Home First Finance Company is an affordable housing finance company. The company primarily caters to the low and middle-income groups by offering them housing loans to construct and buy homes. It was founded by Jaithirth Rao, PS Jayakumar and Manoj Viswanathan and commenced operations in August 2010. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.
The company has a diverse lead generation source channel including connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2020, the business has a strong branch network of 70 branches across 60 districts in 11 different states and a union territory in India with a key presence in markets such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
The firm currently focuses on leveraging technology benefits in the area such as processing loan applications, risk management, and managing customer experience. It offers quick and transparent loan transactions through its mobile app. As on Sep 30, 2020, it has serviced a total of 44,796 active loans.
Company Strengths
- Technology-driven affordable housing company.
- Strong penetration in the largest housing finance market.
- Diversified lead source channel.
- Experienced and qualified managerial team.
IPO Details
- Issue opens on: Jan. 21
- Issue closes on: Jan. 25
- Allotment Date: Jan. 29
- Listing Date: Feb. 3
- Face value: Rs 2 per share
- Price band: Rs 517-518
- Lot Size: 28
- Cost of 1 lot: Rs 14,504
- Fresh issue: Aggregating up to Rs 265 crore
- Offer for sale: Rs 888.72 crore
Check Home First Finance Company IPO allotment status
Registrar for Home First Finance Company IPO is KFinTech. You can check status of Home First Finance Company IPO allocation at KFinTech Website from 1st Feb onwards.
Details taken from RHP and Home First Finance
Leave a Reply