Home First Finance Company India Limited
upcoming
₹14,476Min. investment
Home First Finance Company India Limited IPO Details
Issue size
₹1,153.72Cr
IPO type
Mainboard
Price range
₹517 – ₹518
Listing date
To be announced
Lot size
28 shares
Price range₹517 – ₹518
IPO type
Regular
Lot size28 shares
Issue size₹1,153.72Cr
Home First Finance Company India Limited Timeline
- Pre-applyTo be announced
- Bid startTo be announced
- Bid endTo be announced
- AllotmentTo be announced
- Release of fundsTo be announced
- Demat transferTo be announced
- ListingTo be announced
Founded in 2010 by Jaithirth Rao, P S Jayakumar, and Manoj Viswanathan, Home First Finance Company (HFFC) is a fintech company focussed on the affordable housing space. It is backed by US-based venture capital companies such as Warburg Pincus, True North and Bessemer Venture. It allows borrowers to apply for home loans via a smartphone app, which makes the loan application process paperless. HFFC’s front-end team visits the applicant in person to appraise the borrower. The company also deploys proprietary machine-learning algorithms to assess the credit-worthiness of a customer. As of 30 September 2020, the company had a network of 70 branches covering over 60 districts in 11 states and a union territory in India. It has a significant presence in Gujarat, Maharashtra, Karnataka and Tamil Nadu. It has serviced 44,796 active loan accounts, with the average ticket size ₹10.1 lakh for housing loans. In addition to home loans, HFFC also offers loans against property, developer-finance loans and loans for purchase of commercial property.
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Home First Finance Company India Limited Contact Details
Company NameHome First Finance Company India Limited
How to apply for Home First Finance Company India Limited?
- Step 1
Log in to your Upstox account to access IPO investments. Next, select the current IPO section.
- Step 2
Specify IPO details. Enter the number of lots and the price you wish to apply for.
- Step 3
Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.
- Step 4
Mandate Notification. Your UPI app will receive a mandate notification to block funds.
- Step 5
Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.
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Go to www.upstox.com/ipo or open the Upstox mobile app and select the IPO you wish to apply for from the 'Open IPO' section
Step 2
Click on apply, enter the lot size, price and provide your UPI mandate.
Step 3
Approve the UPI mandate on your UPI app and you are all set!