Overview
- The company submitted a pre-filed draft red herring prospectus and aims to list on the main boards of the NSE and BSE.
- Final size and pricing are not public, with media reports estimating a Rs 3,000–5,000 crore transaction that is expected to include both fresh shares and an offer for sale.
- In September, shareholders cleared a plan to raise Rs 1,500 crore via the IPO and up to Rs 300 crore through a pre-IPO placement.
- InCred Holdings is the 100% parent of InCred Financial Services within the Bhupinder Singh–founded InCred Group backed by ADIA, TRS, KKR, Oaks, Elevar Equity and Moore.
- InCred Finance reports FY25 assets under management of about Rs 12,585 crore and a profit of roughly Rs 372 crore, with cumulative loan disbursements topping Rs 25,000 crore since 2016.