InCred Holdings, the parent of NBFC major InCred Financial Services (InCred Finance), has pre-filed its DRHP with SEBI via the confidential route.
In a public announcement, InCred Holdings said the confidential DRHP was submitted to the markets regulator on November 6. The company is eyeing a main board listing on the BSE and the NSE.
This comes nearly two months after InCred Holdings sought its shareholders approval to raise up to INR 1,500 Cr via a fresh issue of shares in its proposed IPO. As per its resolution, the public issue was also to comprise an offer-for-sale component. InCred Holdings said it was also looking to raise up to INR 300 Cr in a pre-IPO placement.
According to a report by PTI, the total size of the IPO is expected to be around INR 3,000 Cr to INR 4,000 Cr.
Founded in 2011 by Bhupinder Singh, InCred Holdings is a part of InCred Group, which has three business verticals – lending arm InCred Finance, institutional wealth and asset management arm InCred Capital, and retail wealthtech and investment distribution platform InCred Money.
On the financial front, InCred Finance’s operating revenue zoomed 47% to INR 1,871.9 Cr in FY25 from INR 1,269.9 Cr in the previous year. Net profit rose 18% to INR 374 Cr from INR 316.4 Cr in FY24.
(The story will be updated soon)
The post InCred Holdings Files Confidential IPO Papers With SEBI appeared first on Inc42 Media.
https://ift.tt/4WQfu7J
0 Comments