COD and Review Committee at its meeting held today i.e. April 08, 2025, inter-alia approved the following…
As filed · Home First Finance Company India Limited has informed the Exchange that COD and Review Committee at its meeting held today i.e. April 08, 2025, inter-alia approved the following: (i) Opening of the QI
What happened
FactHome First Finance Company India Limited has informed the Exchange that COD and Review Committee at its meeting held today i.e. Phiroze Jeejeebhoy Towers,. institutions placement of fully paid-up equity shares of face value ₹2 each (the “Equity Shares”) by Home First.
Why it matters
CapitSignal interpretationA qualified institutional placement issues new shares, so existing holders own a smaller share of the same company unless the proceeds earn more than the dilution costs.
What management said before
Prior statements by this company that CapitSignal has recorded changing.
Capex
DelayedIn co-lending, disbursement for FY26 doubled, rising from INR153 crores in FY25 to INR307 crores in FY26.
In FY27, we will continue to scale the co-lending business by further strengthening the enabling infrastructure.
Change
FactImplication
CapitSignal interpretationPricing
RevisedJust to give you a range, we operate in a yield range of between, say, 12% to about 14%.
Our LAP yields are also in the, say, 14%, 14.5% range.
Change
FactImplication
CapitSignal interpretationDebt
ContradictedAs of Mar'26, 59% of funding came from private and public banks, 15% from NHB, 20% from assignment and co-lending, the balance from NCDs, ECBs, and NBFCs.
Cost of funding difference will be 40bps or at best 50bps, not more than that.
Change
FactImplication
CapitSignal interpretationWatch next
Fact- Issue price versus the current market price
- Stated use of proceeds
- Resulting dilution as a percentage of equity
- As we move toward FY27, we are positioned to achieve 25% AUM growth driven by enhanced distribution, technolog (management committed by FY27)
- We remain confident of delivering 25% AUM growth while maintaining our focus on profitability, portfolio quali (management committed by FY27)
Evidence
- Home First Finance Company India Limited has informed the Exchange that COD and Review Committee at its meeting held today i.e. April 08, 2025, inter-alia approved the following: (i) Opening of the QIP Issue today i.e. April 08, 2025 (ii) the preliminary placement document (iii) Floor Price of QIP Issue being Rs. 1,019.25(opens the original filing in a new tab)
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
- Latest statement · FY26
- Earlier statement · FY26
- Latest statement · FY26
How CapitSignal classified this
- Reasoning:
- QIP base 72; +4 corroborating keywords; +5 quantified amount; +3 quantified percentage; matched on subject
- Matched on:
- the filing's own subject line
- Confidence in the event type:
- 90%