NBFC InCred Financial Services’ subsidiary, InCred Holdings, has filed its preliminary documents with market regulator SEBI to launch an IPO. According to sources, the proposed issue size is expected to be around ₹3,000–₹4,000 crore.
In a public announcement on November 9, 2025, the company stated that it has submitted the Draft Red Herring Prospectus (DRHP) with SEBI and the stock exchanges for its proposed mainboard IPO.
This filing comes as the InCred Group, founded by Bhupinder Singh, plans to enter the capital market backed by strong financial performance in FY2025. The company has built a diverse loan portfolio that includes personal loans, student loans, MSME loans, secured business loans, and loans to financial institutions.
InCred Finance posts strong FY2025 growth ahead of its upcoming IPO:
Since its founding in 2016, InCred Financial Services (InCred Finance) has built a strong presence across India with over 140 branches and 2,600+ employees, serving more than 4 lakh customers. The company has disbursed loans worth over ₹25,000 crore across various segments.
In recent years, InCred Finance has shown remarkable growth. In FY2025, its Assets Under Management (AUM) rose 39% year-on-year to reach ₹12,585 crore. The company also reported a net profit of ₹372 crore, marking an 18% annual growth, while total income increased by 50% to ₹1,255 crore.
Meanwhile, several other companies — including Shadowfax Technologies, Shiprocket, Tata Capital, PhysicsWallah, and Imagine Marketing (the parent company of boAt and Groww) — have also chosen the confidential filing route for their upcoming IPOs.
With this strong financial performance and rapid expansion, InCred Holdings IPO is being closely watched by investors looking for promising fintech opportunities in India.
Disclaimer:This article is for informational purposes only and should not be considered financial or investment advice. Investors are advised to do their own research or consult a qualified financial advisor before making any investment decisions related to the InCred Holdings IPO or any other securities.