Home First Finance Corporation, lists at ₹618.80 a premium of 19.46% over the issue price of ₹518. As of 11:05 AM on the listing day, the stock was trading at ₹565.55, a premium of 9.17% to the issue price.
Homefirst IPO received good response across all investor categories – QIB, NII and RII. Home First Finance Corporation raised a total of ₹1,153.72 crores from this issue, which consisted of a fresh issue of ₹265 crores and an offer for sale of ₹888.72 crores by the promoter and selling shareholders. The issue was subscribed 26.66 times by investors, resulting in the final allocation of shares by a lottery system.
