Digital lender Fibe has filed for an
Indian initial public offering, draft papers dated Monday
showed, seeking to raise funds as the TPG-backed firm looks to
expand lending to middle-income consumers in the world’s most
populous country.
* Pune-based Social Worth Technologies, parent of Fibe, said it will issue new shares to raise up to ₹750 crore, while existing shareholders are looking to sell up to 40.1 million shares.
* TPG’s The Rise Fund III, Fibe’s largest shareholder with a roughly 23% stake, along with Norwest Capital and Eight Roads Ventures, which own about 13% each, and Piramal Finance, with about 7%, are among investors selling part of their holdings in the IPO.
* Social Worth Technologies, which competes with companies
such as KrazyBee Services and Moneyview, reported a 31% jump in
revenue to 15.85 billion rupees for fiscal 2026, while profit
more than doubled to ₹257 crore.
* As of March 31, 2026, the company had assets under
management of 86.03 billion rupees and more than 1.26 million
unique active customers. Its total gross loans stood at ₹5240 crore, up from ₹2287 crore as of March 31, 2024.
* The company will use IPO proceeds to invest in EarlySalary
Services, its lending arm, to strengthen the unit’s capital base
and support lending growth.
* Moneycontrol reported earlier on Monday that Fibe was
looking to file for an IPO of up to ₹2000 crore. Fibe did
not immediately respond to a Reuters request for comment on the
IPO size or a targeted valuation.
* Kotak Mahindra Capital, Axis Capital, DAM Capital Advisors
and JM Financial are the book-running lead managers to the
issue.