Home First Finance Company

Stock Opportunities
43

Promoter (TrueN & Aether) + Orange C to sell 14.7% holding via block deal at 968 which is 8% lower than CMP 1052.
Current promoter holding is 23.38 and Orange C which is public holding is at 22.9 = 46.28
After block deal it will be 31.58.

Promoter holding will get exhausted soon (good news) but orange C will remaing significant. Believe selling pressure will reduce but remains via oragne C.

Disc: Invested post ipo and added recently as well

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Home First Finance | QIP

Board approves to raise Rs 1250 cr through QIP2K08:06 AM

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46

Promoter True North - stake further reduced from 7.45 to 4.74 And
Promoter Aether - reduce from 4.9 to 2.63.
This is good news and as expected.

Current Price to Book is 2.84 which is significately lower than median 4.1

Disc: Invested since IPO and added recently.