InCred Holdings Files Updated IPO Papers With Sebi

Retail-focused non-banking financial company InCred Holdings has filed updated draft papers with the Securities and Exchange Board of India for its proposed Initial Public Offering (IPO), aiming to raise significant capital through a mix of fresh issue and offer for sale.

According to the Updated Draft Red Herring Prospectus (UDRHP) submitted late Wednesday evening, the proposed IPO will include a fresh issue of equity shares worth up to Rs 1,250 crore. The public issue will also comprise an Offer For Sale (OFS) of up to 9.9 crore equity shares by existing shareholders.

People familiar with the development estimate the overall IPO size to be around Rs 3,000-4,000 crore. The company is reportedly targeting a valuation of nearly Rs 15,000 crore through the public offering.

The fresh issue proceeds are expected to be utilised for business expansion, strengthening the company’s capital base and meeting future funding requirements.

InCred Holdings, which focuses on retail lending and financial services, has expanded its presence across consumer, SME and education financing segments in recent years. The IPO move comes amid sustained investor interest in India’s financial services and fintech-linked NBFC sector.

The filing of updated draft papers marks another step in the company’s plan to enter the capital markets, subject to regulatory approvals and market conditions.