InCred Holdings Limited has a plan for an IPO

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.

Vijay Prajapati

An experienced stock market professional with expertise in IPO research, market insights, and equity strategies. With a strong background in research and capital markets, he delivers comprehensive coverage on upcoming IPOs, subscription patterns, grey market premium (GMP), and post-listing performance, along with detailed reviews, recommendations, and technical analysis.

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