InCred files ₹5,000 crore IPO papers with SEBI

Business Nov 09, 2025

InCred Holdings, the company behind InCred Financial Services, is gearing up for a big IPO and has filed its draft papers with SEBI.
They're looking to raise ₹4,000-5,000 crore, including a pre-IPO placement of around ₹300 crore, through new shares and an offer-for-sale.
The plan got the green light from their board in June 2025 and shareholders in October 2025.

InCred's impressive financials and recent merger

Started in 2016 by Bhupinder Singh, Mumbai-based InCred offers loans, asset management, and digital investment services.
After merging with KKR India Financial in 2022, they've seen solid growth—posting profits of ₹372.2 crore and revenues of ₹1,872 crore in FY 2024-25.
Their momentum continued into June 2025 with profits at ₹94.2 crore and revenues hitting ₹579.7 crore.