Home First Finance Company India Limited, will open the Bid/Offer period in relation to its initial public offering of Equity Shares on Thursday, January 21, 2021, and close on Monday, January 25, 2021. The price band for the Offer has been decided at [Rs. 517– Rs. 518 per Equity Share. The Company and the Promoter Selling Shareholders may, in consultation with the book running lead managers, consider participation by Anchor Investors which shall be one Working Day prior to the Bid/Offer Opening Date, i.e. Wednesday, January 20, 2021.
The Offer aggregating up to Rs. 11,537.19 million comprises a fresh issue of up to Rs. 2,650 million and an offer for sale aggregating up to Rs. 8,887.19 million by the Selling Shareholders, being True North Fund V LLP and Aether (Mauritius) Limited, Bessemer India Capital Holdings II Ltd, an existing investor, and certain individual shareholders of the Company
The fresh issue portion of the Offer aggregates up to Rs. 2,650 million, excluding the pre-IPO placement of approximately Rs 750 million and Rs 40.84 million to Orange Clove Investments B.V (an affiliate of Warburg Pincus) and certain employees of the Company, respectively by way of preferential allotments. The Offer for Sale aggregates up to Rs 8,887.19 million; the breakup of which is as follows: up to Rs. 4,356.15 million by True North, up to Rs. 2,912.83 million by Aether, up to Rs. 1204.61 million by Bessemer India Capital Holdings II Ltd. and up to Rs. 413.60 million by the two individual shareholders.