InCred Holdings Limited, the parent company of InCred Finance, has filed draft papers with SEBI for an initial public offering amid strong growth in assets and profitability over the last two financial years.
The proposed IPO consists of a fresh issue worth up to ₹1,250 crore along with an offer for sale of up to 99,020,833 equity shares by existing investors including KKR India Financial Investments, MNI Ventures and MEMG Family Office LLP.
InCred Finance reported assets under management (AUM) of ₹12,585.07 crore and a profit after tax of ₹373.15 crore as of March 31, 2025.
The company said AUM and PAT grew at a CAGR of 44.04 per cent and 84.97 per cent respectively between FY23 and FY25.
As of December 31, 2025, AUM stood at ₹14,447.86 crore, while PAT for the nine-month period was ₹290.14 crore. Disbursements during the nine months ended December 31, 2025 stood at ₹6,683.28 crore.
The company’s lending portfolio is led by personal loans, which contribute 55.56 per cent of total AUM, followed by student loans at 22.15 per cent.
