Mortgage financier Home First Finance company on Tuesday said it has received approval from market regulator Securities and Exchange Board of India (Sebi) to raise Rs 1,500 crore through initial public offering (IPO).
The IPO consists of fresh issue of up to Rs 400 crore and an offer for sale (OFS) of up to Rs 1,100 crore by selling shareholders, the company said in a release.
The promoters and investors who are selling their stake through OFS route are True North Fund V LLP, Aether (Mauritius), Bessemer India Capital Holdings II Ltd, P S Jayakumar, Manoj Vishwanathan and Bhaskar Chaudhry.
The company had filed draft red herring prospectus (DRHP) with Sebi on November 28, 2019.
The equity shares will be listed on National Stock Exchange (NSE) and BSE