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Home First Finance Company is an affordable housing finance company. The company primarily handle the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.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, 2019, it has serviced a total of 37,086 active loans.
The company has a diverse lead generation source channel including connectors, contractors, architects, affordable housing developers, and others. As on Sep 30, 2019, the business has a strong branch network of 65 branches across 60 districts in 11 different states and a union territory in India with key presence in market such as Maharashtra, Karnataka, Tamil Nadu, and Gujarat.
Company Strengths
- Technology-driven affordable housing company.
- Strong penetration in the largest housing finance market.
- Diversified lead source channel.
- Experienced and qualified managerial team.
Company Promoters
True North Fund V LLP and Aether (Mauritius) Limited are the company promoters.
Company Financials
| Particulars | For the year/period ended (Rs in million) | ||||
|---|---|---|---|---|---|
| 30-Sept-20 | 31-Mar-20 | 31-Mar-19 | 31-Mar-18 | ||
| Total Assets | 37,221.96 | 34,796.11 | 24,820.05 | 13,649.42 | |
| Total Revenue | 2,431.93 | 4,196.57 | 2,709.21 | 1,342.37 | |
| Profit After Tax | 529.53 | 792.49 | 452.04 | 159.96 | |
IPO Detail
Issue Size - Eq Shares of Rs 2 (aggregating up to Rs 1153.72 Cr)
Fresh Issue - Eq Shares of Rs 2 (aggregating up to Rs 265 Cr)
Offer for Sale - Eq Shares of Rs 2 (aggregating up to Rs 888.72 Cr)
IPO Price - Rs 517 to Rs 518 per equity share
Market Lot - 28 Shares ( Min Order quantity )
Maximum Order Quantity for Retail - 364 Shares ( 13 Lots )
IPO Close Date - Jan 25, 2021
Finalisation of Basis of Allotment - Jan 29, 2021
Initiation of Refunds - Feb 01, 2021
Credit of Shares to Demat Account - Feb 02, 2021
IPO Shares Listing Date - Feb 03, 2021
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