InCred Holdings, the holding company of InCred Financial Services (InCred Finance), has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), as per a public announcement in newspaper.
The size of IPO is reportedly around ₹3,000-₹4,000 crore, and the issue includes both fresh issue and offer for sale components.
The filing of the pre-filed DRHP shall not necessarily mean that the company will undertake the IPO, the notice said.
InCred Finance’s AUM stood at ₹12,585 crore as on FY25, and net profit for the last fiscal was at ₹372 crore.