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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) via the confidential route, according to sources aware of the matter.
The company is preparing to raise between Rs 4,000–5,500 crore through a combination of fresh issue and offer for sale, marking a major step toward its public market debut.
The IPO proceeds are expected to be used to bolster the capital base of its lending arm and fund expansion across business verticals….
