Home First Finance company (HFFC) has received markets regulator Securities and Exchange Board of India’s (SEBI) approval to raise Rs 1,500 crore through an Initial Public Offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.
The proceeds of the issue will be utilised towards augmenting its capital base to meet its future capital requirements, arising out of growth of its business and assets and to receive the benefits of listing of the equity shares on the stock exchanges. The book running lead managers to the issue are Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital Company.
HFFC is a Housing Finance Company in India which offers home loan with 48 hours sanctions and hassle-free process.
| Company Name | CMP |
|---|---|
| LIC Housing Finance | 554.60 |
| Piramal Finance | 1990.00 |
| Housing & Urban Dev. | 212.65 |
| Bajaj Housing Financ | 86.00 |
| PNB Housing Finance | 1021.30 |
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