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Mortgage financier Home First Finance Company India Limited on Wednesday (April 16) said it has raised ₹1,250 crore through a qualified institutional placement (QIP), marking its first equity fundraise since its 2021 IPO. The housing finance company issued 1.3 crore equity shares to qualified institutional buyers.
The issue saw strong demand from a mix of prominent foreign and domestic institutional investors. Foreign institutional investors Domestic institutional investors International Finance Corporation HDFC AMC Capital World Aditya Birla Sun Life AMC Fidelity International Invesco AMC White Oak Capital ICICI Prudential AMC Goldman Sachs Asset Management ValueQuest Investment Eastspring Investments Bajaj Allianz Life Insurance Kotak Life Insurance ICICI Prudential Life Insurance Among the foreign institutional investors were International Finance Corporation, Capital World, Fidelity International, Goldman Sachs Asset Management, White Oak Capital, and Eastspring Investments. Also Read: Home First Finance Q3 Results | Net profit, NII post robust growth; ₹1,250-crore fundraise via QIP proposed The issue attracted key institutional players such as HDFC AMC, Aditya Birla Sun Life AMC, ICICI Prudential AMC, Invesco AMC, and ValueQuest Investment.
Life insurance companies, including Bajaj Allianz Life Insurance, Kotak Life Insurance, and ICICI Prudential Life Insurance, also participated. The company said the QIP received an “overwhelming response” from both existing and new investors, including long-only foreign funds and domestic mutual funds. Manoj Viswanathan, MD and CEO, said, "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.
" Also Read: Home First Finance promoters to launch ₹1,267 crore block deal on Monday: sources Shares of Home First Finance Company India Ltd ended at ₹1,175, up by ₹37.65, or 3.31%, on the BSE.
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