India’s Home First Finance readies Rp15bn IPO

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By Jonathan Breen
02 Dec 2019

Home First Finance Co India, a home loan provider, is planning an IPO of up to Rp15bn ($209.1m), according to a draft prospectus filed with the country’s securities regulator.

The listing will comprise Rp4bn in fresh equity, as well as Rp11bn of existing stock that will be sold by six shareholders through an offer-for-sale.

Home First will come to the market after a rough year for the Indian non-bank lending industry, which has suffered a credit crunch ...

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