HomeFirst Finance Raises Rs. 1,250 crore through QIP

HomeFirst Finance, a technology-driven affordable housing finance company, announced recently the successful completion of QIP, garnering strong participation from leading global and domestic institutional investors. The transaction underscores investor confidence in HFFC's robust growth trajectory, and commitment to empower affordable homeownership in India.

The Committee of Directors and Review Committee of its Board has approved the allotment of 1.28 crore Equity Shares to qualified institutional buyers (QIBs) at an issue price of ₹970 per share (including a premium of ₹968 per share), raising ₹1,249.99 crore. The shares were issued at a discount of ₹49.25 per share (4.83%) to the SEBI-determined floor price of ₹1,019.25. The institutional placement, which opened on April 8, 2025, and closed on April 11, 2025, saw strong demand, increasing the company's paid-up equity share capital from ₹18.01 crore (9,00,55,540 shares) to ₹20.59 crore (10,29,42,137 shares).

The International Finance Corporation (IFC), a member of the World Bank Group and a global authority on sustainable investments, has been allotted 35,87,628 shares, 27.84% of the QIP. Known for its rigorous due diligence, IFC's investment highlights HFFC's position as a trusted player in India's affordable housing finance sector.

In addition to IFC, investments by other global and domestic heavyweights reinforce confidence in the company's ability to attract capital from institutions with a track record of backing scalable, socially impactful businesses. Some of the key investors are Capital World (11,08,446 shares allotted, 8.60%), Fidelity Funds (14,07,314 shares allotted, 10.92%)and HDFC Mutual Fund (14,22,680 shares allotted, 11.04%), show casing a robust demand from marquee institutions.

Shares of Home First Finance Company India Limited was last trading in BSE at Rs. 1058.80 as compared to the previous close of Rs. 1053.45. The total number of shares traded during the day was 22548 in over 1554 trades.

The stock hit an intraday high of Rs. 1068.00 and intraday low of 1026.35. The net turnover during the day was Rs. 23693825.00.

Source : Equity Bulls

Keywords

HomeFirstFinanceCompanyIndia INE481N01025 HousingFinance FundRaising QIP