This housing finance company is planning ₹3,000cr IPO in India
What's the story
Warburg Pincus-backed TruHome Finance is gearing up for a ₹3,000 crore initial public offering (IPO), Moneycontrol reported. The affordable housing finance company received the green light from the Securities and Exchange Board of India (SEBI) last week and is currently conducting deal roadshows. The IPO will include a fresh issue worth ₹1,500 crore and an offer for sale (OFS) by existing shareholders.
Offer details
Final valuation of the offering still being determined
The upcoming IPO will also include shares sold by Mango Crest, an affiliate of Warburg Pincus. The final valuation of the offering is still being determined by bankers. The pricing of the IPO is likely to be in line with other players in the market such as Aavas Financiers and Home First Finance Company, which have a market capitalization of around ₹11,000 crore each.
Company history
Formerly known as Shriram Housing Finance
TruHome Finance, formerly Shriram Housing Finance, was acquired by US private equity firm Warburg Pincus in May 2024. According to its draft red herring prospectus (DRHP), the company had ₹21,124 crore in assets under management as of December 31, 2025. Its branch network also grew from 131 branches in FY23 to 216 branches by the end of last year.