Warburg Pincus-backed Truhome Finance gets SEBI nod for ₹3,000-crore IPO

Truhome Finance Limited, a retail-focused lodging concern company, formerly known arsenic Shriram Housing Finance Limited, has received the Securities and Exchange Board of India (SEBI) support for its projected ₹3,000 crore archetypal nationalist offering (IPO), the institution said successful a regulatory filing connected Friday.

The nett proceeds are projected to beryllium utilised towards augmenting the superior basal to conscionable the company’s aboriginal superior requirements including wide firm purposes and onward lending, according to a institution communique. The proceeds are projected to beryllium deployed implicit the people of fiscal years ending March 31, 2027 and March 31, 2028.

Founded successful 2010, Truhome Finance, a wholly owned subsidiary of Shriram Finance Limited was acquired successful December 2024 by New York-based planetary backstage equity firm, Warburg Pincus. The institution offers a broad suite of secured lending products including lodging loans, loans against spot and different related offerings.