What is IPO Grey Market Premium (GMP)?

IPO Grey Market Premium (GMP) is an unofficial, over-the-counter premium over the issue price that dealers and investors pay prior to official listing on NSE/BSE.

How is estimated IPO listing price determined?

Estimated Listing Price = Cut-off / Issue Price + Current Grey Market Premium (GMP). For example, an issue price of ₹100 with ₹40 GMP yields an estimated listing price of ₹140 (+40%).

What is Kostak rate in an IPO?

Kostak rate is the fixed profit earned by selling an IPO application before allotment, irrespective of whether the application is allotted shares or not.

What is Subject to Sauda in IPO trading?

Subject to Sauda is an informal contract where payment is made only if the seller receives share allotment in the IPO.

Is IPO Grey Market Premium (GMP) regulated by SEBI?

No. Grey Market transactions are non-exchange over-the-counter commitments and are not officially regulated or endorsed by SEBI. Investors should treat GMP as an informal sentiment indicator.

What is the estimated listing price for Home First Finance Company India Limited IPO?

Based on the upper price band of ₹518 and current GMP of ₹120, the estimated listing price is ₹638 (approx. 23.2% gain).

What is the expected profit per lot for Home First Finance Company India Limited IPO?

With a lot size of 28 shares and current GMP of ₹120, expected profit per retail application lot is approximately ₹3,360.

IPO GreyPremiumLIVE

Grey Market Intelligence

Home First Finance Company India Limited

ListedMainboard

Financial Services · NSE / BSE

Home First Finance Company is an affordable housing finance company catering primarily to low- and middle-income groups, offering housing loans for buying and constructing homes, along with loans against property, developer finance loans, and loans for commercial properties. The company generates leads through connectors, contractors, architects, and affordable housing developers, and as of September 30, 2020, operates 70 branches across 60 districts in 11 states and a union territory, with key markets in Maharashtra, Karnataka, Tamil Nadu, and Gujarat. Leveraging technology for loan processing, risk management, and customer experience, Home First Finance enables quick and transparent loan transactions through its mobile app, servicing 44,796 active loans as of September 2020.

Price Band

₹517 – ₹518

Issue Size

₹1154 Cr

Lot Size

28 shares

GMP

₹120

+23.2%

Est. Listing

₹638

at current GMP

Subscribed

—

Open

21 Jan 2021

25 Jan 2021

Allotment

1 Feb 2021

Refund

2 Feb 2021

Demat Credit

3 Feb 2021

Listing

3 Feb 2021

Last updated 12 days ago

Overview Live GMP Live Subscription Allotment Status

Live Grey Market Premium

Home First Finance Company India Limited GMP Today

Last updated: 19 Oct 2026

Current Premium

₹120+23.2%

Issue Price (Upper)

₹518

Band: ₹517 – ₹518

Estimated Listing Price

₹638

Upper price + GMP

Lot Size

28 shares

Min investment ₹14,504

Date	GMP (₹)	GMP %	Est. Listing
31 Oct 2026	+₹120	23.2%	₹638
30 Oct 2026	+₹120	23.2%	₹638
29 Oct 2026	+₹108	20.9%	₹626

About Home First Finance Company India Limited Public Issue & Market Profile

Home First Finance Company India Limited is bringing an initial public offering (IPO) in the Financial Services sector with an aggregate issue size of ₹1,154 Crores. The shares are offered at a price band of ₹517 to ₹518 per equity share on NSE and BSE. Currently, grey market participants and retail investors are watching the bidding trend, premium movement, and anchor book demand with keen interest.

Public Issue & Pricing Context:

Prospective investors can apply in the retail quota with a minimum of 1 lot comprising 28 shares (approx. ₹14,504 minimum investment). High net-worth individuals (HNI/NII) can bid in the sHNI (₹2 Lakh to ₹10 Lakh) or bHNI (above ₹10 Lakh) categories for enhanced quota allocation.

Basis of Allotment & Listing Timeline:

Allotment reconciliation will be managed by Kfin Technologies Limited. Eligible allottees will receive credit of equity shares into their Demat accounts by 2021-02-03, while un-allotted funds or UPI block mandates will be released on 2021-02-02.

Frequently Asked Questions

What is Home First Finance Company India Limited IPO GMP today?

The latest grey market premium for Home First Finance Company India Limited IPO is ₹120, which indicates an expected listing price of ₹638.

What does Kostak Rate and Sauda mean in IPO GMP?

Kostak rate is the profit amount an investor earns by selling their entire IPO application in the grey market before allotment is finalized.

Is Grey Market Premium officially recognized?

No. GMP is an unofficial indicator discovered between dealers outside of SEBI-regulated exchanges. Actual listing price is determined by demand-supply discovery on NSE/BSE during the pre-open auction.