India’s fintech sector is buzzing again, and this time it’s with InCred IPO news. The Mumbai-based financial services company, backed by marquee investors, is preparing to file its Draft Red Herring Prospectus (DRHP) within the next three weeks for a blockbuster Initial Public Offering (IPO) worth Rs 5,000–5,500 crore.
If successful, the IPO will value InCred at nearly Rs 25,000 crore, making it one of the most significant listings in India’s fintech space.
Key Highlights of InCred IPO News
- IPO Size & Valuation
The upcoming InCred IPO is expected to raise between Rs 5,000 and Rs 5,500 crore. The issue will reportedly be managed by Nomura, UBS, and three leading domestic investment banks. - Business Presence & Leadership
Founded in 2016 by Bhupinder Singh, a former Deutsche Bank executive, InCred has built a diversified portfolio in lending, wealth management, investment banking, and digital financial services. Singh, currently CEO and Whole-Time Director, leads a workforce of 3,000 employees across 150 branches. - Strong Financial Performance
For FY25, InCred reported a Profit After Tax (PAT) of Rs 316 crore and a loan book of over Rs 10,000 crore, reflecting strong growth momentum.
What Sets InCred Apart?
Unlike traditional banks, InCred has carved a niche by using data analytics and advanced technology to provide faster and more accessible credit solutions. Its offerings span across:
- Personal Loans
- Education Loans
- SME & Business Loans
- Digital Merchant Financing
This customer-first, hassle-free approach has helped InCred attract clients ranging from individual borrowers to institutional investors.
Recent Investments and Acquisitions
The InCred IPO news also comes at a time when the company has been expanding strategically:
- Acquired South Asian Stocks to foray into retail broking.
- Bought the gold-loan portfolio of TruCap Finance.
- Secured $60 million in 2023 from prominent investors including:
- Ranjan Pai (MEMG) – $9 million
- Ravi Pillai (RP Group) – $5.4 million
- Ram Nayak (Deutsche Bank) – $1.2 million
- Last month, Zerodha’s Kamath brothers invested Rs 250 crore into InCred, adding further credibility to its growth story.
Why This IPO Matters
The InCred IPO news highlights the rapid evolution of India’s fintech ecosystem. With a robust loan portfolio, rising profitability, and strong investor backing, InCred is positioning itself as a fintech powerhouse.
The IPO, if launched successfully, will not only provide liquidity to existing investors but also give the market a chance to participate in India’s next major financial growth story.
Final Thoughts
As the DRHP filing nears, all eyes will be on the InCred IPO to see how the market responds. With its strong fundamentals, tech-driven business model, and marquee backers, InCred’s journey from a startup in 2016 to a soon-to-be-listed financial services giant is truly remarkable.
Stay tuned for more updates on InCred IPO news as the company gears up for its much-anticipated listing.
