- Q1. What is the business of InCred Holdings Limited ?InCred is a technology-driven financial services platform offering personal, MSME and education loans, along with wealth management and capital market solutions across India.
- Q2. Why is the company raising funds via IPO?The IPO proceeds will mainly strengthen the capital base of its lending subsidiary, support future loan growth, expand retail financing operations, and improve scalability.
- Q3. What is the size of the issue and where will it list?The IPO includes a Fresh Issue of ₹ 1250 Cr and an Offer for Sale (OFS) of ~9.90 Cr Equity Share. It will be listed on NSE and BSE platform.
- Q4. What are the key risks to an investor?Major risks include rising loan defaults, NBFC regulatory changes, economic slowdowns, competitive pressure from banks and fintechs, and asset quality deterioration.
- Q5. What are the potential upsides?Strong AUM growth, profitable operations, technology-led lending, nationwide reach, experienced leadership, and backing from investors like KKR create long-term growth potential.
- Q6. How to apply for the IPO?Investors can apply for the IPO through ASBA via net banking or using UPI through registered stock brokers once the IPO opens for subscription.
Upcoming
InCred Holdings Limited
0
Rating
InCred Holdings Limited is a fintech-focused financial services company that operates through its NBFC arm, providing personal loans, SME lending, education loans, and wealth management solutions using technology-driven underwriting and data analytics. The company serves retail and institutional customers across India and has built a diversified lending platform with a growing assets-under-management (AUM) base.
InCred Holdings Limited was incorporated on 2016 & currently Mr. Bhupinder Singh serves as the Managing Director of the company.
InCred Holdings Limited filed its DRHP with SEBI on 6 May 2026. The IPO features a fresh issue of ₹ 1250 Cr and an Offer for Sale (OFS) of ~9.90 Cr Equity Shares.
It operates through three major verticals: InCred Finance (personal loans, education loans, MSME and business lending), InCred Capital (investment banking, wealth management, institutional equities and asset management), and InCred Money (digital wealth platform offering mutual funds, bonds and alternative investments).
Subscription date to apply for InCred Holdings Limited is yet to be announced. Price band for the IPO is yet to be declared.
Revenue, PAT, EBITDA
|
Year
|
2025
|
|---|---|
|
Networth
|
₹ 3803.26 Cr
|
|
Revenue
|
₹ 1873.62 Cr
|
|
EBITDA
|
₹ 1152.89 Cr
|
|
PAT
|
₹ 373.15 Cr
|
|
EBITDA Margin
|
~61.53%
|
|
PAT Margin
|
~ 20.75%
|
|
Face Value
|
Rs.10 per Equity Share
|
IPO Important Dates
|
#
|
Date
|
|---|---|
|
Open Date
|
TBA
|
|
Close Date
|
TBA
|
|
Anchor Investor Bidding
|
TBA
|
|
Allotment Date
|
TBA
|
|
Refunds& Demat Credit
|
TBA
|
|
Tentative Listing Date
|
TBA
|
Use Of Proceeds
|
Purpose
|
Amount
|
|---|---|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
|
General Corporate Purpose
|
Balance
|
Financial Data
|
#
|
2023
|
2024
|
2025
|
|---|---|---|---|
|
Revenue (₹ Cr)
|
₹ 865.7
|
₹ 1,272.7
|
₹ 1,873.6
|
|
PAT (₹ Cr)
|
₹ 109.1
|
₹ 309.0
|
₹ 373.2
|
|
Asset (₹ Cr)
|
₹ 6,678.8
|
₹ 8,767.6
|
₹ 12,500.5
|
|
Net Worth (₹ Cr)
|
₹ 2,547.8
|
₹ 3,386.8
|
₹ 3,803.3
|
IPO Grey Market Premium
|
Date
|
IPO Price
|
IPO GMP
|
Profit Per Lot
|
|---|---|---|---|
|
17-July
|
₹ –
|
₹ –
|
₹ –
|
|
16-July
|
₹ –
|
₹ –
|
₹ –
|
|
15-July
|
₹ –
|
₹ –
|
₹ –
|
|
14-July
|
₹ –
|
₹ –
|
₹ –
|
|
13-July
|
₹ –
|
₹ –
|
₹ –
|
Promoters – Pre offer equity (Approx)
|
Promoters
|
% Shares
|
|---|---|
|
|
B Singh Holdings Limited
|
|
15.84%
|
Bhupinder Singh
|
|
0.75%
|
-
|
|
-
|
-
|
|
-
|
-
|
|
-
|
-
|
Lot Size details
|
Application Type
|
Lot Size
|
No. of Lot
|
No. of Shares
|
Investment Amount
|
|---|---|---|---|---|
|
Retail (Min)
|
–
|
1
|
–
|
₹ –
|
|
Retail (Max)
|
–
|
13
|
–
|
₹ –
|
|
HNI (Min)
|
–
|
14
|
–
|
₹ –
|
|
HNI (Max)
|
–
|
66
|
–
|
₹ –
|
|
Big HNI (Min)
|
–
|
67
|
–
|
₹ –
|
Key Performance Index (KPI)
|
ROE
|
10.38%
|
|---|---|
|
ROCE
|
9.33%
|
|
RoNW
|
10.38%
|
Lead / Book Running Lead Managers
IIFL Capital Services Limited,InCred Capital Wealth Portfolio Managers Private Limited,Kotak Mahindra Capital Company Limited,Nomura Financial Advisory and Securities (India) Private Limited,UBS Securities India Private Limited
Registrar (RTA)
MUFG Intime India Private Limited
