Home First Finance Company to consider ₹150 crore NCD issue on August 21

Mumbai-based affordable housing finance company Home First Finance Company India Ltd on Tuesday (August 18) said it will consider raising up to ₹150 crore through Non-Convertible Debentures (NCDs) at a meeting of its Committee of Directors and Review Committee scheduled for Friday, August 21, 2026.

The proposed issue comprises senior, secured, rated, listed, taxable, redeemable, transferable and non-convertible debentures, which will be issued in one or more tranches through private placement.

The proposed fundraising follows the approval granted by the company’s Board of Directors to raise funds through the issuance of NCDs on a private placement basis. The board approval was communicated in May 2026.

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In July this year, Home First Finance said it expects its assets under management (AUM) growth to exceed 25% in the financial year 2026-27 (FY27) if current demand trends continue.

Managing Director and CEO Manoj Viswanathan said demand has remained strong since October last year, while investments in distribution and team expansion have helped it capitalise on the improving market.

The company also expects growth to pick up in additional markets beyond its traditional strongholds during the year.

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In the June quarter, the company reported a 25.7% year-on-year increase in AUM and 31% growth in disbursements. Viswanathan attributed the performance to sustained customer demand and investments made over the past year to strengthen the company’s distribution network.

The company also reported lower repayments as balance transfer activity declined. Viswanathan said Home First Finance introduced measures over the past 12 to 18 months to reduce loan transfers to competing lenders, helping bring balance transfer rates below their usual range.

He said the sequential movement in Stage 3 provision coverage ratio (PCR) was marginal and did not indicate any change in the company’s credit profile. Home First Finance expects to maintain the ratio in the 25-27% range.

Shares of Home First Finance Company India Ltd ended at ₹1,181.40, up by ₹2.50, or 0.21%, on the BSE.

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