Within a year of acquiring controlling stake in Shriram Housing Finance, now rebranded as TruHome Finance, Warburg Pincus backed affordable housing major is said to have kick-started the process of taking the company public.

According to sources, TruHome Finance is said to have roped in investment bankers, legal experts and other consultants to work on its initial public offering (IPO) this week. Sized at about Rs 3,000 crore, the issue is likely to be a combination of fresh issue of capital and a secondary sale by Warburg.

“The spilt between fresh issue and offer for sale will emerge as clarity is achieved on valuations,” said a person aware of the matter, but didn’t want to be named.

TruHome Finance's loan book was about Rs 20,000 crore in October this year, and is presently the third

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