Home First Finance to Raise ₹150 Cr via NCDs

Home First Finance Company has received final approval from its Committee of Directors and Review Committee on August 21, 2026, for a senior secured non-convertible debenture (NCD) issuance of ₹150 crore via private placement.

This approval follows an initial Board authorization on May 6, 2026. The company has formally notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) regarding this development, ensuring full compliance with SEBI regulations.

Key Issuance Details

The NCDs are structured as 15,000 units, each bearing a face value of ₹1,00,000. These instruments are designated as senior, secured, rated, listed, taxable, redeemable, and transferable.

The debentures will be listed on the BSE Wholesale Debt Market Segment. The proposed allotment date is set for August 28, 2026, with a maturity date scheduled for August 22, 2031, resulting in a tenure of 59 months and 25 days.

Interest payments for these NCDs will occur quarterly. The interest rate is calculated as FBIL 3M MIBOR-OIS plus an undisclosed spread, a standard mechanism for such debt instruments.

Security and Compliance

The NCDs are secured by a first-ranking pari passu continuing charge over the company’s receivables, which includes identified cash and cash equivalents. This security interest will maintain a value of at least 1.11 times the outstanding amounts, providing a robust safeguard for investors.

In the event of a payment default extending beyond three months, an additional interest of 2% per annum will be levied over the prevailing rate until the default is fully resolved. The issuance strictly adheres to Sections 42 and 71 of the Companies Act, 2013, and the SEBI (Issue and Listing of Non-Convertible Securities) Regulations, 2021, ensuring regulatory fidelity.