Star HFL to Pursue NSE Listing as Part of Strategic Growth Roadmap

Pune May 17, 2025: Star Housing Finance Limited (Star HFL), a BSE-listed affordable housing finance company (BSE Scrip Code: BOM: 539017), has announced its decision to initiate the process of listing its equity shares on the National Stock Exchange of India Limited (NSE). This move marks a significant step in the company’s strategic growth roadmap and is subject to meeting the eligibility criteria and receiving necessary regulatory approvals.

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Strengthening Market Presence with Dual Listing

Currently listed on the Bombay Stock Exchange (BSE), Star HFL has made significant strides in serving the affordable housing finance segment across multiple Indian states. With a deep-rooted commitment to financial inclusion, the company focuses on providing home loans to low and middle-income families, especially in semi-urban and rural areas.

By pursuing an NSE listing, Star HFL aims to enhance its market visibility, widen its investor base, and improve liquidity for its shareholders. Dual listing on both leading stock exchanges of India is expected to further strengthen its capital market access and support its long-term expansion plans.

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CEO’s Vision: Visibility, Liquidity, and Inclusion

Commenting on the development, Mr. Kalpesh Dave, CEO of Star Housing Finance Limited, said,
“The decision to list on NSE aligns with our strategic objectives of increasing visibility, enhancing liquidity for our shareholders, and expanding our investor base. As we continue building a strong and inclusive housing finance platform, dual listing will reinforce our presence in the capital markets and improve our access to long-term capital. We remain committed to serving the affordable housing segment while delivering long-term value to all stakeholders.”

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A Track Record of Responsible Growth

Star HFL has consistently demonstrated prudent risk management, robust operational performance, and a socially driven business model. The company operates with a clear mission to bridge the housing finance gap in under-served markets, especially among economically weaker sections (EWS) and low-income groups (LIG).

Its affordable housing loan products are tailored to meet the unique needs of these segments, often overlooked by larger players. The company’s strong foundation and customer-centric approach have positioned it as a trusted brand in the affordable housing finance space.

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Operational Footprint Across Key States

Star Housing Finance Limited currently operates across Maharashtra, Madhya Pradesh, Gujarat, Rajasthan, National Capital Region (NCR), and Tamil Nadu. These states represent a mix of urbanizing regions and high-demand affordable housing markets, allowing Star HFL to tap into significant growth potential.

The company provides long-term housing finance assistance to families looking to purchase or construct affordable housing units. Its focus on smaller towns and rural geographies has allowed it to build a resilient and diversified loan book while contributing to inclusive economic development.

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Registered Under PMAY as a Primary Lending Institution

Star HFL is also a registered Primary Lending Institution (PLI) under the Government of India’s flagship housing scheme — Pradhan Mantri Awas Yojana (PMAY). This registration enables eligible customers to avail subsidy benefits under the Credit Linked Subsidy Scheme (CLSS), further reducing the cost of home ownership for first-time buyers.

This alignment with national housing missions adds credibility to the company’s business model and highlights its contribution to the government’s goal of “Housing for All.”

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Keeping Stakeholders Informed

As the regulatory process unfolds, Star HFL has assured that it will keep its shareholders and stakeholders informed at every step. The proposed NSE listing is part of a well-calibrated strategy aimed at institutionalizing transparency, accountability, and long-term value creation.

With regulatory approvals in the pipeline, investors and market watchers are keenly observing Star HFL’s next steps, anticipating a new chapter of growth and recognition for the company in India’s capital markets.

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About Star Housing Finance Limited

Star Housing Finance Limited (Star HFL) is a retail housing finance company listed on the Bombay Stock Exchange. Since its inception, the company has been committed to serving the affordable housing segment by offering tailored home finance solutions to EWS and LIG families. With a focus on underserved geographies, Star HFL delivers sustainable financial services that drive home ownership and economic upliftment.

The company’s registered and corporate office is based in Mumbai, Maharashtra.