InCred Holdings Limited has filed its Updated Draft Red Herring Prospectus-I with SEBI for its proposed public issue aimed at strengthening the capital position of its NBFC arm, InCred Finance.
The IPO comprises a fresh issue of shares aggregating up to ₹1,250 crore and an offer for sale of up to 99,020,833 equity shares.
The company said proceeds from the fresh issue will be invested into InCred Finance to augment Tier-I capital and support onward lending operations.
Founded in 2017 by Bhupinder Singh, InCred Finance operates across five lending verticals including personal loans, student loans, secured business loans, MSME financing and loans to financial institutions.
The company has a physical presence through 158 branches across 152 cities and 19 states and union territories, covering over 17,000 pin codes.
InCred Finance’s capital adequacy ratio stood at 24.97 per cent as of December 31, 2025, higher than the regulatory requirement of 15 per cent. The company is rated AA-/Stable by CRISIL and ICRA.
