Home First Finance
Home First Finance Company (HFFC) in November filed a draft red herring prospectus with SEBI for its proposed IPO through which it expects to raise Rs 1,500 crore. The IPO comprises a fresh issue of Rs 400 crore and Rs 1,100-crore offer for sale by promoters and investors. The Mumbai-based firm is expected to hold its IPO this year.
The offer for sale consists of Rs 498.4 crore worth of shares by True North Fund V LLP, Rs 332.2 crore worth of shares by Aether (Mauritius) (both are promoter selling shareholders), and Rs 176.4 crore shares by Bessemer India Capital Holdings II, Rs 56 crore shares by PS Jayakumar, Rs 35.9 crore shares by Manoj Viswanathan and Rs 1.1 crore shares by Bhaskar Chaudhry.