Truhome Finance Ltd, formerly known as , has filed its Draft Red Herring Prospectus (DRHP) with market regulator Securities and Exchange Board of India (SEBI) for a ₹3000 crore
The Warburg Pincus backed Housing Finance Company’s IPO comprises a fresh issue of equity shares of face value ₹ 10 each aggregating up to ₹1500 crores and an offer for sale (OFS) of equity shares (by promoter selling shareholder Mango Crest Investment Ltd) of face value ₹ 10 each aggregating up to ₹1500 Crores.
The proceeds from fresh issue of equity shares are proposed to be utilised towards augmenting the capital base to meet the Company’s future capital requirements including general corporate purposes and onward lending, arising out of the growth of the business, and to ensure compliance with regulatory requirements on capital adequacy prescribed by the RBI from time to time, per a company statement.
The net proceeds are proposed to be deployed over the course of Financial Years ended March 31, 2027 and March 31, 2028, it added. The company said it is the third largest affordable housing finance company in India, with assets under management (AUM) of ₹21124.32 crores as of December 31, 2025.
The Company’s AUM is primarily driven by housing loans, which account for 57.37 per cent of total AUM with an average ticket size of ₹1.91 million (one million equals 10 lakh). Loans against property contribute 39.22 per cent of AUM with an average ticket size of ₹2.07 million, while other loan products account for 3.41 per cent of AUM with an average ticket size of ₹118.82 million.