Business Profile of Truhome Finance Limited
Truhome Finance Ltd. was incorporated in 2010 and it is a retail-focused affordable housing finance company. The company operates a well-diversified pan-India distribution network, with 216 branches across 19 states and union territories, as of December 31, 2025. The company offering a comprehensive suite of secured lending products including housing loans, loans against property and others, with an average ticket size of ₹2.13 million as of December 31, 2025. The company operates a proactive, technology-enabled collections framework anchored by an in-house collection system that integrates portfolio analytics, digital engagement tools and field-level execution.
Objective of Truhome Finance Limited IPO
As per the draft red hearing prospects, the IPO issue consists fresh issue and offer for sale. The fresh issue consists of XXXX shares at the face value of ₨10.00 each aggregating up to ₹ 15,000.00 million and OFS consists XXXX shares at face value of ₨ 10.00 each aggregating up to Rs 15,000.00 million. There are fresh shares issues and OFS by company and main objective of company is re-payment of outstanding borrowings and general corporate purposes.
Details of Truhome Finance Limited IPO
| IPO Open Date | N.A. |
| IPO Close Date | N.A. |
| Basis of Allotment | N.A. |
| Listing Date | N.A. |
| Face Value | ₹10.00 per share |
| Price | N.A. |
| Lot Size | N.A. |
| Total Issue Size | Up to XXXX Equity shares |
| Aggregating up to ₨ 30,000.00 million. | |
| Fresh Issue | Up to XXXX Equity Shares |
| Aggregating up to ₨ 15,000.00 million. | |
| Offer For Sale | Up to XXXX Equity Shares |
| Aggregating up to ₨ 15,000.00 million. | |
| Issue Type | Book Built Issue IPO |
| Listing At | BSE & NSE |
| QIB Shares Offered | Not more than 50% of the Net Issue |
| Retail Shares Offered | Not more than 35% of the Net Issue |
| NII (HNI) Shares Offered | Not less than 15% of the Net Issue |
Truhome Finance Limited IPO: Issue Price & Size
The issue price of TRUHOME FINANCE LIMITED hasn’t been released yet. Upon releasing the dates, the investors can bid between those price ranges. The company has fresh issue and OFS aggregating up to ₹ 30,000.00 million at the price of ₨XXXX.
Launch Date of Truhome Finance Limited IPO
The IPO opening date of TRUHOME FINANCE LIMITED hasn’t been officially announced yet, upon the declaration of dates investor can bid for IPO.
Financial Statements of Truhome Finance Limited
| Particulars (Rs in Millions) | March 31 , 2025 | March 31 , 2024 | March 31 , 2023 |
| Revenue from operations | |||
| Interest income | 15,286.42 | 11,210.52 | 6,671.68 |
| Fees and commission income | 1396.86 | 745.78 | 239.14 |
| Net gain on fair value changes | 362.66 | 490.54 | 237.27 |
| Net gain on derecognition of financial instrument | 1,799.27 | 1,801.53 | 646.54 |
| Total Revenue from operations | 19,045.21 | 14,248.37 | 7,794.63 |
| Other income | 9.60 | 5.12 | 10.33 |
| Total Income | 19,054.81 | 14.253.49 | 7,804.96 |
| Expenses | |||
| Finance costs | 9,492.40 | 7,282.07 | 3,922.58 |
| Impairment on financial instruments | 747.65 | 317.06 | 162.06 |
| Employee benefits expenses | 3,381.36 | 2,559.26 | 1,205.22 |
| Depreciation and amortisation | 327.38 | 187.70 | 136.05 |
| Other expenses | 1,402.15 | 1,004.21 | 679.43 |
| Total Expenses | 15,350.94 | 11,350.30 | 6,105.34 |
| Profit before tax for the period / year | 3,703.87 | 2,903.19 | 1,699.62 |
| Tax expense : | |||
| ( 1 ) Current Tax | 818.32 | 503.23 | 363.90 |
| ( 2 ) Deferred Tax | 35.02 | 219.04 | ( 42.62 ) |
| ( 3 ) Tax adjustment for earlier years | ( 11.88 ) | 6.57 | 0.80 |
| Total Tax Expenses | 841.46 | 728.84 | 322.08 |
| Profit After Tax for the period year | 2,862.41 | 2,174.35 | 1,377.54 |
Key financial ratios of Truhome Finance Limited
| Particulars | Units | March 31, 2025 | March 31, 2024 | March 31, 2023 |
| Total Income | in million | 19,054.81 | 14,253.49 | 7,804.96 |
| Finance costs | in million | 9,492.40 | 7,282.07 | 3,922.58 |
| Profit after tax | in million | 2,862.41 | 2,174.35 | 1,377.54 |
| Average Yield20 | % | 12.57 % | 12.76 % | NA |
| Average Cost of Borrowing | % | 9.07 % | 9.16 % | NA |
| Operating Expenses to Average Total Assets | % | 3.79 % | 3.84 % | NA |
| Operating Expenses to Disbursements | % | 7.17 % | 4.94 % | 4.87 % |
| Return on Assets ( ROA ) | % | 2.12 % | 2.22 % | NA |
| Return on Equity ( ROE ) | % | 10.68 % | 13.49 % | NA |
| Gross NPA ( GNPA ) % | % | 1.51 % | 1.03 % | 0.93 % |
| Net NPA (NNPA) % | % | 1.03% | 0.80% | 0.70% |
| Capital to risk-weighted assets ratio (CRAR) | % | 36.28% | 24.38% | 26.14% |
| Debt to Equity Ratio | Times | 3.3 | 5 | 4.84 |
Promoters & Shareholding Truhome Finance Limited IPO
As of date, according to the DRHP filed with SEBI promoters and promoter group have 98.55% shareholding in company.
| Name of Shareholder | No. of Equity Shares | % of total shareholding |
| Promoters & Promoter Group | 473,121, 927 | 98.55 |
| Public | 6,939,64 7 | 1.45 |
| Total (A+B) | 480,061, 574 | 100 |
Should You Subscribe To Truhome Finance Limited IPO
While investing or subscribing to any IPO, consider the investment rationales related to the company. Hence, here you can find out the strength of the company that will be its growth factors. And also check the risk factors that can affect the growth and operational efficiency of the company.
Competitive Strengths of Truhome Finance Limited IPO
Rapid AUM Growth Leader
The company is fastest growing affordable housing finance firm in terms of AUM CAGR and the second most cost-efficient in terms of operating expenses to disbursements among Peers. As of December 31, 2025, company had an AUM of ₹211,243.27 million and are the fastest growing affordable housing finance company in India in terms of AUM CAGR over the Financial Years 2025, 2024 and 2023 (being 48.58%) among Peers and third largest affordable housing finance company in India by AUM as of December 31, 2025.
Well-diversified pan-India distribution
The company operates a well-diversified pan-India distribution network, with 216 branches across 19 states and union territories, as at December 31, 2025. The geographic footprint is well balanced across the northern, western and southern regions of India, with no single state accounting for more than 18% of our AUM as at December 31, 2025, which reduces concentration risk and enhances portfolio resilience.
Robust systems for credit assessment
The company has built strong credit assessment, monitoring and collection strategies over time, informed by experience across multiple macroeconomic cycles and stress events. Their underwriting strategy is curated by customer segment, with decentralised underwriting for self-employed customers to enable contextual assessment of cash flows and local market conditions, and a centralised credit team for salaried customers to ensure consistency and efficiency.
Diversified liability profile
The company has built a diversified and well-funded liability profile, supported by relationships with a broad base of lenders across the financial ecosystem. Their borrowings are balanced across types of debt instruments, enabling financial stability and flexibility across market cycles. This diversified borrowing mix has enabled company to optimise financing costs and reduce reliance on any single source or type of instrument.
Risk Factors of Truhome Finance Limited IPO
Housing loans & LAP drive over 96% of AUM
Housing loans and loans against property comprise a majority of company AUM. It contributed to 57.37% and 39.22%, Assets under Management as at December 31, 2025. The business is substantially dependent on housing loans and loans against property, and any adverse developments affecting these products could adversely affect company business, results of operations, cash flows and financial condition.
High Debt to Equity ratio
The liquidity and profitability of business depend, in large part, on their timely access to, and the costs associated with, raising funds. As at December 31, 2025, company Debt to Equity Ratio was 3.22 times. They require substantial financing for business and operations, and any disruption in the cost and availability of capital, or sources of financing, could have an adverse effect on company business, results of operations, cash flows and financial condition and cash flows.
Strong reliance on DSA network
They are rely significantly on direct selling agents (“DSAs”) and connectors (including builders, local businesses and other intermediaries), for sourcing and referring customers. As of December 31, 2025 and March 31, 2025, 71.14% and 71.20% of our total outstanding loan accounts were attributable to loans sourced through DSAs and connectors. Any reduction in the availability or effectiveness of DSAs or connectors, or their decision to prioritize competing lenders, could adversely affect company ability to source customers.
Recovery risk could impact cash flows
The company offers a suite of secured lending products including housing loans, loans against property and other. The value of collateral securing our loans may decline due to a variety of factors. Accordingly, in the event of borrower defaults, company may not be able to recover the full outstanding loan amounts through enforcement or liquidation of collateral. Inability to recover the full value of collateral could adversely affect company business, results of operations, cash flows and financial condition.
Truhome Finance Limited IPO Grey Market Premium
Grey market premium is the premium quoted over the IPO issue price. GMP shows that investors are ready to pay above the upper band of the IPO issue price. GMP is determined in the grey market as per the demand and supply of the shares in the primary market. A grey market is that unofficial ecosystem of unlisted companies’ stocks that start trading even before the launch of the IPO to the date of its listing.
Also Read: What is Grey Market Premium in IPO: How is GMP Calculated & Reliable
However, GMP is not a reliable factor, as it keeps fluctuating as per the demand and supply of shares in the primary market. There are numerous factors that affect the stock market in India and individual stock prices of different companies that are already listed and trading in the secondary market. However, for an IPO-bounded company, you can consider the GMP as the speculative listing price of the share
According to various online sources, the Grey Market Premium or GMP of the TRUHOME FINANCE LIMITED is trading around Rs XX in the grey market. It means shares are trading at the upper band issue price of Rs XX with a premium in the grey market and may list around the same price.
