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InCred Holdings Files Revised IPO Papers, Plans ₹1,250 Crore Fresh Issue
InCred Holdings has submitted updated draft IPO papers with SEBI for its proposed public issue. The IPO will comprise a fresh issue of equity shares worth up to ₹1,250 crore along with an offer for sale by existing shareholders.
Several investors, including KKR India Financial Investments and other early backers, are expected to partially dilute their stakes through the offer for sale component. Market estimates suggest the overall IPO size could be between ₹3,000 crore and ₹4,000 crore, potentially valuing the company at around ₹15,000 crore.
The company plans to use proceeds from the fresh issue primarily to strengthen the capital base of its NBFC subsidiary, InCred Financial Services, and support future business expansion and lending activities.
Founded in 2017 by Bhupinder Singh, InCred focuses on retail and SME lending, with personal loans contributing significantly to its portfolio. The company has expanded its presence across India with more than 150 branches and assets under management exceeding ₹14,000 crore as of December 2025.
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