Home First Finance IPO GMP Today – Latest Grey Market Premium Updates

Home first IPO GMP

Home First Finance IPO GMP Today, HFFC IPO Grey Market Premium Updates | Home First Finance Company IPO Listing Gain, Latest target, Opening gain

Home First Finance, is expected to launch its initial public offering (IPO) for subscription next week.

Home First Finance Company is an affordable housing finance company. The company primarily caters to the low and middle income groups by offering them housing loans to construct and buy homes. It further offers other loans like loans against property, developer finance loans, and loans to buy commercial property.

Home First Finance Company received the approval from the capital market regulator Sebi for its initial public offering in March last year. The Rs 1,500-crore public issue comprises of a fresh issue of Rs 400 crore and an offer for sale of Rs 1,100 crore by promoters and existing shareholders.

Check out Home First Finance IPO grey market premium, Kostak rates, and subject to sauda rates as of today.

Home First Finance IPO Details:

Issuer Home First Finance Company
Issue Type Book Built Issue IPO
Issue Period Issue Opens: January 21, 2021
Issue Closes: January 25, 2021
Price Brand ₹517 to ₹518 Per Share
Issue Size ₹1153.72 Crores
Face Value Rs.2 per Equity Share
Market Lot 28 Shares
Maximum Bid amount for Retail Rs. 2 Lakhs
QIB 50% of the issue size
NIB 15% of the issue size
Retail Individual Bidders 35% of the issue size
Offer for Sale ₹ 888.72 Cr
Fresh Issue ₹ 265 Cr
Listing at NSE & BSE
Apply With Upstox Free DEMAT Account
Equity 2,94,11,764 Shares
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Home First Finance IPO GMP Rates day by day

Home First Finance Grey market premium as on today

Date GMP (in INR) Kostak (in INR) Subject to Sauda
03 FEB 2021 170 350 2000
02 FEB 2021 120 350 2000
01 FEB 2021 95 350 2000
31 JAN 2021 70 350 2000
30 JAN 2021 80 400 2000
29 JAN 2021 110 350 2000
28 JAN 2021 90 350 2000
27 JAN 2021 90 350 2000
26 JAN 2021 140 350 2000
25 JAN 2021 100 350 2000
24 JAN 2021 140 400 2500
23 JAN 2021 170 600 4000
22 JAN 2021 172 600 4000
21 JAN 2021 162 600 3000
20 JAN 2021 160 550 2500
19 JAN 2021 100 450 2500
18 JAN 2021 105 550 2500
17 JAN 2021 100 ₹N/A ₹N/A
16 JAN 2021 120 ₹N/A ₹N/A
15 JAN 2021 75 ₹N/A ₹N/A
14 JAN 2021 70 ₹N/A ₹N/A


Home First Finance IPO Market Lot:

 Lot Size:  Minimum 29 Shares & Maximum 377 Shares
 Minimum Amount:  ₹14790
 Maximum Amount: ₹192270

Home First Finance IPO Allotment & Listing:

 Basis of Allotment: January 29, 2021
 Refunds: February 1, 2021
 Credit to Demat Account: February 2, 2021
 Listing Date: February 3, 2021

Check:- Home First Finance IPO Allotment Status


– IPO Grey Market Premium (IPO GMP) mention is valid for the specific date as mentioned in the header.
– We are not buying and selling IPO forms on IPO Grey Market.
– Kostak Rate is the premium one gets by selling his/her IPO application (in an off-market transaction) to someone else even before allotment or listing of the issue.
– Do not subscribe for IPO by just seeing premium Price as it may change anytime before listing. Subscribe only considering Fundamental of the companies

IPO GMP rates are provided as sourced from market intelligence. Please note these IPO GMP rates may be different depending on geographies and markets.

We don’t trade into grey market nor do we facilitate buying or selling of IPO forms.

What is Grey Market?

Grey Market is the term used to describe unregulated over-the-counter market for trading IPO applications and IPO shares before the stock is listed at a stock market. This is a way for dealers to support their customers who may want to exit before listing.

This is also a way to boost the listing price and support the issue before listing happens. There are two kinds of transactions that happen in thee IPO grey market:

  • Trade of IPO shares at a grey market premium
  • Trade of IPO application at a kostak.

What is Grey Market Premium?

GMP or Grey Market Premium is the premium at which equity shares from the IPO are being traded in the grey market.

This could either be a positive or negative – meaning the trading price in the grey market is either higher or lower than issue price respectively, based on demand and supply for the shares.

Typically, investors who do not want to take the risk of allocation not happening through IPO will buy shares in the gray market and hope to flip the shares on listing to make a good profit.

What is Kostak?

Kostak is the premium at which IPO application is being traded in the grey market. Applications are typically traded after the application window is closed but the allotment has not yet been finished.

It is rare for someone to trade IPO application post-allocation. This is a way for investors to increase their chance of shares being allotted as the allocation process treats each retail application equally. An example (indicative) for kostak is:

– IGL Limited
– Issue Price: Rs 480 Per Equity Share (at upper band)
– Lot Size: 14
– Grey Market Premium: Rs 350 to Rs 360
– Kostak (Rs 100000): Rs 2500 to Rs 2600

As can be seen the Kostak is at a much lower %age than GMP. This indicates that the grey market expects the issue to be oversubscribed and expects on an average only one lot to be allocated per application.

Kostak rate is the amount an investor gets by selling his/her IPO application in grey market. This is the amount an investor stands to gain, irrespective of allotment status.

Subject to Sauda simply reflects the amount which an investor stands to get by selling his/her application for firm allotment. The key operative word here is firm allotment. In case of no allotment to the applicant, the sauda stands cancelled.

In case of ‘Subject to Sauda’ deal, while selling IPO application in the grey market, buyer and seller agree that deal is only valid if the seller will get the allotment. If the seller doesn’t get any shares in IPO process, the deal gets avoid.

Home First Finance IPO GMP FAQs

What is the Grey Market Premium (GMP) price of Home first finance IPO?

The Grey Market Premium of Home first finance IPO is approx. Rs.75+ at the moment.

What is the Subject to Sauda price for Home first finance IPO?

The Subject to Sauda price for Home first finance IPO is approx. Rs. 500/-

How much will be listing gain in Home first finance IPO?

Home first finance IPO listing gain will be approx. Rs.3000/- (update on a daily basis)

What is kostak price of Home first finance IPO?

The Kostak price of Home first finance IPO is approx. Rs 1000/-.

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