Mumbai: Warburg Pincus-backed housing finance company TrueHome Finance (formerly Shriram Housing) has filed a draft paper with capital markets regulator SEBI to raise Rs 3,000 crore through an initial public offering.According to the draft red herring prospectus filed with SEBI, the IPO will consist of a fresh issue of equity shares of face value of Rs 10 each, aggregating up to Rs 1,500 crore and an offer for sale of equity shares of face value of Rs 10 each, aggregating up to Rs 1,500 crore. The offer for sale will be led by promoter selling shareholder Mango Crest Investments, which plans to sell shares worth up to Rs 1,500 crore.TrueHome Finance plans to use the net proceeds from the fresh issue to enhance its capital base to support future capital requirements including onward borrowings and general corporate purposes. The funds will also help the company comply with RBI capital adequacy norms as it expands its business.The company said the proceeds are expected to be deployed in the financial years ending March 31, 2027 and March 31, 2028.JM Financial, IIFL Capital Services, Jefferies India and Kotak Mahindra Capital Company are the book running lead managers to the issue.Warburg Pincus completed the acquisition of Shriram Housing Finance (SHFL) from Shriram Finance and other sellers for approximately Rs 4,630 crore in December 2024, marking a strategic shift in India’s housing finance sector.