Home First Finance Company Share Price in Focus; Allocates 15,000 NCDs Valued at ₹150 Crore to Kotak Mahindra Bank

On August 28, 2026, Home First Finance Company India Limited announced the allotment of 15,000 senior secured non-convertible debentures (NCDs) to Kotak Mahindra Bank, as per the exchange filings.  

These debentures have a face value of ₹1,00,000 each, amounting to a total nominal value of ₹150 crore. 

Details of the NCD Allotment 

The allocation was approved by the Committee of Directors and Review Committee on August 28, 2026. The NCDs are set to mature on August 22, 2031, with a tenure of 59 months and 25 days. The coupon rate is set at 7.55% per annum, payable quarterly. 

The debentures are proposed to be listed on the wholesale debt market segment of BSE Limited. 

Security and Payment Structure 

The debentures are secured by a first-ranking pari passu charge over the company's receivables, ensuring a security cover of at least 1.11 times the outstanding amounts. Interest and principal payments are scheduled quarterly, as per the transaction documents. 

Terms and Conditions 

In the event of a payment default, the company will incur an additional interest of 2% per annum over the prevailing interest rate. There are no special rights or privileges attached to these debentures beyond those outlined in the transaction documents. 

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Home First Finance Company India Share Price Performance 

As of August 28, 2026, at 2:33 PM, Home First Finance Company India share price on NSE was trading at ₹1,202.00, up by 0.15% from the previous closing price. 

Conclusion 

Home First Finance Company's issuance of 15,000 NCDs, valued at ₹150 crore, to Kotak Mahindra Bank features a 7.55% coupon rate and a maturity date of August 22, 2031. The debentures are secured with a 1.11 times cover over the company's receivables. 

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