Company plans to raise up to Rs 3,000 crore through a combination of a fresh issue of shares and an offer for sale (OFS) by promoter Mango Crest Investment

Warburg Pincus-backed Truhome Finance has received approval from the Securities and Exchange Board of India (Sebi) to issue its proposed initial public offering (IPO), paving the way for the housing finance lender’s stock market debut.

According to its draft red herring prospectus (DRHP), the company plans to raise up to Rs 3,000 crore through a combination of a fresh issue of shares worth up to Rs 1,500 crore and an offer for sale (OFS) of up to Rs 1,500 crore by promoter Mango Crest Investment.

The company had filed its draft papers with Sebi in March 2026 and received the regulator’s observations during the week ended 01 June, effectively clearing the public issue.

Formerly known as Shriram Housing Finance, the lender was rebranded as Truhome Finance in December 2024 following its acquisition by global private equity firm Warburg Pincus.

Truhome Finance operates in the housing finance segment, with a focus on affordable and mid-income home loan customers across India.

The proceeds from the fresh issue are expected to strengthen the company’s capital base and support future business growth, while the OFS component will provide a partial exit opportunity to the promoter entity.

The company may also undertake a pre-IPO placement of up to Rs 300 crore before the public issue. If completed, the size of the fresh issue will be reduced accordingly.

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

The company’s equity shares are proposed to be listed on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE).