Global private equity firm Warburg Pincus-backed Home First Finance Company India Ltd (HFFC) has fixed a price band of ₹517-518 per share for its ₹1,153.72-crore initial public offering (IPO), which opens on Thursday .
The offer comprises a fresh issue of up to ₹265 crore and an offer for sale (OFS) of up to ₹888.72 crore by promoters True North Fund V LLP and Aether (Mauritius) Ltd, existing investor Bessemer India Capital Holdings II Ltd and certain individual shareholders.
Also Read: Warburg ups stake in Home First Finance to 30.62%
The offer will close on Monday, January 25.
The fresh issue excludes a pre-IPO placement of about ₹75 crore and ₹4.08 crore to Orange Clove Investments BV (an affiliate of Warburg Pincus) and certain employees by way of preferential allotments. The OFS comprises up to ₹435.62 crore by True North, up to ₹291.28 crore by Aether, up to ₹120.46 crore by Bessemer India Capital Holdings II Ltd and up to ₹41.36 crore by the two individual shareholders, according to a company statement.
Axis Capital Limited, Credit Suisse Securities (India) Private Ltd, ICICI Securities Ltd and Kotak Mahindra Capital Company Ltd are the book-running lead managers to the offer.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.