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<ul><li><keyword id="3422801" type="PERSON" weightage="20" keywordseo="home-first-finance-company">Home First Finance Company</keyword> (HFFC) is set to launch its ₹1,153 crore initial public offering on January 21.</li><li>The IPO will remain open for subscription until January 25, making it the third IPO of 2021 after <a href="https://www.businessinsider.in/stock-market/news/indian-railway-finance-corporation-irfc-ipo-will-open-on-january-18-and-remain-open-till-january-20/articleshow/80247173.cms">IRFC and Indigo Paints</a>. </li><li>The company has set the price band at ₹517-₹518 per share.</li></ul>Private equity funds Warburg Pincus (WP) backed housing finance company, Home First Finance Company (HFFC) is all set to launch its ₹1,153 crore initial public offering on January 21. The IPO will remain open for subscription until January 25, making it the third IPO of 2021 after <a href="https://www.businessinsider.in/stock-market/news/indian-railway-finance-corporation-irfc-ipo-will-open-on-january-18-and-remain-open-till-january-20/articleshow/80247173.cms">IRFC and Indigo Paints</a>. The company has set the price band at ₹517-₹ 518 per share. An investor can place a minimum bid of 28 equity shares and in multiples of 28, thereafter. The Mumbai-based affordable housing finance company received capital markets regulator Sebi’s approval for an initial public offering in <a href="https://www.thehindubusinessline.com/markets/stock-markets/home-first-finance-company-gets-sebi-approval-for-1500-crore-ipo/article30970681.ece">March last year</a>, but the coronavirus pandemic led to the delay in its plans. The public issue consists of a fresh issue of ₹265 crore and an offer for sale of ₹888.72 crore by existing shareholders, who will be selling part of their stake. Home First Finance Company opens on Thursday <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Particulars </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Issue details </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Opens on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 21 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Closes on </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">January 25 </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Price band </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">₹517-₹ 518 per share </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Minimum bid </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">28 equity shares </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for qualified institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">50% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for non-institutional buyers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">15% </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Reservation for retail investors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">35% </td></tr></tbody></table> Once the IPO is concluded, the shares are likely to hit the bourses on February 3. The equity shares will be listed on both the exchanges — BSE and NSE. Axis Capital, Credit Suisse Securities, ICICI Securities and Kotak Mahindra Capital are the lead managers for its initial public offering (IPO). Private equity fund Warburg Pincus (WP) holds 30.62% stake in the company. The marquee investor increased its stake in the company by <a href="https://www.moneycontrol.com/news/business/ipo/warburg-pincus-raises-stake-in-ipo-bound-home-first-finance-company-to-30-62-6345531.html">5.03% just a week ago</a>, ahead of the IPO. <keyword id="8861651" type="UNKNOWN" weightage="20" keywordseo="Home-First-Finance-company-IPO">Home First Finance Company IPO</keyword>: All you need to know <ul><li>Home First Finance Company is a technology-driven, affordable housing finance company, providing home loans to customers from low and middle-income groups.</li><li>The RHP indicated that the company’s gross loan assets have grown at a compound annual growth rate (CAGR) of 63.4% to ₹3730 crore, between the fiscal year 2018-2020.</li><li>According to CRISIL Research by FY23, the affordable housing outstanding credit will increase at approximately 9% to 10% CAGR to ₹1190000 crore. </li><li>The grey market premium suggests an upside of <a href="https://www.ipowatch.in/2021/01/home-first-finance-ipo-gmp-grey-market-premium-today.html">₹90-100</a> for the price band set at ₹517-₹ 518 per share. </li></ul>SEE ALSO: <a href="https://www.businessinsider.in/budget/news/indian-government-budget-dilemma-curb-the-sale-of-cigarettes-or-let-the-over-12-billion-tobacco-industry-provide-the-much-needed-cash/articleshow/80340422.cms" data-type="tilCustomLink">Indian government’s budget dilemma – curb the sale of cigarettes or let the over $12 billion tobacco industry provide the much needed cash</a> <a href="https://www.businessinsider.in/stock-market/news/exclusive-nilesh-shah-of-kotak-mahindra-amc-says-foreign-inflows-profit-growth-are-helping-sensex/articleshow/80339362.cms" data-type="tilCustomLink">One of India's money managers explained ‘the mother of all bull runs’ using Amitabh Bachchan-starrer Amar, Akbar, Anthony</a>

Warburg Pincus-backed Home First Finance Company to launch ₹1,153 crore IPO on January 21

<ul><li>The basis of allotment for ₹1,153 crore initial public offering (IPO) of Warburg Pincus-backed, <keyword id="8369767" type="UNKNOWN" weightage="20" keywordseo="Home-First-Finance">Home First Finance</keyword> Company will be announced today (January 29).</li><li>The mortgage financier's IPO was subscribed 27 times the offer value until the last day of bidding.</li><li>Here's how to check HFFC IPO allotment status on the registrar website and stock-exchanges.</li></ul>The basis of allotment for ₹1,153 crore initial public offering (IPO) of Warburg Pincus-backed, Home First Finance Company (HFFC) will be announced today (January 29). The mortgage financier's IPO clocked in a massive response from investors until the last day of subscription — the issue was subscribed 27 times the offer value. This was the third initial public offer this year. According to data from the stock-exchanges, the issue received bids for 41.64 crore equity shares against the offered size of 1.56 crore equity shares. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Home First Finance Company IPO </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Qualified Institutional Buyer </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Non-institutional Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Retail Individual Investor </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Total </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">No. of times issue subscribed </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">52.53x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">39.00x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">6.59x </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">26.66x </td></tr></tbody></table> The listing is scheduled for February 3rd, and equity shares will be listed on both the exchanges — BSE and NSE. The public issue garnered a decent response in the grey market — the shares were commanding a premium of ₹60-70 over the set price band of ₹517-₹518 per share. While the grey market is not an official measure of the market premium, it is a fair indicator of demand for the shares in the market. Here’s how to check the <keyword id="10671653" type="UNKNOWN" weightage="20" keywordseo="Home-First-Finance-IPO-allotment-status">Home First Finance IPO allotment status</keyword>: If you have bid for the Home First Finance IPO, you can check your allotment status by following these simple steps: To check on the stock-exchange website: <ul><li>To check the <keyword id="10671649" type="UNKNOWN" weightage="20" keywordseo="Home-First-Finance-IPO-allotment">Home First Finance IPO allotment</keyword> status, go to the<a href="https://www.bseindia.com/investors/appli_check.aspx"> BSE website</a> or <a href="https://www1.nseindia.com/products/dynaContent/equities/ipos/ipo_login.jsp">NSE website</a>.</li><li>On BSE, Select ‘Equity’ and then from the dropdown, select ‘Home First Finance.’</li><li>Now, enter your application number and PAN.</li><li>Hit ‘Search’.</li></ul>Please note the details will only be available once the shares are allotted. You can also visit the Registrar website (<a href="https://ris.kfintech.com/ipostatus/ipos.aspx">KFintech Private Limited</a>) to check your application status. <ul><li>Since Link Intime India is the registrar for Home First Finance IPO, you can visit its website <a href="https://ris.kfintech.com/ipostatus/ipos.aspx">here</a>.</li><li>Click on ‘Company selection’ and click on ‘Home First Finance IPO.’ It will only appear post allotment on January 29.</li><li>Once the company is selected, you will have to enter either your PAN detail, the application number, or client ID.</li><li>Enter the captcha and click ‘submit.’</li></ul>Your application status will appear on the screen once you click ‘submit.’ Please make sure the details provided are correct. It will show the number of shares you subscribed to and the number of shares allotted to you. SEE ALSO: <a href="https://www.businessinsider.in/budget/news/prime-minister-narendra-modi-signals-big-defence-budget-allocation-for-make-in-india/articleshow/80511082.cms" data-type="tilCustomLink">India’s Prime Minister Narendra Modi may just have signalled a big allocation for defence equipment manufacturing, 3 days before the budget</a> <a href="https://www.businessinsider.in/business/startups/news/priyanka-chopra-jonas-makes-another-tech-investment-this-time-in-us-based-rental-marketplace-apartment-list/articleshow/80554158.cms" data-type="tilCustomLink">Priyanka Chopra Jonas makes another tech investment – this time in US-based rental marketplace Apartment List</a>

Home First Finance IPO allotment: Here's how to check share allotment status

<ul><li>The IPO will remain open for subscription until January 25, making it the third IPO of 2021 after <a href="https://www.businessinsider.in/stock-market/news/indian-railway-finance-corporation-irfc-ipo-will-open-on-january-18-and-remain-open-till-january-20/articleshow/80247173.cms">IRFC and Indigo Paints</a>. </li><li>The shares were commanding a premium of ₹90-100 in the grey market, over the set price band of ₹517-₹ 518 per share. </li><li>The company owned by a clutch of private equity investors had a network of 70 branches covering over 60 districts in 11 states in India on September 30— and its profit has grown nearly 5 times in the past three years. </li></ul>The ₹1,153 crore IPO of private equity funds Warburg Pincus-backed, <keyword id="8369767" type="UNKNOWN" weightage="20" keywordseo="Home-First-Finance">Home First Finance</keyword> Company (HFFC) is now open for public subscription. The IPO has opened days before the annual budget where Finance Minister Nirmala Sitharaman is expected to give added thrust for affordable housing while residential remains clogged with oversupply, at least in the big cities. The<a href="https://www.cnbctv18.com/real-estate/budget-brainstorm-know-whats-in-store-for-affordable-housing-8033451.htm"> expected government support</a> for the nearly ₹12 lakh crore affordable housing industry is only one of the many factors making Home First Finance’s IPO quite attractive. The lender has managed to grow its profit five times over in just the last three years. <div type="image" title="HFFC" msid="80381954" hostid="261"></div> The grey market is already paying a hefty premium for the shares The public issue of the mortgage financier garnered a decent response in the grey market — the shares were commanding a premium of ₹90-100 over the set price band of ₹517-₹ 518 per share. However, the grey market is not an official measure of the market premium. But it is a fair indicator of demand for the shares in the market. Nearly all the analysts' reports have given a 'subscribe' rating for the IPO, citing its resilient performance during the pandemic and increasing market share in home loans. Streets View: Home First Finance Company IPO <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Brokerage </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Recommendation </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Ventura Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Yes Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Subscribe </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">ICICI Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Not Rated </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Axis Securities </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Not Rated </td></tr></tbody></table> The company owned by a clutch of private equity investors raised a little over ₹346 crore from anchor investors, ahead of its initial share-sale from 25 anchor investors including Nomura, Fidelity International, Morgan Stanley India Investment Fund, Goldman Sachs (Singapore), ICICI Prudential Mutual Fund, Nippon India MF and Tata AIA Life Insurance, among others. <div type="image" title="HFFC share holding" msid="80381934" hostid="261"></div> Justified valuation, healthy financials, strong network, substantial demand for affordable housing finance and much more — here’s what analysts have to say about the IPO <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Growth </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Profit has more than doubled every year since financial year 2018 </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Network </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">70 branches across 60 districts in 11 states and union territories </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Management </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Manoj Viswanathan⁠— He has over 24 years of experience in the consumer lending </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Valuation </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Angel Broking says IPO is priced at 3.6 times the book value, nearly half that of its peer, Aavas Financiers, which is trading at 6.72 times. Lower multiple indicates more headroom for the stock to gain. </td></tr><tr><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Quality of loans </td><td style="border-left:solid #000000 1pt;border-right:solid #000000 1pt;border-bottom:solid #000000 1pt;border-top:solid #000000 1pt;vertical-align:top;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Gross non-performing assets, simply put loans unlikely to be repaid, are at 0.7% as of Sep-end. Angel Broking calls it ‘stable’. </td></tr></tbody></table> The latest housing sales data has been exciting Even home sales, which have been sluggish for a few years, saw a sharp spike of 78% between September and December 2020, according to PropEquity. “Today stars are aligned for real estate activity in work from home. All of us here are one room short of our houses. I'm staying in a four-bedroom house. I want a fifth bedroom so that I can do my work properly. So there is customer demand. Real estate prices since 2016 have stagnated, or they have come down actually, so it has become more affordable to buy a house,” Nilesh Shah, Managing Director at Kotak Mahindra Asset Management⁠— and a part-time member of the Prime Minister’s Economic Advisory Council⁠— told Business Insider in a recent interview. <div type="Youtube" id="v02oeojB4Jk" title="One Of India's Money Managers Explained ‘The Mother Of All Bull Runs’ Using Amar, Akbar, Anthony" thumbUrl="https://i.ytimg.com/vi/v02oeojB4Jk/mqdefault.jpg"></div> "We expect the company to post strong growth driven by strong demand for affordable housing. Given the growth prospects, we recommend a subscribe rating on the issue," Angel Broking said in its report on Home First Finance. SEE ALSO: <a href="https://www.businessinsider.in/stock-market/news/sensex-crossed-the-50000-mark-for-the-first-time-ever-amid-a-global-stock-market-rally/articleshow/80379030.cms" data-type="tilCustomLink">Sensex breaches the historic 50,000 mark as Joe Biden's swearing in triggers a cheer in Indian markets</a> <a href="https://www.businessinsider.in/business/news/future-retail-reliance-deal-gets-sebi-approval-amazon-says-it-will-continue-to-fight-legally/articleshow/80378040.cms" data-type="tilCustomLink">Future Retail-Reliance deal gets SEBI approval, Amazon says it will continue to fight legally</a>

Warburg Pincus-backed Home First Finance’s ₹1,153 crore IPO has opened as markets hope budget will push for affordable housing

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Warburg Pincus-backed Home First Finance Company to launch ₹1,153 crore IPO on January 21

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Home First Finance IPO allotment: Here's how to check share allotment status

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Warburg Pincus-backed Home First Finance’s ₹1,153 crore IPO has opened as markets hope budget will push for affordable housing

Navdeep Yadav

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