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Truhome Finance, backed by global private equity firm Warburg Pincus, has filed draft papers with the Securities and Exchange Board of India to raise INR 3,000 crore through an initial public offering. The issue includes a fresh equity issue of INR 1,500 crore and an offer for sale of INR 1,500 crore by promoter Mango Crest Investment Ltd. The housing finance company plans to use the proceeds from the fresh issue to strengthen its capital base and support lending growth. Earlier known as Shriram Housing Finance, the lender has built a strong presence in the affordable housing loan segment.
Warburg Pincus-backed Truhome Finance has filed draft papers with the Securities and Exchange Board of India to raise INR 3,000 crore through an initial public offering (IPO), according to its draft red herring prospectus. Advertisement
The proposed IPO consists of a fresh issue of equity shares worth INR 1,500 crore and an offer for sale (OFS) of equity shares worth INR 1,500 crore by promoter Mango Crest Investment Ltd. Shares under the offer carry a face value of INR 10 each.
Proceeds from the fresh issue are proposed to be used mainly to strengthen the company's capital base. The company stated in the draft documents that the funds would help meet future capital requirements arising from business growth and support onward lending activities.
Truhome Finance also indicated that listing its equity shares on stock exchanges would provide several benefits, including enhancing its visibility in the financial markets and creating a public market for its shares in India.
The company has appointed several investment banks as book-running lead managers for the issue. These include IIFL Capital Services, Jefferies India, Kotak Mahindra Capital Company, and JM Financial. KFin Technologies has been appointed as the registrar to the issue. The company intends to list its shares on the National Stock Exchange of India and the BSE.
Truhome Finance operates as a retail-focused affordable housing finance company. The company was earlier known as Shriram Housing Finance and was acquired by Warburg Pincus, following which it was rebranded as Truhome Finance.
The lender has expanded its presence across several states and maintains a geographically diversified loan portfolio. According to details shared in the draft filing, no single state accounts for more than about 18 percent of its total assets under management.
For the nine months ended December 2025, the company reported loan disbursements of around INR 6,382.45 crore. Its assets under management stood at approximately INR 21,124.32 crore during the same period.
Industry data cited in the draft papers showed that the company has been among the faster-growing players in the affordable housing finance segment between FY23 and FY25. During this period, the company recorded a compound annual growth rate of around 48.58 percent in its assets under management.
Earlier investments from Warburg Pincus have also supported the company's growth plans. The private equity firm has invested more than INR 2,000 crore in the lender to strengthen its capital position and expand its lending operations in the affordable housing segment.
The planned IPO is expected to provide the company with additional capital to support expansion in housing finance and further strengthen its position in the affordable home loan market.
Source PTI
FAQ
1. What IPO plans has Truhome Finance announced?
Truhome Finance has filed draft papers with the Securities and Exchange Board of India to raise around INR 3,000 crore through an initial public offering (IPO). The offering will include both a fresh issue of shares and an offer for sale by an existing promoter entity.
2. How is the IPO structured?
The proposed IPO consists of a fresh issue of equity shares worth INR 1,500 crore and an offer for sale (OFS) of equity shares worth INR 1,500 crore by promoter Mango Crest Investment Ltd. The shares offered under the issue carry a face value of INR 10 each.
3. How will the company use the funds raised from the IPO?
The proceeds from the fresh issue are primarily intended to strengthen the company's capital base. The additional capital will support Truhome Finance's lending operations and help meet future funding requirements as the company expands its housing loan portfolio.
4. Who are the key institutions involved in managing the IPO?
Several investment banks have been appointed as book-running lead managers for the issue, including IIFL Capital Services, Jefferies India, Kotak Mahindra Capital Company and JM Financial. KFin Technologies has been appointed as the registrar for the issue.
5. On which stock exchanges will the shares be listed?
The company plans to list its shares on the National Stock Exchange of India and the BSE, which will provide investors with a public market to trade the company's equity shares.
6. What is the background of Truhome Finance?
Truhome Finance was previously known as Shriram Housing Finance before being acquired and rebranded by global private equity firm Warburg Pincus. The company focuses on retail housing finance, particularly in the affordable home loan segment.
7. How has the company performed in recent years?
For the nine months ended December 2025, Truhome Finance reported loan disbursements of about INR 6,382.45 crore and assets under management of around INR 21,124.32 crore. The company has also recorded strong growth in recent years, with a compound annual growth rate of approximately 48.58 percent in its assets under management between FY23 and FY25.
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