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Furthermore, should I hold Home First Finance?
Valuations are comfortable and long term investors can hold on to Home First Finance stock. Home First Finance stock was listed at Rs 618. At 10:30, it was trading at Rs 605 down by almost 2 per cent from the listing price.
Also, is home first IPO good?
NEW DELHI: Home First Finance Company made a decent market debut on Wednesday, as the scrip got listed at Rs 612.15 on BSE, an 18.18 per cent premium over its issue price of Rs 518. … The IPO included an offer for sale (OFS) of Rs 888.72 crore worth shares, and a fresh issue of shares worth Rs 265 crore.
How do I start a finance company?
To start your Finance Company as a Section 8 Company, the minimum number of Directors is 2, in India.
- Obtain their DSC and DIN.
- Choose and get the Name approved from the ROC. …
- Apply for a License to do the social work in India, from the Central Government.
- On receipt of License approval, apply for Incorporation.
Is Home First Finance Company A NBFC?
Based out of Mumbai Home First Finance Company (HFFC) Limited (MFL) is a non-banking financial institution registered with the Reserve Bank of India (RBI). The started operations in 2010, the company turned profitable in 2014. The company is currently valued at more than Rs. 850 crores.
Can I buy home first IPO?
The
| IPO Open Date | Jan 21, 2021 |
|---|---|
| Initiation of Refunds | Feb 1, 2021 |
| Credit of Shares to Demat Account | Feb 2, 2021 |
What is the GREY market premium for Home First Finance?
Home First Finance Company shares were quoting a grey market premium of Rs 140 or 27 per cent over the issue price, to trade at Rs 658 apiece on Tuesday.
Will Home First Finance share price increase?
Home First Finance share price rallied as much as 23.4 percent on its first day of trading, February 3, largely due to positive market conditions, better IPO subscription numbers and strong fundamentals. The stock touched an intraday high of Rs 639.50 and low of Rs 565 after opening at Rs 612.15 on the BSE.
Should I subscribe to Home First Finance IPO?
Given the growth prospects, it recommends a ‘Subscribe‘ rating on the issue. “Aided by its high growth momentum on a smaller base, superior underwriting standards, and efficient collections management (GNPAs at <1% and modest credit costs), HFF delivered healthy RoA of 2.7% in FY20.
How can I check my home finance IPO status?
Investors can check the allotment status on the BSE website. Select issue type (Equity), Select issue name (Home First Finance Company India), Enter Application Number and PAN Number, and click on Search button to know the allotment status.
What is Home First Finance IPO?
Home First Finance Company India Limited is a technology-driven housing finance company with a clear focus on first-time homebuyers in the middle and low-income groups. … HFFC has a network of around 70 branches across 60 districts in India with a significant presence in Maharashtra, Gujarat, Karnataka, and Tamil Nadu.