How to apply for Home First Finance Company IPO

Jan 21, 2021

By: Navdeep Yadav

​​Home First Finance Company IPO

The ₹1,153 cr IPO of Warburg Pincus-backed Home First Finance Company kicked off today.

Credit: Unsplash

​Price band details

The company has set the price band of the issue in the range of ₹517-₹ 518 per share.

Credit: Unsplash

​Subscription update

The issue has been subscribed 33 percent so far on its first day.

Credit: Unsplash

​To apply…

Submit the online application and pay through any supported UPI application via brokerages.

Credit: UPI

​To create a UPI ID…

Download the BHIM app, or any other UPI enabled bank application, where you own an account.

Credit: BHIM

​Details required in an application form

Fill in the UPI ID and other details such as price limit, bid details, among others.

Credit: Unsplash

​Submission to a brokerage or financial advisor

After filling the application, the subscriber can submit the same to its financial advisor or a brokerage.

Credit: Unsplash

​Blocking of funds

The subscriber needs to enter the UPI PIN to approve the UPI application’s funds block mandate.

Credit: Unsplash

​Shares allotment

The funds will be debited from the blocked sum in the subscriber’s bank account on the allotment date.

Credit: Unsplash

​Refund of money

If there is no allotment, all the blocked funds will be unblocked.

Credit: Unsplash

​Invest wisely

Visit bussinessinsider.in

Credit: Unsplash

FPIs make remarkable comeback, infuse ₹2 lakh cr in FY24