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Home First Finance Company India Ltd. IPO

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  • Home First Finance Company India Ltd. IPO
    2021-01-21, By: System Administrator

    Home First Finance Company India Ltd. IPO

    About Company: Based out of Mumbai Home First Finance Company (HFFC) Limited (MFL) is a non-banking financial institution registered with the Reserve Bank of India (RBI). They started operations in 2010, the company turned profitable in 2014. The company is currently valued at more than Rs.850 crores.

    Home First Finance Company (HFFC) offers a wide range of services in the home loan segment. It blends technology and personalisation, so the loan process is easy and hassle-free. It is the most preferred bank by all kinds of people for any financial service. Packed with exclusive benefits, Home First Finance Company (HFFC) Home Loans are tailor made catering to the needs of various customers.

    IPO Overview:

    Company Name

    Home First Finance Co. Ltd.

    Company Type

    NBFC - Housing Loan

    YoY (Year on Year) Company Growth

    Very Good

    Share Valuation

    Moderate

    Future Prospect

    Good

    Recommendation

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    Strength of Company:

    It is a technology-driven company with scalable business model. It has diversified source of lead generation. Robust collections management system wherein approximately 93 percent of collections for the financial year.

     

    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 Details:

    IPO Opening Date

    Jan 21, 2021

    IPO Closing Date

    Jan 25, 2021

    Issue Type

    Book Built Issue IPO

    Face Value

    Rs 2 per equity share

    IPO Price

    Rs 517 to Rs 518 per equity share

    Market Lot

    28 Shares

    Min Order Quantity

    28 Shares

    Listing At

    BSE, NSE

    Issue Size

    [.] Eq Shares of Rs 2
    (aggregating up to Rs 1,153.72 Cr)

    Fresh Issue

    [.] Eq Shares of Rs 2
    (aggregating up to Rs 265.00 Cr)

    Offer for Sale

    [.] Eq Shares of  Rs 2
    (aggregating up to Rs 888.72 Cr)

     

    How to apply:

    GCL customers can apply online in Home First Finance IPO using UPI as a payment gateway. GCL customers need to visit website and submitting an IPO application form.

    Steps to apply in Home First Finance IPO through GCL Web Portal

    1. Visit the GCL website and click on Apply E-IPO link at the top of the website.
    2. Scroll down and click on Apply IPO Online.
    3. Click on the 'Home First Finance Company India Ltd' row, it will show details of the IPO. Click on Apply at the end of the page.
    4. Enter your UPI ID, Quantity, and Price.
    5. Enter your PAN number if you are registered with GCL(you need to fill more details if you are not registered with GCL)
    6. Click on Submit it will show your Application number, save it for checking the IPO Status.
    7. Go to your mobile UPI app and approve the IPO request.

    You can also watch a demo video on our YouTube channel through this link.

    https://www.youtube.com/watch?v=yvaz-nmlO8s

    Our View:

    It seems to be a good IPO as YoY growth is tremendous and NPA ratio is very small, company has scalable business model and supported by latest technology. Valuation are moderate comparing to its peers, however it will be adjusted in its future financials.

     

    DISCLAIMER: No financial information whatsoever published anywhere here should be construed as an offer to buy or sell securities, or as advice to do so in any way whatsoever. All matter published here is purely for educational and information purposes only and under no circumstances should be used for making investment decisions. Readers must consult a qualified financial advisor before making any actual investment decisions, based on information published here. Any reader taking decisions based on any information published here does so entirely at its own risk. Investors should bear in mind that any investment in stock markets is subject to unpredictable market-related risks. The above information is based on RHP and other documents available as of date coupled with market perception. The author has no plans to invest in this offer.

     

     

     

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