Truhome, formerly known as Shriram Housing Finance, was acquired by the U.S. private equity firm from non-bank lender Shriram Finance in a 46.3 billion rupees deal in 2024.
* Truhome Finance’s IPO comprises an issue of new shares worth 15 billion rupees, and an offer for sale of shares worth 15 billion rupees by Warburg.
* This is the first Indian IPO by a mortgage lender since Bajaj Housing Finance’s 65.6 billion rupees IPO in September 2024.
* Warburg currently owns 98.16% of Truhome.
* Should the offer size remain unchanged, Truhome’s IPO would be India’s third-largest issue in 2026.
* The company plans to use the IPO proceeds to meet future capital requirements, according to the draft prospectus.* Truhome’s assets under management (AUM) stood at $2.29 billion as of December 2025.
* The company’s AUM for the fiscal year ended March 2025 grew 29% to $1.92 billion and more than doubled from fiscal 2023’s nearly $872 million.
* JM Financial, IIFL Capital, Jefferies and Kotak Mahindra Capital are the bankers to the issue.
($1 = 92.2930 Indian rupees)