Home First Finance IPO subscribed 27 times on the final day

The Rs 1,154 crore public issue of Home First Finance Company was subscribed 26.65 times on the final day of bidding on Monday.

A technology driven affordable housing finance company received bids of 41.43 crore shares against the offered 1.56 crore shares as per the exchange data. The portion reserved for retail investors was subscribed 6.60 times while qualified institutional buyer (QIBs) and high networth individual category was subscribed 52.63 and 39.08 times respectively.

The IPO proposed to raise Rs 1,153.71 crore which comprises a fresh issue of Rs. 265 crore and an offer for sale of Rs. 888.71 crore by promoters and existing investors and individual shareholders.


Prior to the issue opening on 21 January, it raised Rs 346 crores from 25 anchors. Amongst the FIIs it found interest from Nomura, Fidelity International, Eastspring, Morgan Stanley IM, Buena Vista, TT International, Grandeur Peak, Moon Capital, Discovery. Nomura was the largest investor among foreign institutions, buying 9.5% of the anchor investor portion for Rs 33 crore