Home First Finance Company India Ltd. share price target

Affordable housing is not about box-sized, budget homes in far-flung places, where there is no connectivity to work places and little surrounding infrastructure. Affordable housing has to be able to cut across all income segments and has to make economic sense in terms of proximity to work place. The agenda for affordable housing requires a combined publicprivate collaboration and a strong political will to enforce change Excerpts from Deepak...

Financing homes for India's middle class

As of September 30, 2020, the company had ~675 employees and a network of 70 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu. Active customer base...

Home First Finance Company India Ltd - IPO Note Issue Snapshot: Issue Open: Jan 21 Jan 25, 2021, Price Band: Rs. 517 518, *Issue Size: 22,272,568 eq shares, (Fresh Issue of 5,115,830 eq sh + Offer for sale of 17,156,737 eq sh), ssue Size: Rs. 1151.5 1153.7 cr, Reservation for: QIB Upto 50% eq sh Non Institutional atleast 15% eq sh Retail atleast 35% eq sh, Face Value: Rs 2, Book value: Rs 126.06 (September 30, 2020), Bid size: - 28 equity shares and in multiples thereof

As of September 30, 2020, the company had ~675 employees and a network of 70 branches covering over 60 districts in 11 states and a union territory in India, with a significant presence in urbanized regions in the states of Gujarat, Maharashtra, Karnataka and Tamil Nadu. Active customer base...

Home First Finance (Home First) is an affordable housing finance player which targets first time home buyers in low and middle-income groups in the monthly income range of Rs 20k to Rs 50K and who mostly struggle to provide proper documentation and income proof as demanded by formal credit channels. The Company Promoters are True North Fund V LLP and Aether (Mauritius) Ltd. Further, Bessemer has invested in the company since January 2011 and Orange Clove Investments B.V. (an affiliate of Warburg Pincus, a global private equity investor) has acquired a stake in the company in October 2020. Home First has presence in 11 states/60 districts and 70 branches with ~45,000 active customers, and so far, has sanctioned loans to over 50,000 customers. The HFC largely focuses on industrialized states, organized states...