Repco Home Finance launches IPO

Repco Home Finance launches IPORepco Home Finance Ltd (RHFL), a fully-owned subsidiary of government-run Repco Bank, launched its Rs 270 crore initial public offer (IPO) today, March 13.

The price band for the IPO, which constitutes 25.3% of the post-issue paid-up capital, has been fixed at Rs 165 to Rs 172 a share. The issue values the company at in the range of Rs 1,026 crore to 1,069 crore.

Repco unit launches IPO with price band of Rs 165-172 per share

Repco unit launches IPO with price band of Rs 165-172 per shareRepco Home Finance (Repco), which is a wholly owned subsidiary of Repco bank, has launched its initial public offering (IPO) with a price band of Rs 165-172 per share.

The Chennai-based home financing company is offering about 15.7 million shares through the issue and is aiming to use the capital used to change its capital structure and for future credit growth. The company is sourcing its funds form the National Housing Bank (NHB) and other banks but is looking at other options such as public deposits and non-convertible debentures (NCDs).

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