Mortgage financier Home First Finance Company (HFFC) on Tuesday fixed a price band of Rs 517-518 a share for its initial share-sale, which will open for public subscription on January 21.
The IPO aggregating up to Rs 1,153.71 crore comprises a fresh issue of up to Rs 265 crore and an offer-for-sale aggregating up to Rs 888.71 crore by promoters and existing shareholders, the company said.
ALSO READ: IRFC’s Rs 4,600-crore IPO subscribed 1.22 times on the second day
The offer-for-sale consists of shares worth Rs 435.61 crore by promoter True North Fund V LLP, Rs 291.28 crore shares by promoter Aether (Mauritius), Rs 120.46 crore by investor Bessemer India Capital Holdings II Ltd and up to Rs 41.3 crore by two individual shareholders — PS Jayakumar and Manoj Viswanathan.
The IPO would be open for subscription on January 21 and close on January 25.
Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.
As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.
Support quality journalism and subscribe to Business Standard.