Warburg Pincus-backed TruHome Finance eyes ₹3,000 crore IPO
TruHome Finance, backed by global investor Warburg Pincus, is looking to raise ₹3,000 crore through its IPO, split equally between new shares and a sale by its promoter Mango Crest Investment.
The fresh funds will help boost the company's lending capacity as it targets growing its assets under management from ₹21,124 crore to ₹23,000 crore (company guidance).
Last year, TruHome posted a healthy profit jump of 31.6%, reaching ₹286 crore.
TruHome's journey to becoming India's 3rd-largest affordable housing financier
Started in 2010, TruHome Finance offers housing loans and loans against property, mainly to self-employed folks who often find it tough to get credit elsewhere.
With an average loan size of ₹21 lakh and a presence in 19 states through 216 branches, it's now India's third-largest affordable housing financier.
Warburg Pincus's strategic investment and confidence in TruHome
Warburg Pincus bought TruHome from Shriram Finance in late 2024 and is expected to have total investment of over ₹2,000 crore to back the company's growth plans.
Their continued support signals strong confidence in TruHome's future trajectory.