Truhome Finance Gets SEBI Nod For ₹3,000 Crore IPO; Listing On NSE And BSE Planned

Truhome Finance, the affordable housing lender backed by global private equity firm Warburg Pincus, has received the Securities and Exchange Board of India (SEBI) approval for its proposed initial public offering (IPO). The regulator issued its observations during the week ended 1 June, clearing the way for the company's stock market debut.

The Truhome Finance IPO is structured as a ₹3,000 crore issue split equally between a fresh equity issuance of ₹1,500 crore and an offer for sale (OFS) of ₹1,500 crore by promoter entity Mango Crest Investment. The company plans to list on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).

The company had filed its draft red herring prospectus with SEBI on 9 March 2026.

How The Money Will Be Used

Proceeds from the fresh issue will go toward strengthening Truhome Finance's capital base to support future lending growth and meet RBI capital adequacy requirements. The company plans to deploy the funds across FY27 and FY28. The OFS portion will give promoter Mango Crest Investment a partial exit from the business.

Before the public issue, the company may also carry out a pre-IPO placement of up to ₹300 crore. If that goes through, the fresh issue size will be trimmed accordingly.

JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book-running lead managers for the issue.

About The Company

Founded in 2010, Truhome Finance was previously known as Shriram Housing Finance. It was rebranded in December 2024 following its acquisition by New York-based Warburg Pincus. The company focuses on retail affordable housing loans, loans against property and related secured lending products, with an average ticket size of ₹21.3 lakh as of 31 December 2025.

Truhome Finance claims to be India's fastest-growing affordable housing finance company, reporting a 48.58% compound annual growth rate (CAGR) in assets under management (AUM) across FY23, FY24, and FY25. The company also reported the highest AUM per branch in its segment at ₹107.23 crore as of December 31, 2025.

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Former SBI Chairman Dinesh Kumar Khara was recently appointed as the chairperson of the company for a five-year term. Ravi Subramanian is the managing director and CEO and has been associated with the Shriram group since 2010.

Sources:

BW Businessworld

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