Riding on the strong momentum in the secondary market, shares of Home First Finance Company (HFCC) listed at Rs 618.80 on the NSE, a premium of 19.46 per cent over its issue price of Rs 518. Meanwhile, on BSE, the stock debuted at Rs 612.15, a premium of 18.18 per cent. The stock, however, came under heavy selling pressure and ended just 2 per cent higher against the issue price at Rs 527 on the BSE.
The Rs 1,154 crore initial public offer (IPO) by the firm that ran between January 21-January 25 was subscribed 27 times. The offer of