Truhome Finance Limited, formerly known as Shriram Housing Finance Limited, has filed its Draft Red Herring Prospectus (DRHP) dated March 9, 2026 with the Securities and Exchange Board of India (SEBI), BSE Limited, and National Stock Exchange of India Limited. The filing has been made in connection with the company’s proposed initial public offering (IPO) of equity shares.
The proposed IPO will consist of equity shares with a face value of ₹10 each. The public offering is expected to help the company strengthen its capital base and support its future business expansion.
IPO Structure and Offer Size
According to the DRHP, the total offer size is expected to aggregate up to ₹30,000 million. The IPO will comprise two components: a fresh issue of equity shares aggregating up to ₹15,000 million and an offer for sale (OFS) of equity shares worth up to ₹15,000 million by an existing and eligible shareholder of the company.
The fresh issue proceeds are typically used by companies to support business growth, strengthen capital adequacy, and meet general corporate purposes, while the offer for sale enables existing shareholders to partially monetize their holdings.
Liquidity and Funding Profile (Q3 FY26)
For the quarter ended December 31, 2025, the company reported a strong liquidity position with a Liquidity Coverage Ratio (LCR) of 205.50%, significantly above regulatory requirements. Total High Quality Liquid Assets (HQLA) stood at ₹1,28,138.01 lakh against net cash outflows of ₹62,354.17 lakh. Borrowings remain concentrated, with the top 10 borrowings accounting for 58.81% of total borrowings. Bank term loans form the largest funding source at 51.38% of total liabilities, followed by loans from the National Housing Bank at 17.06%, reflecting reliance on institutional funding and diversified borrowing instruments.
Company Background
Truhome Finance Limited operates in the housing finance sector and focuses on providing home loans and related financial products. The company was earlier known as Shriram Housing Finance Limited before being rebranded as part of its strategic positioning within the housing finance market.
Housing finance companies in India play a crucial role in supporting residential property ownership by offering mortgage and home financing solutions to retail borrowers across different income segments.
Conclusion
Truhome Finance Limited has filed a Draft Red Herring Prospectus dated March 9, 2026 with SEBI, BSE and NSE for a proposed IPO. The offering may aggregate up to ₹30,000 Mn, including a fresh issue of ₹15,000 Mn and an offer for sale of ₹15,000 Mn by an existing shareholder. The fresh issue proceeds may be used for business and operational requirements.