Home First Finance Company, an affordable housing firm, is set to launch its initial public offering (IPO) on January 21, 2021, for the subscription. The issue will be available till January 25, 2021.
The IPO aggregates up to Rs1,153.71cr comprising of fresh issue amounting to Rs265cr and offer for sale (OFS) valuing to Rs888.71cr which will be carried by promoters and existing shareholders.
Under the OFS - promoter True North Fund V LLP will offload stakes to the tune of Rs435.61cr, while promoter Aether (Mauritius) Ltd will sell shares worth Rs291.28cr, investor Bessemer India Capital Holdings II Ltd about Rs120.46cr and two individual shareholders -- PS Jayakumar and Manoj Viswanathan to sell shares worth Rs41.3cr.
The Home First Finance Company IPO will enter the primary market amidst Indigo Paints IPO which will be opened on January 20 and Indian Railway Finance Corp IPO which opened on January 18 and will close tomorrow.
Home First Finance IPO has a price band of Rs517 per equity share to Rs518 per equity share fixed on the issue.
Bid lot size includes 28 Equity Shares and in multiples thereof. A retail investor can make maximum subscription of Rs2 lakh.
The IPO will be from 10 am to 5 pm every day between January 21 - January 25, 2021. The anchor investor portion for bidding will be available on January 20, 2021.
Companies like Axis Capital, Credit Suisse Securities (India) Private, ICICI Securities and Kotak Mahindra Capital Company are acting as the book running lead managers (BLRM).
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