Home First Finance Company India IPO
Home First Finance Company India Limited (HOMEFIRST) · mainboard IPO on NSE and BSE · 100% Book Building. Listed on 03 February 2021.
Issue details
Listing day
Back-tested estimate (from a model that had only seen earlier years' IPOs): listing gain +25.9% (likely range -3% to +45%), day's high +45.7%, chance of a gain 92%. Actual: +19.5% at the open, +23.6% at the high.
Subscription status
| Category | Shares offered | Shares bid for | Subscribed | |
|---|---|---|---|---|
| QIB (institutions) | 44,63,127 | 23,44,26,920 | 52.5x | |
| NII (HNI) total | 33,47,346 | 13,05,51,904 | 39.0x | |
| Retail | 78,10,475 | 5,14,58,120 | 6.59x | |
| Total | 1,56,20,948 | 41,64,36,944 | 26.7x |
Bids on NSE and BSE together, as published by NSE. Shares offered exclude the anchor portion. 10% of all shares bid for were at the cut-off price.
Past IPOs with similar demand
Earlier mainboard IPOs whose QIB, NII and retail subscription and size were closest to Home First Finance Company India's, and how they listed.
| IPO | QIB | NII | Retail | Total | Size | Listing gain | Day high |
|---|---|---|---|---|---|---|---|
| Prataap SnacksSep 2017 | 76.9x | 101x | 8.48x | 47.4x | ₹485 Cr | +35.4% | +40.6% |
| Shankara Building ProductsMar 2017 | 51.6x | 90.7x | 15.3x | 41.9x | ₹349 Cr | +20.7% | +38.3% |
| Polycab IndiaApr 2019 | 92.4x | 110x | 4.65x | 52.0x | ₹1,353 Cr | +17.7% | +24.1% |
| Ujjivan Financial ServicesMay 2016 | 33.8x | 135x | 4.02x | 40.7x | ₹892 Cr | +10.4% | +16.5% |
| Endurance TechnologiesOct 2016 | 53.4x | 127x | 2.69x | 43.8x | ₹1,162 Cr | +21.2% | +38.6% |
| BSEJan 2017 | 48.6x | 159x | 6.48x | 51.2x | ₹1,243 Cr | +34.6% | +48.9% |
Lead managers and their listing record
| Book running lead manager | Mainboard IPOs since 2019 | Avg listing gain | Listed at a premium |
|---|---|---|---|
| Axis Capital | 107 | +20.4% | 73% |
| Credit Suisse Securities (India) | 11 | +15.6% | 82% |
| ICICI Securities | 109 | +21.3% | 69% |
| Kotak Mahindra Capital | 83 | +20.8% | 76% |
| Limited | — | — | — |
Offer documents (NSE)
Frequently asked
What is the Home First Finance Company India IPO price band and lot size? ₹517–518 per share, with a lot of 28 shares, so the smallest retail bid is ₹14,504.
How many times has it been subscribed? 26.7x overall: QIB 52.5x, NII 39.0x, retail 6.59x.
How did it list? It opened at ₹619, +19.5% against the issue price of ₹518, and closed its first day +1.8%.
