About Truhome Finance IPO
Truhome Finance IPO Details
Truhome Finance IPO is a 100% book-built issue of ₹3,000 crore, comprising a fresh issue of ₹1,500 crore and an offer for sale (OFS) of ₹1,500 crore, with a face value of ₹10 per share. The company filed its DRHP with SEBI on March 9, 2026.
The price band and official dates of subscription and listing will be announced by the company later, but the shares are supposed to be listed on the BSE and the NSE platforms. The book-running lead managers of the issue are JM Financial Ltd., IIFL Capital Services Ltd., Kotak Mahindra Capital Company Ltd. and Jefferies India Pvt. Ltd., while the registrar to the issue is K.fin Technologies Ltd.
Truhome Finance IPO Date & Timeline
Truhome Finance Ltd. officially filed its Draft Red Herring Prospectus (DRHP) on March 9, 2026. However, the specific Truhome Finance IPO date and subscription timeline remain unannounced. Following regulatory approval, the company will finalize the price band and bidding dates. Once cleared, the schedule for anchor allotment, public bidding and the final listing on the exchange will be formally disclosed.
Truhome Finance IPO Timeline
| IPO Open Date | - |
| IPO Close Date | - |
| Tentative Allotment | - |
| Initiation of Refunds | - |
| Credit of Shares to Demat | - |
| Tentative Listing Date | - |
| Cut-off time for UPI mandate confirmation | - |
Truhome Finance IPO Details
| Detail | Description |
|---|---|
| IPO Date | - |
| Listing Date | - |
| Face Value | ₹ 10 per share |
| Issue Price Band | - |
| Lot Size | Fresh capital cum OFS |
| IPO Type | - |
| Total Issue Size | [.] shares (agg. up to ₹ 3,000 Cr) |
| Reserved for Market Maker | - |
| Fresh Issue(Ex Market Maker) | [.] shares (agg. up to ₹ 1,500 Cr) |
| Offer for Sale | [.] shares of ₹10 (agg. up to ₹ 1,500 Cr) |
| Net Offered to Public | - |
| Issue Type | Bookbuilding IPO |
| Listing At | BSE, NSE |
| Share Holding Pre Issue | - |
| Share Holding Post Issue | - |
Truhome Finance IPO GMP (Grey Market Premium)
“Grey Market Premium” or GMP is defined as the rate at which the IPO's shares are traded in the market before they are officially listed on the stock exchange.
The Truhome Finance IPO GMP is currently trading at ₹[.], reflecting the sentiment of unofficial investors before the official listing. This premium suggests a potential listing price of ₹[.], which is [.]% above the issue price. While the Grey Market Premium is a key indicator of demand and investor appetite, it is important to remember that GMP is highly volatile and should not be the sole factor in your investment decisions.
Company Background
Truhome Finance Ltd. was incorporated as Shriram Housing Finance Limited in 2010, in Tamil Nadu, Chennai. The company has built a strong foundation in retail lending over the past decade, with its headquarters in Mumbai, Maharashtra, as its original business evolved significantly, culminating in a major acquisition by the global private equity firm Warburg Pincus in late 2024. Then, in December 2024, the company changed its name to Truhome Finance Ltd. and became a public limited company to proceed with its public listing procedure.
The current core business remains deeply entrenched in the affordable housing finance domain. The firm’s geographic presence spans widely across the country, allowing it to navigate its transition while maintaining operational momentum.
Operations & Product Range
The Truhome Finance Ltd. is structured as a specialised housing finance company that deals with the provision of secured loan facilities for its retail customers. The description of the core services highlights the extent to which the company emphasises its focus on providing loan facilities for housing acquisition and utilising the value of real estate investments. Among the various products available from Truhome Finance are customised loans for house acquisitions and property loans for those seeking funds.
Facilities & Capacity
The capacity of Truhome Finance Ltd. is driven by distribution and origination networks rather than manufacturing, with operations spread across 216 branches in 19 states and union territories. Loan origination is supported by a sourcing framework of over 3,000 in-house sales personnel and more than 6,600 connectors. With this listing, the company plans to focus on leveraging this existing infrastructure to deploy fresh capital efficiently and increase market share in the lending segment.
Brands & Market Presence
Truhome Finance Ltd. is a leading retail-focused affordable housing finance company with assets under management (AUM) exceeding ₹21,124 crores as of Q3 FY26, making it the 3rd-largest player in its segment in India. Its operations are entirely domestic with no international lending exposure and its market position is built on serving the self-employed segment, helping bridge the credit gap for borrowers outside traditional salaried profiles across regional markets.
Revenue Streams & Business Model
Revenue generation for Truhome Finance Ltd is achieved mainly from the income generated from the interest earned on their lending portfolios. The segmental revenue generation highlights the company’s targeted approach to operations, where housing loans contribute about 57.37% of the loan portfolio, whereas loans against properties contribute around 39.22%. In general, the company operates across a broad pan-Indian network; however, based on past trends, it can be observed that its operations are concentrated in the western and southern parts of India, including Gujarat, Maharashtra and Tamil Nadu.
Management & Shareholding
The promoters of Truhome Finance Ltd. are Mango Crest Investment Ltd, which is connected to Warburg Pincus. Before the IPO, the promoters held 98.16% stake of the ownership, but after the IPO, the promoters' shareholding will be diluted as the offering includes ₹1,500 crore OFS by existing shareholders.
Board & Key Management
The leadership of Truhome Finance Ltd. is led by a team of experts with many years of experience. Dinesh Kumar Khara serves as the Chairman and gives strategic direction to the firm. The daily operations are managed by Subramanian Jambunathan, the Managing Director, along with Whole-Time Directors. To ensure good governance, the board includes Independent Directors Ajay Kumar Choudhary, Arvind Kathpalia and Aruna Krishnamurthy Rao for honest oversight. Together, this team uses its knowledge to help the company grow and stay successful.
Truhome Finance IPO Financial Information
Latest Revenue
1,807.34
₹ Crore
Profit After Tax
333.54
₹ Crore
Net Worth
4,182.73
₹ Crore
Total Borrowing
13,487.86
₹ Crore
| Period Ended | Assets | Revenue From Operations | Profit After Tax | Net Worth | Reserves & Surplus | Total Borrowing | |||
|---|---|---|---|---|---|---|---|---|---|
| 31 Dec 2025 | 18,106.06 | 1,807.34 | 333.54 | 4,182.73 | 3,702.66 | 13,487.86 | |||
| 31 Mar 2025 | 15,140.41 | 1,904.52 | 286.24 | 3,436.62 | 2,977.78 | 11,324.49 | |||
| 31 Mar 2024 | 11,820.82 | 1,424.84 | 217.44 | 1,923.73 | 1,196.24 | 9,617.17 | |||
| 31 Mar 2023 | 7,733.56 | 779.46 | 137.75 | 1,299.19 | 973.14 | 6,291.15 | |||
| Amount in ₹ Crore | |||||||||
Truhome Finance Key Performance Indicator
| KPI | Values |
|---|---|
| ROE | 11.62% |
| ROCE | - |
| Debt/Equity | 3.22x |
| RoNW | 7.97% |
| PAT Margin | - |
| EBITDA Margin | - |
| Price to Book Value | - |
| Pre IPO | Post IPO | |
|---|---|---|
| EPS (Rs) | 7.34 | - |
| P/E (x) | - | - |
Truhome Finance IPO Objectives
The company intended to use the Truhome Finance IPO proceeds for strategic purposes:
- • Augmenting the company's tier-1 capital base to meet future capital requirements arising from anticipated business growth.
- • Funding the future lending growth across its loan against property portfolios.
- • General corporate purposes
Truhome Finance IPO Review
Truhome Finance Ltd. is a big player in the affordable housing finance market and has a very important niche because it mostly focuses on self-employed borrowers. This segment needs very specialised underwriting compared to prime salaried lending, but it usually has good yield opportunities.
Financially, the company has shown growing and healthy financial statements, as for Q3 FY26, the total income was reported at ₹1,807.35 crore and the PAT was at ₹333.53 crore. The company intended to support its core business by improving the capital adequacy ratio.
However, the potential investor must check the inherent risk with the achievements, as the company engages in self-employed borrowers, who have been more vulnerable to economic and cyclical downturns, which can directly affect the quality of assets and the number of non-performing assets. The company's operational success after going public will depend on how well it can handle interest rate cycles, keep the cost of funds low and stick to strict credit rules as the loan book grows.
Conclusion
Truhome Finance IPO is an opportunity for investors to invest in a growing company that represents a substantial capital market event within the Indian non-banking financial sector. The company’s engagement with a widespread distribution network and strong institutional backing and is strategically positioned to capitalise on the affordable housing industry opportunity. With this issue, the company aims to fund its future working activities and day-to-day operations.
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Competitive Strengths
A large AUM base amounting to more than ₹21,124 crores, making it a market leader
Unique experience in underwriting and servicing the lucrative segment of self-employed borrowers.
A well-established branch network spread out through 216 branches in 19 states and union territories.
Substantial backing by the prestigious global private equity company Warburg Pincus.
| Sr.no | Description | Date | File |
|---|---|---|---|
| 1 | Filed with SEBI/Exchange | 09/03/2026 | View DRHP |
| 2 | SEBI/Exchange approval received | - | - |
IPO Lot Size
| Investors | No.of lots | Shares Offered | Max Bid Amount |
|---|---|---|---|
| Individual investors (Retail) (Min) | — | — | |
| Individual investors (Retail) (Max) | — | — | |
| S-HNI (Min) | — | — | |
| S-HNI (Max) | — | — | |
| B-HNI (Min) | — | — |