HomeFirst Finance has successfully raised Rs 1,250 crore through a qualified institutional placement (QIP). The company issued 1.28 crore equity shares at a price of Rs 970 each, representing a 4.8% discount compared to the floor price of Rs 1,019.25 set by SEBI (Securities and Exchange Board of India).

The QIP, which commenced on April 8 and concluded on April 11, garnered substantial interest from both global and domestic investors. This capital infusion has expanded HomeFirst Finance's paid-up capital from Rs 18 crore to Rs 20.6 crore. Concurrently, the total number of outstanding shares has increased from 9 crore to 10.3 crore.

A notable participant in the QIP was the International Finance Corporation (IFC), a member of the World Bank Group, which was allotted 35.9 lakh shares. This allocation constitutes 27.8% of the entire QIP. Other significant investors include HDFC Mutual Fund, acquiring 14.2 lakh shares (11%), Fidelity Funds, with 14.1 lakh shares (10.9%), and Capital World, obtaining 11.1 lakh shares (8.6%).

HomeFirst Finance focuses on catering to first-time home buyers, specifically within the low and middle-income segments.