Home First Finance files DRHP with SEBI for IPO.

Home First Finance Company (HFFC) has filed draft red herring prospectus (DRHP) with the market regulator Securities and Exchange Board of India (SEBI) to raise an estimated Rs 1,500 crore through an Initial Public Offering (IPO). The shares of the company are proposed to be listed on NSE and BSE.

The proceeds of the issue will be utilised towards augmenting its capital base to meet its future capital requirements. The book running lead managers to the issue are Axis Capital, Credit Suisse Securities (India), ICICI Securities and Kotak Mahindra Capital Company.

HFFC is a Housing Finance Company in India which offers home loan with 48 hours sanctions and hassle-free process.

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