InCred Holdings Limited, the parent company of InCred Financial Services, has filed a draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) through the confidential pre-filing route, according to sources aware of the matter. The company plans to raise funds through a combination of fresh issue and offer for sale, marking a key step toward its entry into India’s capital markets.
Proceeds to Strengthen Core Lending Operations
The proposed public issue will include a fresh issue of ₹1,500 crore, while the remaining portion will consist of an offer for sale by existing shareholders. The funds raised will be used to reinforce the company’s capital base, support business expansion, and enhance its technology-driven lending platform.
The confidential filing mechanism, introduced by SEBI, allows companies to submit IPO papers privately, enabling flexibility to adjust timelines or structure based on market dynamics. InCred’s board had previously approved the fresh issue in September, setting the stage for its market debut.
A Tech-First NBFC Model
Founded by Bhupinder Singh, InCred operates as a digital-first non-banking financial company (NBFC) with a focus on consumer, SME, and education lending. The company leverages data science, digital workflows, and proprietary risk analytics to deliver accessible credit solutions across India.
The group also includes InCred Capital and InCred Money, which together provide wealth management, asset advisory, capital markets, and broking services. InCred Capital has established itself as a leading financial services platform, offering research and advisory solutions across asset classes.
Strong Operational Performance
InCred Finance continues to record strong financial growth, supported by steady demand across its lending portfolio and expanding presence in India’s retail and MSME segments.
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