Home First Finance announces launch of initial public offering
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Home First Finance Company India Ltd. has announced public offering of 22272568 shares at a price of Rs 2.00 each for Cash at a Premium of Rs 516.00 per share. The gross proceeds of the issue are expected to be Rs 1,15,371.90 lakhs.
The company's initial public offer (IPO) will open on 21 January 2021 and is expected to close on 25 January 2021, subject to customary closing conditions. The price band of the issue has been fixed at Rs 517.00-518.00 per share. The IPO includes a fresh Issue of 22272568 Equity Shares of the Company at an price of Rs 518.00 per Equity Share.
The company has fixed the minimum bid lot for the issue at 28 shares with bids in multiples of 28. Home First Finance Company India Ltd.
anticipates using the proceeds of the issue for . Axis Capital Ltd.,Kotak Mahindra Capital Company Ltd.,Credit Suisse Securities (India) P. Ltd.,ICICI Securities Ltd as lead manager(s) & KFIN Technologies Pvt. Ltd. is the registrar, to the issue.
