Truhome Finance, backed by global private equity firm Warburg Pincus has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), aiming to raise ₹3,000 crore through its initial public offering (IPO). The proposed issue is structured as a 100 % book-built offer comprising an equal mix of fresh issue proceeds and an offer for sale by existing shareholders, including major promoter Mango Crest Investment Ltd, each aggregating up to ₹1,500 crore.

Truhome Finance, formerly known as Shriram Housing Finance, is an affordable housing finance company focused on providing home loans, loans against property and construction finance, primarily catering to low- and middle-income customers across India.

Truhome Finance IPO - Issue Details

Total Issue Size: ₹3,000 crore through a combination of fresh issue and offer for sale.
Fresh Issue: ₹1,500 crore of new equity shares to be issued by the company.
Offer for Sale (OFS): ₹1,500 crore of existing shares to be sold by promoter Mango Crest Investment Ltd.
Book Running Lead Managers: JM Financial, IIFL Capital Services, Jefferies India, and Kotak Mahindra Capital.
Registrar: KFin Technologies Limited.
Proposed Listing: The equity shares are proposed to be listed on the National Stock Exchange (NSE) and BSE, as per the DRHP. The company will determine the price band and minimum bid lot for the IPO in consultation with the book-running lead manager.

Explore other Upcoming IPOs on BSE and NSE.

Utilisation of Offer Proceeds

The Company proposes to utilise the net proceeds towards augmenting our capital base to meet the Company’s future capital requirements including onward lending, arising out of the growth of the company’s business, and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time.

Check out newly Listed IPOs on BSE and NSE.

About Truhome Finance

Truhome Finance Ltd (formerly Shriram Housing Finance Ltd) is a Mumbai-based affordable housing finance company established in 2010 and rebranded after acquisition by Warburg Pincus and co-investors including Qatar Investment Authority (QIA). The company operates across India through an extensive branch network, offering a range of home loan products such as home purchase loans, construction and improvement loans, balance transfers, top-ups and loans against property, targeting underserved and self-employed segments to make homeownership more accessible. It is registered with the National Housing Bank (NHB) and is among the leading players in the affordable housing finance space.

Truhome Finance has grown rapidly with a broad presence across 19 states and over 200 branches and focuses on building its assets under management (AUM) through disciplined lending and partnerships with banks under co-lending models.

Financially, Truhome Finance has built a strong scale in the affordable housing finance segment with a rapidly growing loan book and asset base. The company’s assets under management (AUM) have crossed ₹20,000 crore, nearly doubling over the past two years.

Disclaimer: This news is solely for educational purposes. The securities/investments quoted here are not recommendatory.

To read the RA disclaimer, please click here

Do you like this edition?