SEBI approves ₹3,000 cr Truhome Finance IPO; Warburg Pincus to pare stake

Warburg Pincus-backed Truhome Finance is set to make its stock market debut after the housing finance company received approval from the Securities and Exchange Board of India (SEBI) for its proposed initial public offering (IPO) on Friday, June 5.

According to its draft red herring prospectus (DRHP), Truhome Finance plans to raise up to ₹3,000 crore through the IPO, comprising a fresh issue of shares worth up to ₹1,500 crore and an offer for sale (OFS) of up to ₹1,500 crore by promoter Mango Crest Investment Ltd, an affiliate of private equity investor Warburg Pincus.

The company had filed its draft papers with SEBI in March this year and received the market regulator's observations during the week ended June 1, 2026, clearing the way for the public issue.

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Truhome Finance, formerly known as Shriram Housing Finance, was rebranded in December 2024 following its acquisition by Warburg Pincus. The company provides housing finance solutions and is focused on affordable and mid-income home loan segments.

The IPO will be managed by JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company as the book-running lead managers.

The company may also consider a pre-IPO placement of up to ₹300 crore, which, if completed, would reduce the size of the fresh issue.

The equity shares are proposed to be listed on both the NSE and BSE.