Affordable housing lender submits DRHP to SEBI
Affordable housing finance company Truhome Finance has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India to raise Rs 3,000 crore through an initial public offering. The IPO will include a fresh issue of equity shares worth up to Rs 1,500 crore and an offer for sale of shares valued at Rs 1,500 crore by promoter selling shareholder Mango Crest Investment Limited.
Capital to strengthen lending capacity and regulatory capital base
The proceeds from the fresh issue will be used to strengthen the company’s capital base and support future lending growth. The funds will also help Truhome Finance meet regulatory capital adequacy requirements as it expands its affordable housing finance portfolio across India.
Warburg Pincus-backed lender focused on affordable housing
Formerly known as Shriram Housing Finance Limited, the company was acquired in December 2024 by global private equity firm Warburg Pincus. Founded in 2010, Truhome Finance focuses on providing affordable housing loans along with secured lending products such as loans against property. The company aims to expand access to housing finance for underserved and emerging borrower segments.
Growing AUM and nationwide distribution network
As of December 31, 2025, Truhome Finance reported assets under management of Rs 21,124 crore. Housing loans account for 57.37 percent of its portfolio, while loans against property contribute 39.22 percent. The company operates through a network of 216 branches across 19 states and union territories, supported by more than 3,000 in-house sales personnel, 6,600 connectors and 821 direct selling agents. For the nine months ending December 2025, the company reported a profit after tax of Rs 333.53 crore.
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