InCred Holdings IPO: Issue Date, Lot Size, Price, Everything You Need to Know
InCred Holdings, the parent of fintech lender InCred Finance, is preparing to list on the Indian stock exchanges after confidentially filing a DRHP with SEBI for a sizeable issue. The group operates across retail and SME lending, education loans, and wealth/asset management, positioning itself as a diversified new‑age financial services platform backed by marquee investors. With strong growth in assets under management (AUM) and profitability over the last few years, InCred is emerging as one of India’s most visible non‑bank fintech brands.
The InCred Holdings IPO is likely to include a fresh issue of around ₹1,500 crore, along with an offer for sale by existing shareholders, with the total fund raise expected to be in the ₹3,000–₹4,000 crore range at the time of filing. Proceeds from the fresh issue are likely to be used to augment capital adequacy, fund lending growth at InCred Finance, and for general corporate purposes, supporting the group’s expansion in secured and unsecured lending. Shares are proposed to list on BSE and NSE, giving investors direct exposure to a scaled but still fast‑growing fintech NBFC platform.
This guide will walk you through all important aspects of the InCred Holdings IPO, including the InCred Holdings IPO date (once finalised), business model, recent financials, sector backdrop, and practical points on InCred Holdings IPO subscription, InCred Holdings IPO subscription status and InCred Holdings IPO allotment status.
InCred Holdings IPO Dates & Launch Details
Official dates for the InCred Holdings IPO have not been announced as of now; the company has filed draft documents and is awaiting final approvals and market conditions for timing.
- IPO opening date: To be announced
- IPO closing date: To be announced (Typically three days after opening)
- Basis of allotment: To be announced (Within 3 working days post closure)
- Refund initiation: To be announced (Shortly after basis of allotment)
- Expected listing date: To be announced (Usually within a week following allotment finalisation)
Lead Book Running Managers: To be announced
Registrar: To be announced
InCred Holdings Price Band & Investment Details
The exact price band and lot size will be set closer to the InCred Holdings IPO date based on market conditions and regulatory clearance.
- Price band: To be announced
- Minimum lot size: To be announced
- Minimum investment: To be announced
- Maximum retail investment: To be announced
InCred Holdings IPO Structure
Detail | Information |
|---|---|
Issue Type | Book‑built IPO (Fresh Issue + Offer for Sale) |
Total Issue Size | Indicative fund‑raise of around ₹3,000–₹4,000 crore (fresh issue + OFS) |
Fresh Issue Value | Around ₹1,500 crore proposed to augment capital and fund growth |
OFS Shares | Sale of shares by existing shareholders (quantum to be announced) |
Reservations | To be announced |
Listing Exchanges | |
Registrar | To be announced |
Lead Manager | To be announced |
About InCred Holdings
InCred Holdings Limited is the ultimate holding company for the InCred group, with its key lending arm InCred Financial Services Limited (InCred Finance) and other wealth/asset management businesses under the umbrella. InCred Finance focuses on diversified lending, including consumer loans, education loans (study in India and abroad), SME loans, and select secured products, using data‑driven underwriting and technology for risk assessment.
Key Highlights:
- Recognised fintech‑led NBFC with “unicorn” status, backed by investors such as KKR, Investcorp, Ranjan Pai and others.
- Strong traction in personal loans, education finance and SME lending, with rising share of secured products to improve portfolio quality.
- Uses proprietary risk models, digital journeys and analytics to underwrite new‑to‑credit and emerging‑middle‑class segments.
- Cross‑sell opportunities across lending and wealth/asset management products through group platforms like InCred Money.
This combination of technology, risk analytics and diversified lending businesses under InCred Holdings gives it a differentiated position among new‑age NBFCs.
InCred Holdings Financials
Operating Income and Profit Table
Period | Revenue from Operations (₹ Crore) | Net Profit (₹ Crore) |
|---|---|---|
2025 | 1,871.97 | 372.17 |
2024 | 1,269.19 | 314.90 |
2023 | 863.75 | 120.80 |
2022 | 488.26 | 36.12 |
Assets and Liabilities Table
Period | Current Assets (₹ Crore) | Current Liabilities (₹ Crore) |
|---|---|---|
2025 | 1,231.42 | 3,279.39 |
2024 | 758.67 | 2,490.72 |
2023 | 606.10 | 452.55 |
2022 | 168.43 | 320.40 |
Key Highlights:
- Revenue from operations has grown from ₹488.26 crore in 2022 to ₹1,871.97 crore in 2025, helped by a strong 1‑year income growth of 47.49% and a 3‑year CAGR of 56.51%.
- Net profit has scaled from ₹36.12 crore in 2022 to ₹372.17 crore in 2025, supported by 1‑year profit growth of 18.19% and a very sharp 3‑year CAGR of 117.61%, indicating significant operating leverage and improved credit performance.
- Return on equity has improved meaningfully, with 1‑year ROE at 10.58% versus a 3‑year average of 9.41% and a 5‑year average of 3.87%, showing that recent capital deployment is generating better shareholder returns.
- Current assets have risen from ₹168.43 crore in 2022 to ₹1,231.42 crore in 2025, while current liabilities increased from ₹320.40 crore to ₹3,279.39 crore, reflecting a much larger operating scale and funding base that needs to be managed carefully for liquidity and asset–liability matching.
Sector & Market Context
InCred operates in India’s rapidly growing retail and SME credit market, where NBFCs and fintechs complement banks in serving under‑penetrated customer segments. Rising digital penetration, increased comfort with online lending, and a growing aspiring middle class have created strong demand for personal, education, and business loans. At the same time, the sector is sensitive to macro cycles, interest‑rate changes, and asset‑quality trends, with regulators closely monitoring governance and risk management standards in NBFCs. Players like InCred that blend technology with prudent risk frameworks aim to balance growth with portfolio quality.
Key Considerations for Investors
Strengths
- High growth in income and profits over FY22 – FY25, with PAT crossing ₹370 crore and income above ₹1,800 crore, signalling scale and operating leverage.
- Diversified lending model (consumer, education, SME, secured products) reduces reliance on any single segment.
- Strong investor backing and technology‑driven underwriting give comfort on capital access and credit processes.
Risks
- Credit risk is inherent to NBFCs; asset‑quality deterioration due to macro stress or aggressive growth can affect profitability.
- Dependence on wholesale funding and interest‑rate cycles can impact spreads and net interest margins.
- The competitive landscape includes large banks, established NBFCs and new‑age fintechs, potentially pressuring yields.
Opportunities
- Under‑penetrated segments such as education loans, emerging middle‑income customers and small businesses provide a long runway for responsible growth.
- Use of analytics, digital sourcing and cross‑sell via group platforms can deepen customer relationships and improve unit economics.
- IPO proceeds enhance capital adequacy, enabling higher growth without over‑reliance on debt.
IPO Structure
- The InCred Holdings IPO is structured as a combination of fresh issue and OFS, with early reports suggesting around ₹1,500 crore as fresh capital and the balance as secondary share sales by existing shareholders, subject to final DRHP.
- Fresh funds are expected to be infused mainly into the lending arm to support AUM growth and into group entities for general corporate uses, while OFS provides liquidity to current investors without affecting company cash flows.
- All equity shares will be listed on BSE and NSE through a standard book‑building process, with allocations to QIB, NII and retail categories as per SEBI norms.
About the Company
InCred Holdings Limited consolidates the group’s financial services interests, primarily led by InCred Finance, which offers personal loans, education finance and SME lending, and complemented by wealth/asset management and investment products through platforms such as InCred Money. The group’s stated aim is to use technology, analytics and customer‑centric design to deliver credit and investment solutions to India’s new‑age consumers and businesses.
InCred Holdings Final Review
The InCred Holdings IPO offers a chance to participate in a high‑growth, technology‑driven NBFC platform that has already demonstrated strong income and profit expansion over the last few years. However, as with any lender, careful attention should be paid to asset quality, funding profile, and the final InCred Holdings IPO valuation and terms in the RHP before taking an investment call.
Always consider personal investment objectives and consult trusted sources before making any decisions.
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FAQ
What is the size and structure of the InCred Holdings IPO?
The InCred Holdings IPO is planned as a book built issue with a fresh issue component (reportedly around ₹1,500 crore) and an offer for sale by existing shareholders, taking the total potential fund raise into the ₹3,000–₹4,000 crore range as per early indications.
When is the InCred Holdings IPO date and when will the shares list?
The exact InCred Holdings IPO date is yet to be announced; once regulatory and market conditions are aligned, the company will publish the issue opening and closing dates, and the shares are proposed to list on NSE and BSE shortly after allotment.
What does InCred Holdings do and how does it earn revenue?
InCred Holdings, through InCred Finance and group entities, earns mainly from interest income and fees on retail and SME loans, including personal, education and business credit, while also generating income from wealth and investment products offered through its platforms.
How has InCred performed financially in recent years?
Reported numbers show total income rising from roughly ₹488 crore in FY22 to over ₹1,870 crore in FY24, with profit after tax increasing from around ₹121 crore to about ₹372 crore in the same period.
What factors could influence InCred Holdings IPO valuation?
InCred Holdings IPO valuation will depend on growth rates, asset quality, profitability, peer NBFC and fintech multiples, and broader market sentiment towards financials at the time of pricing, along with the size of the fresh issue and OFS.
How can retail investors apply for the InCred Holdings IPO?
Once the issue opens, investors can apply online using UPI or ASBA via their demat and trading account; on a platform like m.Stock, you would log in, go to the IPO section, select the InCred Holdings IPO, choose the number of lots, enter your UPI ID and confirm the mandate in your UPI app.
How can investors track InCred Holdings IPO subscription and subscription status?
During the bidding period, category wise InCred Holdings IPO subscription status for QIB, NII and retail investors will be updated periodically on NSE and BSE websites, and platforms such as m.Stock typically present this information in a simple dashboard view.
What are the key risks of investing in the InCred Holdings IPO?
Main risks include credit losses if borrowers default, funding and interest rate risks affecting margins, regulatory changes in NBFC norms, and competition from both established banks and other fintech NBFCs that could impact growth or pricing.
What should prospective investors check in the InCred Holdings DRHP/RHP?
Important items include details on loan book mix, GNPA/NNPA and provisioning, capital adequacy ratios, funding sources, related party transactions within the group, and promoter/shareholder structure, along with use of proceeds disclosures.
How can investors check InCred Holdings IPO allotment status?
After the basis of allotment is finalised, investors can check InCred Holdings IPO allotment status on the registrar’s website using PAN, application number or DP/Client ID, with links also made available on NSE/BSE and major investing platforms.