India’s fintech and lending ecosystem is gearing up for another major milestone. InCred Holdings, the parent company of NBFC InCred Financial Services, has submitted its draft prospectus to the Securities and Exchange Board of India through the confidential pre-filing route. This move sets the stage for a potential ₹3,000-4,000 crore IPO.
Since its inception in 2016, InCred has emerged as a significant player in the lending space. The company has disbursed over ₹25,000 crore in loans, served more than 4 lakh customers, and built an AUM of ₹12,585 crore in FY25. Despite operating in a competitive sector, it has kept its net NPA impressively low at 0.7 percent, highlighting strong risk management and portfolio quality.
Here’s why investors should pay attention:
A fast-growing lending platform with exposure across consumer, student, and MSME credit
The use of the confidential pre-filing route suggests strategic timing and added flexibility
A strong signal of confidence in India’s broader NBFC and fintech sectors as more players move toward public markets
With InCred preparing to go public, the big question is: Would you consider getting in early, or would you rather wait and watch how the listing performs?