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Truhome Finance Limited, an affordable housing finance company backed by Warburg Pincus and formerly known as Shriram Housing Finance Limited, has filed its Draft Red Herring Prospectus with the Securities and Exchange Board of India for a proposed initial public offering. The IPO is structured as a mix of fresh issue and offer for sale, with proceeds intended to strengthen the company’s capital base and support lending growth.
The DRHP provides an overview of the proposed IPO and sets out the company’s financials, governance framework, and business outlook.
Truhome Finance Limited filed its Draft Red Herring Prospectus with SEBI on March 9, 2026, and the filing was subsequently reflected on SEBI’s public issues page on March 24, 2026. The filing marks the formal initiation of the IPO process and is currently under regulatory review.
As per the Truhome Finance Limited IPO DRHP, the proposed issue is a book-built IPO aggregating to approximately ₹3,000 Crore, comprising both fresh issue and offer for sale components.
As outlined in the DRHP, the proposed IPO is structured to include the following components:
| Particulars | Details |
|---|---|
Issue Type |
Book-built issue (Fresh Issue + Offer for Sale) |
Total Issue Size |
₹3,000 Crore |
Fresh Issue |
Up to ₹1,500 Crore |
Offer for Sale |
Up to ₹1,500 Crore |
Promoter Selling Shares |
Mango Crest Investment Ltd |
Face Value |
To be specified in RHP |
Proposed Listing |
NSE and BSE |
Price Band |
To be announced in RHP |
These details reflect indicative disclosures available at the DRHP stage and are subject to change based on SEBI observations and final approvals.
Truhome Finance Limited is a retail-focused affordable housing finance company that provides home loans and mortgage-related products to low- and middle-income customers. It primarily operates in Tier-II and Tier-III cities and semi-urban regions across India.
The company was previously known as Shriram Housing Finance Limited and was acquired by global private equity firm Warburg Pincus in December 2024 through Mango Crest Investment Ltd, which now holds a significant stake.
Important aspects of its business model include:
Offering home loans for purchase, construction, extension, and improvement
Serving both salaried and self-employed borrowers
Focusing on affordable housing segments with smaller ticket sizes
Operating through branch networks, field teams, and distribution partners
The company focuses on underserved borrower segments within the affordable housing finance market in India, as described in the DRHP.
As outlined in the DRHP, the net proceeds from the fresh issue are proposed to be utilised for the following purposes:
| Purpose | Description |
|---|---|
Augment Capital Base |
Augmenting capital base to support growth in lending operations |
Regulatory Requirements |
Meeting capital adequacy norms applicable to housing finance companies |
General Corporate Purposes |
Supporting business expansion, technology, and operational needs |
The offer for sale component will provide partial exit and liquidity to the promoter, and proceeds from this portion will not be received by the company.
The DRHP includes financial data for Truhome Finance Limited for recent years, including assets, income, and profitability figures.
| Fiscal Year / Period | Assets (₹ Crore) | Total Income (₹ Crore) | PAT (₹ Crore) | Net Worth (₹ Crore) |
|---|---|---|---|---|
FY2023 |
7,733.56 |
780.5 |
137.75 |
1,299.19 |
FY2024 |
11,820.82 |
1,425.35 |
217.44 |
As per DRHP |
FY2025 |
15,140.41 |
1,905.48 |
286.24 |
As per DRHP |
9M FY2026 |
18,106.06 |
1,807.36 |
333.54 |
As per DRHP |
*Detailed year-wise financial statements, including audited figures, are available in the DRHP and should be referred to for complete financial information.
Track the IPO journey and current status based on disclosures:
| Milestone / Stage | Date (or Status) | Details |
|---|---|---|
DRHP filed with SEBI |
March 9, 2026 |
IPO initiated with ₹3,000 Crore issue |
DRHP listed on SEBI website |
March 24, 2026 |
Available under public issues section |
DRHP hosted on company website |
March 2026 |
Accessible via IPO-related documents |
SEBI observations |
Awaited |
Under regulatory review |
Filing of RHP |
To be announced |
Will include price band and final details |
IPO Opening Date |
Not yet announced |
Awaited |
IPO Closing Date |
To be announced |
Final schedule pending |
Listing on NSE/BSE |
To be announced |
Subject to completion of IPO process |
Note: Investors should refer to official filings for final IPO dates to learn more about Truhome Finance Limited IPO listing details and price, and listing timelines.
This content is for informational purposes only and the same should not be construed as investment advice. Bajaj Finserv Direct Limited shall not be liable or responsible for any investment decision that you may take based on this content.
Sources
LiveMint — IPO News and Updates, https://www.livemint.com/market/ipo
Economic Times — IPO News: Latest IPO News, Upcoming IPO, https://economictimes.indiatimes.com/markets/ipo
Financial Express — IPO News, https://www.financialexpress.com/market/ipo-news/
NDTV Profit — IPOs, https://www.ndtvprofit.com/ipos
Business Today — IPO Corner: Latest IPO News & Analysis, https://www.businesstoday.in/markets/ipo-corner
Truhome Finance Limited filed its DRHP with SEBI on March 9, 2026, marking the formal initiation of its IPO process.
The IPO comprises a fresh issue of up to ₹1,500 Crore and an offer for sale of up to ₹1,500 Crore by the promoter.
The company is an affordable housing finance provider offering home loans and mortgage products to low- and middle-income customers.
The IPO proceeds are intended to strengthen the capital base, support lending growth, and meet regulatory requirements.
The IPO is currently at the DRHP stage and is under review by SEBI. Further updates will follow after regulatory observations.
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