TT&A advises International Finance Corp on ₹348 crore investment in HomeFirst Finance

TT&A advised International Finance Corporation on its subscription to equity shares of Home First Finance Company India Limited vide an ₹1250 crore QIP. IFC invested approximately ₹348 Crores as part of the QIP.

The transaction team consisted of Gautam Saha (Partner), Abhinav Kumar (Partner) and Abhilasha Gupta (Senior Associate).

The International Finance Corporation (IFC), a member of the World Bank Group, has invested the amount as part of a ₹1,250 crore Qualified Institutional Placement (QIP) concluded in April 2025. This marks IFC’s participation in HomeFirst’s first equity fundraising since its 2021 IPO.

HomeFirst issued 1.28 crore equity shares at ₹970 per share, a 4.83% discount to the SEBI-determined floor price of ₹1,019.25. IFC was allotted 35.87 lakh shares, representing 27.84% of the total QIP issuance.

Other notable investors in the QIP included Capital World, Fidelity Funds, HDFC Mutual Fund, Goldman Sachs Asset Management, and White Oak Capital. The strong participation from both global and domestic institutional investors underscores confidence in HomeFirst’s growth trajectory and its focus on affordable housing finance.

Established in 2010, HomeFirst Finance is a leading affordable housing finance player. The Company delivers fast approval loans, hassle-free processes, and loans tailored to customer's specific needs, and offers home loans, construction loans, and mortgage loans.

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