3
InCred Holdings, the holding company of non-banking financial company (NBFC) InCred Financial Services, has filed its draft red herring prospectus (DRHP) with market regulator Securities and Exchange Board of India (Sebi) through the confidential route for an initial public offering (IPO).
The IPO could raise between Rs 4,000 and Rs 5,000 crore, including a pre-IPO placement of around Rs 300 crore. The proposal was approved by the company’s board in June 2025 and by shareholders in October 2025. The offering will include both a fresh issue and an…
