Home First Finance Company Limited to launch IPO on Jan 21, worth band set at Rs 517- 518
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New Delhi: Home First Finance Company India Limited will open the provide interval in relation to its Initial Public Offering (IPO) of Equity Shares on January 21, 2021 (Thursday) and shut on January 25, 2021 (Monday). The worth band for the provide has been determined at [Rs. 517– Rs. 518] per Equity Share. The Company and the Promoter Selling Shareholders could, in session with the guide working lead managers (the “BRLMs”), take into account participation by Anchor Investors which shall be one Working Day previous to the Bid/Offer Opening Date, i.e. Wednesday, January 20, 2021.
The Offer aggregating as much as Rs 11,537.19 million includes of a recent challenge of as much as Rs 2,650 million and a proposal on the market aggregating as much as Rs 8,887.19 million by the Selling Shareholders, being True North Fund V LLP (“True North”) and Aether (Mauritius) Limited (“Aether”) (collectively, “Promoters”), Bessemer India Capital Holdings II Ltd, an current investor and sure particular person shareholders of the Company.
The recent challenge portion of the Offer aggregates as much as Rs. 2,650 million, excluding the pre-IPO placement of roughly Rs 750 million and Rs 40.84 million to Orange Clove Investments B.V (an affiliate of Warburg Pincus) and sure staff of the Company, respectively by means of preferential allotments.
The Offer for Sale aggregates as much as Rs 8,887.19 million; the breakup of which is because the follows: as much as Rs. 4,356.15 million by True North, as much as Rs. 2,912.83 million by Aether, as much as Rs. 1204.61 million by Bessemer India Capital Holdings II Ltd. and as much as Rs. 413.60 million by the 2 particular person shareholders.
Axis Capital Limited, Credit Suisse Securities (India) Private Limited, ICICI Securities Limited and Kotak Mahindra Capital Company Limited are the BRLMs to the Offer.
The Offer is being made by way of the Book Building Process and in compliance with Regulation 6(1) of the Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the “SEBI ICDR Regulations”), whereby no more than 50% of the Net Offer shall be out there for allocation on a proportionate foundation to Qualified Institutional Buyers (“QIBs”, the “QIB Portion”).
Further, not lower than 15% of the Net Offer shall be out there for allocation on a proportionate foundation to Non-Institutional Bidders and never lower than 35% of the Net Offer shall be out there for allocation to Retail Individual Bidders (“RIBs”) in accordance with the SEBI ICDR Regulations, topic to legitimate Bids being acquired at or above the Offer Price.
Capitalised phrases not outlined herein shall have the that means ascribed to them within the crimson herring prospectus dated January 16, 2021 filed with the Registrar of Companies, Maharashtra at Mumbai.
