Affordable housing lender gears up for next phase of growth.

Truhome Finance Files ₹3,000-Crore IPO Papers with SEBI

Truhome Finance, backed by global private equity firm Warburg Pincus, has submitted draft papers to the market regulator Securities and Exchange Board of India to raise ₹3,000 crore through an initial public offering (IPO). The proposed IPO includes 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. Proceeds from the new issue will be used to strengthen the company’s capital base, support future lending, meet capital adequacy norms prescribed by the Reserve Bank of India, and for general corporate purposes. Founded in 2010 and formerly known as Shriram Housing Finance, the company was acquired by Warburg Pincus in December 2024. With assets under management exceeding ₹21,124 crore, 216 branches across 19 states, and a significant presence in Maharashtra, Gujarat, and Tamil Nadu, Truhome Finance ranks as the third-largest affordable housing finance company in India by AUM. The company recently appointed former State Bank of India Chairman Dinesh Kumar Khara as chairperson, while operations are led by MD & CEO Ravi Subramanian.