Truhome Finance IPO: Company Profile, Financials and Promoter Contact Brief
IPO Overview
Truhome Finance Limited, formerly Shriram Housing Finance Limited, is preparing a mainboard IPO aggregating up to Rs. 3,000 crore. SEBI issued observations on June 1, 2026, enabling the company to proceed with its proposed offering, subject to applicable requirements and market conditions. Regulatory clearance should not be interpreted as an endorsement of investment quality.
The bookbuilding offer comprises a fresh issue of Rs. 1,500 crore and an offer for sale of Rs. 1,500 crore. Shares, carrying a face value of Rs. 10 each, are proposed for listing on BSE and NSE. The supplied material does not specify subscription dates, price band, lot size or listing date.
Business and Operating Presence
Incorporated in 2010, Truhome Finance operates in retail affordable housing finance. Its secured lending portfolio includes housing loans, loans against property and other products. The company serves self-employed borrowers, a segment where assessing income and repayment capacity requires specialised underwriting.
As of December 31, 2025, its distribution network comprised 216 branches across 19 states and union territories. The average loan ticket size was approximately Rs. 21.30 lakh, while permanent employee strength stood at 5,095.
Its operating framework combines credit assessment, portfolio monitoring, digital customer engagement and field collections. Management’s stated competitive strengths include underwriting expertise, geographical diversification, technology investment and an experienced leadership team.
Promoter and Ownership
Mango Crest Investment Limited is the identified promoter and selling shareholder. It proposes to sell shares worth up to Rs. 1,500 crore through the OFS. Mango Crest is affiliated with global private equity investor Warburg Pincus. The company will receive proceeds from the fresh issue; OFS proceeds will accrue to the selling shareholder.
For promoter interaction, the company secretary’s office provides a practical initial route to request a management meeting, promoter introduction or referral to the appointed IPO communications agency.
Financial Performance
According to the supplied restated financials, total income increased from Rs. 780.50 crore in FY2023 to Rs. 1,425.35 crore in FY2024 and Rs. 1,905.48 crore in FY2025. Profit after tax rose from Rs. 137.75 crore to Rs. 217.44 crore and Rs. 286.24 crore, respectively.
FY2025 income grew approximately 33.7%, while profit increased approximately 31.6%.
For the nine months ended December 2025, total income stood at Rs. 1,807.36 crore and profit at Rs. 333.54 crore. These figures cover nine months and should not be directly compared with full-year numbers.
At December 2025, total assets were Rs. 18,106.06 crore, net worth Rs. 4,182.73 crore and borrowings Rs. 13,487.86 crore. Reported debt-to-equity was 3.22 times and NAV Rs. 86.78 per share.
Fund Utilisation and Discussion Points
Fresh proceeds will strengthen the capital base and support future lending requirements arising from business growth.
A promoter discussion should address loan-book growth, housing-loan versus property-loan mix, borrower concentration, gross and net NPAs, collection efficiency, credit costs, funding costs, capital adequacy and expansion plans. Updated financials, proposed valuation and comparable listed housing financiers should also be requested before forming an investment view.
Company Address and Contact
Registered office: Srinivasa Towers, First Floor, Door No. 5, Old No. 11, Second Lane, Cenotaph Road, Alwarpet, Teynampet, Chennai, Tamil Nadu–600018.
Contact person: Puja Kirit Shah, Company Secretary and Compliance Officer.
Telephone: +91 22 4241 0400
Email: sect@truhomefinance.in
Website: www.truhomefinance.in