Home First gets ₹346 cr from investors

Our Bureau Chennai | Updated on January 20, 2021

Home First Finance Company Ltd on Wednesday raised ₹346 crore from 25 anchor investors. The company has allocated 66.81 lakh shares at ₹518 a share to anchor investors.

Nomura was the largest investor among foreign institutions, buying 9.5 per cent of the anchor investor portion for ₹33 crore; Fidelity International picked 7.2 per cent of the shares for ₹25 crore; and Morgan Stanley IM, Buena Vista, TT International picked up 5.8 per centfor ₹20 Cr each. Among domestic institutions, ICICI Prudential MF, Birla MF, and Nippon MF each picked 8.1 per cent of the shares on offer for anchor investors for ₹28 crore each.

The company is backed by marquee shareholders namely; True North, Government of Singapore, Bessemer Venture Partners and Warburg Pincus.

IPO details

The issue consists of a fresh issue of ₹265 crore and an OFS worth ₹888.71 crore The issue will open for subscription on Thursday, and close on Monday, January 25, 2021 Investors can bid for Home First Finance at a price band of ₹517-518 a share

Published on January 20, 2021

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor

You May Also Like