InCred Holdings Limited has a plan for an IPO

By Jagat Joshi
November 14, 2025
3:44 pm
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By Jagat Joshi
November 14, 2025

One of the leading financial services firms, “InCred Holdings Limited,” has submitted a DRHP with SEBI for an IPO.

As per the sources, InCred Holdings Limited, the parent company of InCred Financial Services, has reportedly filed a draft red herring prospectus (DRHP) with SEBI through the confidential filing route.

The company plans to raise ₹4,000 ₹5,500 crore through a mix of fresh shares and an offer for sale (OFS) as it prepares for its IPO (initial public offering).

Funds raised will be used to strengthen the capital base of its lending business and expand across business verticals.

SEBI started a rule for confidential DRHP last year, which allows Incred Holdings to file a confidential DRHP with SEBI, and later decide whether to proceed, revise details, or delay the listing depending on market conditions.

As per the sources, the IPO would have a fresh issue of around 1500 crores, and the rest might come from the shareholders’ sales via existing.

Financially, InCred Finance saw strong growth in FY25. Its net revenue rose 50% year-on-year to ₹1,255 crore, up from ₹838 crore in FY24. During the same period, profit increased 18% to ₹374 crore.

Jagat Joshi

Founder of IPOWatch, brings nearly 15 years of experience in IPO analysis and market research. He provides complete coverage of upcoming IPOs, subscription trends, grey market premiums (GMP), and post-listing performance, along with easy-to-understand reviews, insights, and analysis. In his working journey, he has worked with various platforms and received expertise in stock market analysis and primary markets.

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Disclaimer: This content is provided strictly for educational and informational purposes. The securities or investments mentioned are not to be considered as investment advice or recommendations. The Investors are advised to do their own research or connect with a financial advisor before making any investment decisions.