Warburg’s Truhome Finance Said to Weigh $300 Million India IPO

Warburg Pincus LLC’s Truhome Finance Ltd. is considering an initial public offering that could raise about $300 million or more, according to people familiar with the matter.

The shadow lender — formerly known as Shriram Housing Finance Ltd. — has discussed with bankers about exploring an IPO that could value the company at about $1 billion, the people said, asking not to be identified as the discussions are private. The listing would likely take place next year, the people said.

The deal would include the issue of new shares and the sale of a stake of 10% to 15% ...