Home First Finance Company India Limited has successfully raised ₹1,250 crore through a Qualified Institutions Placement (QIP) by issuing 1.3 crore equity shares, the company announced in a regulatory filing on April 16, 2025. This marks the company’s first equity fundraise since its IPO in 2021.
According to the press release, the QIP received an overwhelming response from prominent foreign long-only funds, domestic mutual funds, and insurance companies—both existing and new investors. Notable participants included International Finance Corporation, Capital World, Fidelity International, White Oak Capital, Goldman Sachs Asset Management, HDFC AMC, ICICI Prudential Life Insurance, and Bajaj Allianz Life Insurance, among others.
Commenting on the fundraise, CEO Manoj Viswanathan stated, “This capital infusion will augment HomeFirst’s capital base and further strengthen its ability to expand our footprint, deepen customer engagement, and deliver sustained value to all stakeholders.”
The proceeds are expected to enhance the company’s ability to finance affordable housing for low and middle-income homebuyers and expand its network beyond the current 155 branches across 13 states and union territories in India.
Home First’s focus on tech-driven operations and sustainable growth continues to attract institutional interest, reinforcing its position as a key player in India’s affordable housing finance sector.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions.