Home First Finance IPO: Subscribe For Long Term, Says Motilal Oswal
Indian two thousand rupee banknotes are arranged for a photograph in Mumbai, India. (Photographer Dhiraj Singh/Bloomberg)

Home First Finance IPO: Subscribe For Long Term, Says Motilal Oswal

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.

Motilal Oswal Report

Home First Finance is a technology-driven affordable housing finance player with over 44,000 customers and an asset under management of over Rs 373 billion.

The company targets first time home buyers with an average loan ticket size of Rs 1.0 million. It has built a wide distribution network of 70 branches spread across 11 states with Gujarat and Maharashtra contributing 60% share in loans.

The company has invested deeply in digital and analytical capabilities, enabling effective credit underwriting.

Extensive deployment of digital technology across processes- customer acquisition, loan applications, client service, risk management enables it to sanction loans with turn around time of 48 hours.

Click on the attachment to read the full report:

Motilal Oswal Home Finance First IPO.pdf

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