Shares of Home First Finance Limited listed on the bourses and had a great start debuting at Rs 612.15 on BSE against an issue price of Rs 518. The high on BSE was Rs 639.50, low Rs 521.65 and the close Rs 527.40. The gain was Rs 9.40 or 1.81%. On NSE the discovered price was Rs 618.80, high Rs 640.00, low Rs 522 and close Rs 527.55. The gain was Rs 9.55 or 1.84%.
Home First Finance Limited had tapped the capital markets with its fresh issue of Rs 265 crs and an offer for sale of 171.56 lac shares, was oversubscribed 26.71 times. The issue was in a price band of Rs 517-518 and was open from Thursday the 21st of January to Monday the 25th of January.
Earlier the company had allotted 66,81,766 equity shares to 23 anchor investors comprising of 51 entities. The highest allocation of 6,37,056 equity shares was made to 2 entities of Nomura. This was 9.54% of the anchor allocation. This was followed by an identical allocation of 5,40,540 shares or 8.09% to ICICI Prudential, Birla MF and Nippon India. This was followed by 4,82,608 shares or 7.22% to Fidelity.
The QIB portion was subscribed 52.63 times, HNI portion was subscribed 39.08 times while Retail portion was subscribed 6.60 times. There were 15.12 lac applications and on the basis of lots, the Retail portion was subscribed 5.43 times. Average lot size subscribed was 1.2 lots.
| Exchange | Open | High | Low | Close | Net Change | % Gain/ Loss | Wt.Avg | Volume | Delivery | Del %age |
| BSE | 612.75 | 639.50 | 521.65 | 527.40 | 9.40 | 1.81 | 588.97 | 2025686 | 669924 | 33.07 |
| NSE | 618.80 | 640.00 | 522.00 | 527.55 | 9.55 | 1.84 | 589.34 | 24532661 | 9636855 | 39.28 |
| Total | 26558347 | 10306779 | 38.81 |
The volume at the discovered price was 1,18,146 on BSE and 24,42,406 on NSE. The traded volume on the two exchanges combined was 265.58 lac shares which was 1.19 times the IPO size of 222.72 lac shares and 1.70 times the non-anchor portion of 155.90 lac shares. Delivery volume was 103.06 lac shares which was 38.81% of the traded volume and 66.11% of non-anchor portion. The weighted average of the day’s trade was 588.97 on BSE and Rs 589.34 on NSE. The sharp fall in prices in the last half hour of trade indicates that in all probability HNI’s were sellers and that led to the difference between weighted average and closing price. There were no institutional trades on either BSE or NSE which indicates that QIB’s did not participate in either selling or buying on day one.
