HFFC IPO: HFFC Plans Raise Rs 1500cr Through IPO

HFFC IPO: HFFC Plans Raise Rs 1500cr Through IPO

Home First Finance Company IPO Will Raise Rs 1500 crore

The concept of HFFC is to provide housing finance to first-time residence consumers. HFFC stands for Home First Finance Company Pvt. Ltd. It plans to go public through an initial public offering. Amidst this offer, the company aims to raise over Rs 1,500 crore. It may file IPO draft papers with Sebi in the coming week. According to the source, True North holds up to 44 percent of stake in HFFC while GIC and Bessemer hold 30% and 16% of stake respectively. These are plans to dilute some percent of stake in HFFC through the IPO.

HFFC IPO will include a fresh issue and an offer for sale. Axis Capital, Credit Suisse, ICICI Securities, and Kotak Mahindra securities. The existing shareholders’ stake sale will depend on the valuation of public issues.

Reason Behind The Launch of HFFC IPO?

HFFC finance company was founded by Jaithirth Rao and P S Jayakumar in 2010. Jayakumar has owned a 5 percent stake in the HFFC company. The firm is a joint venture between True North, GIC, and Bessemer. As of September 31st, the loan book of the company stood at Rs 3,200 crore. Moreover, the loan ticket size averaging at Rs 10.4 lakh.

From the last four years, the company has been increased its business under the mix of the annual growth rate of 50 percent. Although, Home finance will have a consistency of capital growth for supporting the growth on an annual basis.

As of the report, HFFC has already been received some capital at the start of the current fiscal. Moreover, the company’s capital stands at 48 percent after the private equity companies infused a total of Rs 328 crore in the first two quarters of fiscal 2019.

The company will reach its loan book at Rs 5,500 crore in one year. So, they require to increase their capital base range between Rs 1,200 crore to Rs 1,400 crore. At present, they have up to Rs 880 crore under the capital base.

Currently, the promoters of the company are still serving on IPO draft prospectus. They have strong determination regarding the upcoming IPO. The company believes that its continued growth and solid quality will attract the investors to park their investments in IPO, said by the officials of Home First Finance Company.

7 Reviews

viagra online generic
1

hi iy df

https://genericviagragog.com cheap viagra online canadian pharmacy

Norbertflush
1

top erectile dysfunction physicians

erectile disorder symptoms ed pills erectile disorder dsm 5 criteria erection pills viagra online erectile function index 5

MatHers
1

Zithromax In Cats MatHers

Cialis Nez Bouche https://buyciallisonline.com/# - cialis generic 2017 Generic Viagra Available In Usa cialis without prescription Is There A Generic Cialis Or Viagra

Stevnubs
1

Viagra Nebenwirkungen Bluthochdruck StevKego

Comprar Cialis Quito https://apcialisle.com/# - Cialis Pediatric Zithromax best generic cialis Canadian Cheap Meds

Stevnubs
1

Kamagra 100mg Berichte StevKego

Cheap Seroquel No Prescription https://apcialisle.com/# - Buy Cialis Buy Prednisone Online Now cialis 40 mg Preise Viagra Bestellen

Stevnubs
1

Prezzo Scatola Cialis StevKego

Online Progesterone Ups Worldwide http://apcialisle.com/# - Buy Cialis Propecia Malaga cialis generic Rash Reaction To Amoxicillin

Stevnubs
1

Cialis Mg Precio StevKego

What Is Zithromax Good For http://apcialisle.com/# - Buy Cialis Virgar cheapest cialis 20mg Viagra Generico Mexico

Write a Review

Read Previous

Buy L&T Finance Holdings Ltd, ICICI Bank Ltd & Venkys India Ltd

Read Next

Buy State Bank of India & Exide Industries Ltd

Translate »