Repco Home Finance (RHF), the housing finance unit of India-based Repco Bank, has launched an initial public offering on the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) of 15.7 million shares valued at up to INR2.7 billion (US$49.7 million). RHF is backed by private equity firms The Carlyle Group, Wolfensohn Capital Partners and Creador. RHF, which priced its shares in the range of INR165 to INR172 (US$3.04 to US$3.16) per share, has received approximately INR400 million (US$7.4 million) in commitments from 12 anchor investors, including Goldman Sachs India Fund, Reliance Banking Fund, Nomura India Investment Fund and Franklin India Prima Fund.