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Home First Finance Company India Limited

Home First Finance Company India Limited

upcoming
₹14,476Min. investment

Home First Finance Company India Limited IPO Details

Price range₹517 – ₹518
IPO type
Regular
Lot size28 shares
Issue size₹1,153.72Cr

Home First Finance Company India Limited Timeline

  1. Pre-apply
    To be announced
  2. Bid start
    To be announced
  3. Bid end
    To be announced
  4. Allotment
    To be announced
  5. Release of funds
    To be announced
  6. Demat transfer
    To be announced
  7. Listing
    To 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.

Checklist

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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?

  1. Step 1

    Log in to your Upstox account to access IPO investments. Next, select the current IPO section.

  2. Step 2

    Specify IPO details. Enter the number of lots and the price you wish to apply for.

  3. Step 3

    Enter UPI ID. After entering your UPI ID, click submit. This will place your bid with the exchange.

  4. Step 4

    Mandate Notification. Your UPI app will receive a mandate notification to block funds.

  5. Step 5

    Approve Request. Your funds will be blocked once you approve the mandate request on your UPI.

Home First Finance Company India Limited IPO FAQs