MUMBAI: HomeFirst Finance has raised Rs 1,250 crore through a qualified institutional placement, issuing 1.28 crore equity shares at Rs. 970 each, a 4.8% discount to SEBI’s floor price of Rs 1,019.25. The QIP opened on Apr 8 and closed on Apr 11, drawing strong interest from global and domestic investors. The transaction increases the company’s paid-up capital from Rs 18 crore to Rs 20.6 crore, with total shares rising from 9 crore to 10.3 crore.
International Finance Corporation, a member of the World Bank Group, was allotted 35.9 lakh shares, accounting for 27.8% of the QIP. Other key investors include HDFC Mutual Fund with 14.2 lakh shares (11%), Fidelity Funds with 14.1 lakh shares (10.9%), and Capital World with 11.1 lakh shares (8.6%).
HomeFirst targets first-time home buyers in the low and middle income segments. TNN
International Finance Corporation, a member of the World Bank Group, was allotted 35.9 lakh shares, accounting for 27.8% of the QIP. Other key investors include HDFC Mutual Fund with 14.2 lakh shares (11%), Fidelity Funds with 14.1 lakh shares (10.9%), and Capital World with 11.1 lakh shares (8.6%).
HomeFirst targets first-time home buyers in the low and middle income segments. TNN
