 "Home First IPO subscribed 2.2 times on substantial retail interest")
Private equity major Warburg Pincus-backed Home First Finance’s IPO was subscribed 2.2 times on Friday. The retail portion of the issue was subscribed 3.4 times, while institutional investor portion was subscribed 1.4 times. The offer closes on Monday. Home First is looking to raise Rs 265 crore by issuing fresh equity. The issue also has a secondary share sale of Rs 889 crore. The price band for the IPO is Rs 517-518 per share. At the top end, Home First, a housing finance company focused on low and middle-income groups, will have a market cap of Rs 4,520 crore.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%