Home First Finance IPO: Investment Rationale By ICICI Direct
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
ICICI Direct Report
Home First Finance is a Bengaluru based technology-driven affordable housing financier that targets customers in the low and middle-income group.
Loans for purchase or construction of homes comprises 92.1% of gross loan assets, as of September 30, 2020.
Salaried customers account for 73.1% and self-employed customers account for 25% of gross loan assets.
The company also offer other types of loans comprising loans against property, developer finance loans and loans for the purchase of a commercial property.
Gross loan assets have grown at a compound annual growth rate of 63.4% in FY18-20 to Rs 3,618 crores and Rs 3730 crore, as of 30 September 2020.
Click on the attachment to read the full report:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.