Home First Finance Company India Ltd IPO
IPO Synopsis
IPO Synopsis
Home First Finance Company India Ltd. is an affordable housing finance company that caters to the low and middle income groups by offering them home loans to construct and buy homes. It further offers other loans like developer finance loans, loans against property and loans to buy commercial property.
Offer Details:
The total issue size is ₹1,154Cr which consist of Fresh Issue of ₹265Cr and Offer for sale of ~1.72Cr shares aggregating to ₹889Cr at the upper end of the price band. The net proceeds from the fresh issue is proposed to be utilized towards augmenting HFFC’s capital base to meet future capital requirements.
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% Shareholding
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Pre-offer
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Post-offer
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Promoter Group
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52.85
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33.70
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Public
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47.15
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66.30
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Total
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100%
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100%
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Post Issue percentage is at upper price band
Objects of the Issue:
- To augment company's capital base to meet future capital requirement
- To achieve share listing benefits on the exchange
Initial Public Offer of up to (*) equity shares of face value of Rs. 2 each (equity shares) of Home First Finance Company India Limited (company) for cash at a price of Rs. (*) per equity share (including a share premium of Rs. (*) per equity share) (offer price) aggregating up to Rs. 1500 Crores comprising a fresh issuance of up to (*) equity shares aggregating up to Rs. 400 Crores by the company (fresh issue) and an offer for sale of up to (*) equity shares aggregating Up to Rs. 1100 Crores comprising up to (*) equity shares aggregating up to Rs. 498.40 Crores by True North Fund V LLP (tn v llp), up to (*) equity shares aggregating up to Rs. 332.2 Crores by Aether (Mauritius) Limited (aether and together with tn V LLP, the promoter selling shareholders), up to (*) equity shares aggregating up to Rs. 176.4 Crores by Bessemer India Capital Holdings II Ltd. (the investor selling shareholder), up to (*) equity shares aggregating up to Rs. 56 Crores by P. S. Jayakumar, up to (*) equity shares aggregating up to Rs. 35.9 Crores by Manoj Viswanathan and up to (*) equity shares aggregating up to Rs. 1.1 Crores by Bhaskar Chaudhry (P. S. Jayakumar, Manoj Viswanathan and Bhaskar Chaudhry, the individual selling shareholders, and together with the promoter selling shareholders and the investor selling shareholder, the selling shareholders, and such equity shares offered by the selling shareholders, the offered shares) (offer for sale and together with the fresh issue, the offer). The offer shall constitute (*)% of the post-offer Paid-up equity share capital of the company. The company may consider a private placement of up to (*) equity shares for cash consideration aggregating up to Rs. 160 Crores, at its discretion, prior to filing of the red herring prospectus with the roc (pre-ipo placement). If the pre-ipo placement is undertaken, the amount raised from the pre-ipo Placement will be reduced from the fresh issue, subject to the minimum offer size constituting at least 10% of the post-offer paid-up equity share capital of the company. The face value of equity shares is Rs. 2 each. The offer price is (*) times the face value of the equity shares. The price band and the minimum bid lot will be Decided by the company