HomeFirst Finance Shares in Focus on Securing ₹1,250 Crores Through QIP

Home First Finance Company India Limited (HomeFirst) has successfully secured ₹1,250 crores via a Qualified Institutions Placement (QIP), marking its first major equity fundraise since its IPO in 2021.

This significant development showcases the growing investor confidence in HomeFirst’s affordable housing finance model, driven by its technology-led operations and deep market reach.

Institutional Trust and Strategic Capital Deployment

HomeFirst’s latest fundraising involved the issuance of 1.3 crore equity shares to Qualified Institutional Buyers under SEBI’s ICDR regulations. 

The QIP attracted substantial interest from a blend of foreign and domestic institutional investors, including International Finance Corporation, Fidelity International, Goldman Sachs Asset Management, HDFC AMC, ICICI Prudential AMC, and Bajaj Allianz Life Insurance, among others.

This overwhelming response reflects the market’s belief in HomeFirst’s resilient business model and long-term vision. As highlighted by Managing Director & CEO Manoj Viswanathan, the capital will not only bolster the company’s financial base but also enable deeper customer engagement and geographic expansion. 

Investors’ faith, according to Viswanathan, is a testament to the firm’s consistent and sustainable growth record over the past fifteen years.

Technology-Driven Expansion in Affordable Housing

Operating as a technology-driven housing finance provider, HomeFirst primarily targets first-time homeowners from low and middle-income groups. The company offers housing loans for purchase and construction and operates through 155 branches across 13 Indian states and union territories. 

Its presence is especially prominent in urban and semi-urban areas of Gujarat, Maharashtra, and the southern states, while it is also expanding across Uttar Pradesh, Madhya Pradesh, and Rajasthan.

HomeFirst’s diversified lead-generation model and broad network of connectors have helped it maintain steady momentum in India’s evolving affordable housing finance sector. This robust network, paired with efficient service delivery through digital channels, continues to set it apart from traditional housing finance competitors.

HomeFirst Finance Share Performance 

As of April 17, 2025, at 11:30 HomeFirst Finance Share Price is trading at ₹1,165, reflecting a 0.86% decline from the previous closing price.

Conclusion

The ₹1,250 crore raised through QIP signifies more than just a financial transaction; it represents a strong endorsement of HomeFirst’s value proposition, governance, and future prospects.

As the company scales its operations further, this infusion is expected to support both strategic growth and a continued commitment to making homeownership accessible for underserved segments across India.

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