Truhome Finance files preliminary papers with SEBI to raise Rs 3,000 crore via IPO
Truhome Finance has filed preliminary papers with the market regulator Securities and Exchange Board of India (SEBI) to mobilise Rs 3,000 crore through an initial public offering (IPO). The IPO comprises a fresh issue of equity shares aggregating to Rs 1,500 crore and an offer for sale (OFS) of equity shares worth 1,500 crore by promoter Mango Crest Investment.
The company plans to utilise proceeds from the fresh issue towards augmenting its capital base to meet future capital requirements, including onward lending and general corporate purposes, as well as ensuring compliance with capital adequacy norms prescribed by the Reserve Bank of India (RBI). JM Financial, IIFL Capital Services (formerly IIFL Securities), Jefferies India and Kotak Mahindra Capital Company are the book-running lead managers to the issue.
