Home First Finance Plans Rs 1,500-Crore IPO This Fiscal Year

Jul 17, 2019

Mumbai-based private lender, plans to enter the stock market in FY20 with its Rs 1,500-crore initial share sale, two people aware of the development said. Credit Suisse, Kotak Mahindra Capital and ICICI Securities have been hired to run the sale process.

HFFC was set up in 2010 by former Mphasis chairman Jerry Rao and PS Jayakumar, MD & CEO of Bank of Baroda. Home-grown private equity firm True North Capital owns 80 per cent of HFFC. Another 10 per cent stake is held by VC fund Bessemer Ventures, and the rest is with the management.

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