Truhome Finance submits draft papers for ₹3,000 crore IPO with SEBI

Warburg Pincus-backed Truhome Finance has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise ₹3,000 crore through an initial public offering (IPO), according to its draft red herring prospectus (DRHP).

The proposed public issue comprises a fresh issue of equity shares worth ₹1,500 crore and an offer for sale (OFS) of ₹1,500 crore by promoter Mango Crest Investment Ltd, an entity owned by private equity firm Warburg Pincus, which currently holds about 98.16% stake in the company.

The company may also consider raising up to ₹300 crore in a pre-IPO placement, which would reduce the size of the fresh issue if completed.

Proceeds from the fresh issue will be used to augment Truhome Finance’s capital base, support future lending growth, meet regulatory capital adequacy requirements set by the RBI, and for general corporate purposes. The funds are expected to be deployed over the financial years ending March 2027 and March 2028.

Founded in 2010 and formerly known as Shriram Housing Finance, the retail-focused affordable housing lender was acquired by Warburg Pincus in December 2024. The company offers housing loans, loans against property and other secured lending products, primarily catering to self-employed customers through a network of 216 branches across 19 states and Union Territories.

As of December 2025, Truhome Finance had assets under management of ₹21,124 crore, making it the third-largest affordable housing finance company in India by AUM.