Home First Finance’s initial public offering (IPO) will open for subscription on January 21 and close on January 25. This will be the third IPO in 2021 after the public offers by Indian Railway Finance Corporation (IRFC) and Indigo Paints. The shares are likely to be listed on the BSE Sensex and NSE Nifty on February 3.
The ₹ 1,153.71-crore IPO comprises of a fresh issue of ₹ 265 crore and an offer for sale of ₹ 888.72 crore by promoters and existing shareholders, including True North Fund V LLP, Aether (Mauritius) and Bessemer India Capital Holdings II.
Investors can bid for a minimum one lot of 28 equity shares and in multiples up to 13 lots, in the price band of ₹ 517-518 per share. A total of up to 50 per cent of the issue will be reserved for qualified institutional buyers (QIBs), 35 per cent for the retail category and 15 per cent for non-institutional group.