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Home First Finance’s IPO is pricey, should investors subscribe?

Given the high growth potential, professional management along with a well-capitalised balance sheet, HFFC is well poised for the growth in the affordable housing finance space

January 21, 2021 / 04:14 PM IST
Home First Finance’s IPO is pricey, should investors subscribe?

Home First Finance Company’s initial public offering (IPO) of Rs 1,154 crore opens for subscription today. The issue consists of Rs 265 crore of fresh capital in addition to an offer for sale from some existing shareholders amounting to Rs 889 crore. The primary market offering of the company comes at a time when housing finance companies (HFCs) are back on the growth path shrugging off the disruption caused by the pandemic. Moreover, affordable housing finance (mainly loans up to Rs...

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