New Delhi, March 10 -- Truhome Finance Ltd, formerly known as Shriram Housing Finance Ltd has filed its Draft Red Herring Prospectus (DRHP) with capital market regulator Securities and Exchange Board of India (SEBI).

The IPO, valued at Rs.3,000 crore, consists of a fresh issue of equity shares with a face value of Rs.10 each, totaling up to Rs.1,500 crores, along with an offer for sale of equity shares also with a face value of Rs.10 each, amounting to Rs.1,500 crores.

The offer for sale, provided by the promoter selling shareholder, Mango Crest Investment Limited, is for equity shares of Rs.10 each, totalling up to Rs.1,500 crores.

The net proceeds are intended to enhance the capital base to satisfy the Company's future capital needs,...