Truhome Finance Limited

Truhome Finance Limited (New IPO): GMP, Price, Review, Profit

by

Truhome Finance Limited is an affordable housing finance company engaged in providing home loans, loans against property, construction finance and other secured lending products, primarily catering to low- and middle-income customers in India’s semi-urban and peri-urban markets. It focuses on enabling access to housing finance for underserved segments with a pan-India distribution network.

It provides housing loans (purchase, construction, extension, improvement) and loans against property (LAP) along with other secured lending products for retail customers.
It operates 216 branches across 19 states & UTs with ~110,000+ active loan accounts, indicating a wide pan-India reach in affordable housing finance.

Truhome Finance Limited was incorporated in 2010 & currently Mr. Ravi Subramanian serves as the Managing Director of the company.

Truhome Finance Limited has filed its DRHP with SEBI for a proposed IPO featuring entirely as a Fresh Issue of ₹ 1500 Cr and an Offer for Sale (OFS) of ₹ 1500 Cr.

Subscription date to apply for the IPO is yet to be announced. Price band for the IPO is also pending to be declared.

Check DRHP
Check IPO Allotment
Visit Official Website
Issue Size:₹ 3,000 Cr
Fresh Issue:₹ 1,500 Cr
Offer for Sale:₹ 1,500 Cr
Price Range:TBA
Lot Size:TBA
GMPPending

Truhome Finance Limited important data points

Revenue, PAT, EBITDA

YearFiscal 2025
Networth₹ 3436.62 Cr
Revenue:₹ 1904.52 Cr
EBITDA₹ 1352.36 Cr
PAT₹ 286.24 Cr
EBITDA Margin:~71%
PAT Margin~ 15.02%
Face Value:₹ 10

IPO important dates

Open Date:TBA
Close Date:TBA
Anchor Investor BiddingTBA
Allotment Date:TBA
Refunds & Demat CreditTBA
Tentative Listing Date:TBA

Use of Proceeds

PurposeAmount
Augmenting capital base for future lendingNot disclosed
Working Capital Requirement₹ 00 Cr
Borrowing prepayment/repayment₹ 00 Cr
General Corporate PurposeBalance

Truhome Finance Limited Financial Data

202320242025
Revenue (₹ Cr)₹ 779.5₹ 1,424.8₹ 1,904.5
PAT (₹ Cr)₹ 137.8₹ 217.4₹ 286.2
Asset (₹ Cr)₹ 7,733.6₹ 11,820.8₹ 15,140.4
Net Worth (₹ Cr)₹ 1,299.2₹ 1,923.7₹ 3,436.6

Truhome Finance Limited IPO Grey Market Premium

DateIPO PriceIPO GMPProfit per lot
28-May₹ –₹ –₹ –
27-May₹ –₹ –₹ –
26-May₹ –₹ –₹ –
25-May₹ –₹ –₹ –
24-May₹ –₹ –₹ –
Truhome Finance Limited

Truhome Finance Limited Pro’s and Con’s

Strengths:

  • Strong focus on affordable housing finance, a high-growth segment in India.
  • Backed by reputed parent company HDFC Ltd., adding credibility and trust.
  • Diversified secured loan portfolio reduces credit risk.
  • Wide branch network with strong presence in semi-urban markets.
  • Benefit from government push like Pradhan Mantri Awas Yojana boosting housing demand.

Risks:

  • High exposure to low-income borrowers increases default risk.
  • Faces intense competition from banks and NBFCs like LIC Housing Finance.
  • Rising interest rates can impact loan demand and margins.
  • Asset quality stress can emerge during economic slowdowns.
  • IPO details like price band, timing still unclear, creating uncertainty for investors.

Truhome Finance Limited Promoters – Pre offer equity (Approx)

Promoters%Shares
Mango Crest Investment Limited~ 98.16 %
––
––
––
––
––

Truhome Finance Limited Lot Size details

Application TypeLot SizeNo. of LotNo. of SharesInvestment Amount
Retail (Min)–1–₹ –
Retail (Max)–13–₹ –
HNI (Min)–14–₹ –
HNI (Max)–66–₹ –
Big HNI (Min)–67–₹ –

Annual Returns + Lead Managers / Registrars of Truhome Finance Limited

ROE10.68%
ROCE–
RoNW8.33%
Lead / Book Running Lead ManagersJM Financial Limited,
IIFL Capital Services Limited,
Jefferies India Private Limited,
Kotak Mahindra Capital Company Limited
Registrar (RTA)KFin Technologies Limited

Truhome Finance Limited FAQ’s

  • It is an affordable housing finance company offering home loans, LAP and secured lending products, mainly targeting low and middle-income, self-employed borrowers across semi-urban India.

  • Truhome Finance Limited is raising funds via IPO to strengthen capital base, support future loan growth, and meet RBI capital adequacy norms for expanding lending operations.

  • The IPO includes a Fresh Issue of ₹ 1500 Crore and an Offer for Sale (OFS) of ₹ 1500 Crore. It will be listed on NSE and BSE platform.
  • Key risks include exposure to low-income borrowers, credit defaults, rising interest rates, regulatory changes, and intense competition in housing finance segment.
  • Potential upsides include strong growth in affordable housing demand, pan-India presence, secured loan portfolio, and government support like PMAY provide long-term growth potential.
  • Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.

For more amazing blogs click here (IPO Corner).

Leave a comment