First Finance IPO will be Rs.1154 crore. The IPO will consist of a fresh issue of shares of Rs.265 crore and an offer for sale of OFS of Rs.889 crore. The OFS will give partial exit to the promoters and also to some of the marquee investors who were among the early investors in the company.

Interestingly, Home First will be the third major IPO this calendar year after IRFC and Indigo Paints. There are a total of 6 IPOs that are scheduled to hit the IPO market in Jan-2021. The company has generated a lot of genuine buying interest due to its presence in the highly lucrative and high-growth affordable homes segment.

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