incred's ipo
Now another big IPO is going to come in India's fast growing Fintech and NBFC sector. InCred has filed updated draft papers with SEBI for its proposed IPO. Under this issue, the company will issue new shares, while existing investors will also sell stake through OFS. The company will mainly use this fund to expand its lending business and strengthen its capital base. InCred's focus is on technology based loan model and risk management. Let us understand about it in detail.
According to the draft papers, the company will issue fresh equity shares worth Rs 1,250 crore. Apart from this, about 9.9 crore equity shares will be sold under Offer-for-Sale (OFS). Investors selling stake through OFS include KKR India Financial Investments, VOcean Investments and many other shareholders.
The company has said that the proceeds from the new issue will be mainly used to strengthen the capital base of its subsidiary company InCred Financial Services. This will help the company to expand its lending business and distribute more loans in future. The company says that this capital will be used to improve Tier-I capital and increase loan based activities.
Who will be the fund managers?
The responsibility of managing this IPO has been given to many big investment banks. These include IIFL Capital Services, InCred Capital Wealth Portfolio Managers, Kotak Mahindra Capital, Nomura Financial Advisory and UBS Securities India. InCred Holdings primarily operates its business through its NBFC unit InCred Financial Services. It is a retail-focused middle-layer NBFC, registered with the Reserve Bank of India (RBI). The company was founded by Bhupinder Singh in the year 2017.
company business
The company has spread its business in many loan categories. At present, InCred's biggest business comes from personal loans, which account for more than 55 percent of the company's total assets under management (AUM). Apart from this, student loan is the second largest segment, whose share is more than 22 percent.
InCred also provides business loans to small businessmen. The company also provides services like loan-against-property, school financing and financing solutions for financial institutions. By December 2025, the total AUM of the company had reached about Rs 14,448 crore.
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