PROJECT

Projects

Summary of Investment Information

Project Number

49484

Company Name

Affordable Housing RMBS Trust-I

Date SPI Disclosed

Jun 26, 2025

Country

India

Region

South Asia

Projected Board Date

Jul 31, 2025

Environmental Category

FI-3 - No Impact

Status

Active

Last Updated Date

Dec 31, 2025

Department

Regional Industry - FIG Asia & Pac

Industry

Financial Markets

Previous Events

Approved : Sep 12, 2025
Signed : Nov 27, 2025
Invested : Dec 15, 2025

Sector

Finance Companies

Project Description

 The proposed IFC investment comprises an INR denominated investment of up to INR 5.6 billion (approximately US$65 million equivalent) in securitized assets originated by Grihum Housing Finance Limited (Grihum), through subscription to Pass Through Certificates (PTC) backed by individual housing loans, known as Residential Mortgage-Backed Securities (RMBS), with a tenor of up to 8 years. As part of the project, IFC will explore mobilizing an aggregate amount of INR 860 million (approximately US$10 million equivalent) from other institutional investors who subscribe to the RMBS. The entire proceeds from the investment will be directed by Grihum towards expanding its affordable housing finance portfolio.

 

Associated Advisory Engagement

                                

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation