HFFC's IPO to open on January 21; price band at Rs 517-518 a share

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 firm said

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.

The offer-for-sale consists of shares worth Rs 435.61 crore by promoter True North Fund V LLP, Rs 291.28