InCred Holdings files confidential IPO with SEBI, eyes ₹3,000-4,000 cr raise

InCred Holdings plans IPO of ₹3,000-4,000 cr via confidential SEBI filing to expand its NBFC business.

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InCred Holdings files confidential IPO with SEBI, eyes ₹3,000-4,000 cr raise

InCred Holdings files confidential IPO with SEBI, eyes ₹3,000-4,000 cr raise
InCred Holdings, parent of NBFC InCred Financial Services, has submitted draft IPO documents to SEBI confidentially. The firm is targeting a raise of ₹3,000-4,000 crore, according to people familiar with the matter. 
This move comes amid a surge in India’s primary market, where several new-age firms are tapping public markets. InCred’s IPO could support its growth and capital base as it scales lending operations and strengthens its service offering.
Companies:
  • InCred Holdings
Tags:
  • ipo
  • economy