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InCred Holdings Files Confidential DRHP With Sebi To Launch IPO
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InCred Holdings, led by Bhupinder Singh, confidentially filed DRHP with SEBI as it eyes capital markets.
Incred Holdings files confidential DRHP
InCred Holdings, the 100% holding company of InCred Financial Services Limited (InCred Finance), has confidentially filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), as per the public announcement.
The company, part of Bhupinder Singh founded InCred Group, is looking to tap the capital markets.
According to several reports, the IPO size could be in range between Rs 4,000-5000 crore. The IPO will comprise of fresh issue as well as an offer-for-sale.
InCred Finance is part of InCred Group, a diversified financial services group that has three distinct business – ‘InCred Finance’ the lending focused NBFC, ‘InCred Capital’ the integrated institutional platform and ‘InCred Money’ which is the retail wealth-tech investment distribution vertical.
The marquee investors are Abu Dhabi Investment Authority, TRS (Teacher Retirement System of Texas), KKR, Oaks, Elevar Equity, and Moore Venture Partners
Since inception in 2016, InCred Finance has disbursed loans worth over Rs 25,000 crore, serving more than 4 lakh customers through a network of 140+ branches and a workforce of 2,600+ employees. Personal Loan, Student Loan, Specialised MSME Loan, Secured Business Loan and Loans for Financial Institutions.
The lender has built scale with over Rs 12,585 crore (39% YoY growth) in assets under management (AUM) as of FY25, supported by disciplined risk management and the use of technology and data science to serve underserved customer segments.
The business operates with a diversified loan book which provides natural protection against segment-specific risks.
Bhupinder Singh, who previously co-headed Deutsche Bank’s Corporate Banking & Securities division for Asia-Pacific before founding InCred Group in 2016, has built a full-fledged diversified financial services platform under InCred Group.
InCred Finance, which merged with KKR India Financial Services in 2022 to form a joint entity under the InCred Finance brand, reported a net revenue of Rs 1,255.0 crore for the financial year ended March 2025 — a growth of 49.9% over the previous year. During this period, InCred Finance reported a standalone profit of Rs 372.2 crore.
For the quarter ended June 2025, the company posted a profit of Rs 94.2 crore, while net revenue rose 42.0% to Rs 376.6 crore from Rs 265.2 crore a year ago
The listed shares of Incred Holdings Limited are trading at Rs 165 as of now.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
November 09, 2025, 13:34 IST
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It is thought that thousands of people may have lost their jobs at Oracle, one of the world’s largest tech companies.
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The US-Israel Iran war has halted almost all traffic in a key waterway and the price Brent crude has surged.
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Crunch talks between resident doctors and the Government are set to continue in a bid to avert strike action.
Sir Keir Starmer has given the resident doctors committee of the British Medical Association (BMA) a deadline to reconsider a deal on pay and jobs which includes an offer of thousands of extra NHS training posts.
It is understood the proposal will be removed from the deal if resident doctors in England press ahead with a six-day strike from April 7 in a row over jobs and pay.
Dr Jack Fletcher, chairman of the resident doctors committee of the union, said: “It is wrong for Government to withhold desperately-needed jobs as part of negotiating tactics.
“Anyone who works in the NHS knows that patients need these 4,000 jobs created as soon as possible.
“We made that very clear to Government in our meetings today.
“We are not interested in arbitrary deadlines – we will be looking to get this dispute ended right up to the last minute.
“We believe there is a deal there to be done if Government is willing to withdraw the changes it made at the last minute that reduced the funding for pay rises. Talks continue.”
It comes as senior medics announced they were escalating their disputes with the Government.
Consultants and other senior doctors are to be balloted on industrial action after ministers announced they would be getting a 3.5% pay award.
Simultaneous ballots of consultants and specialist, associate specialist and specialty (SAS) doctors will run from May 11 until July 6.
Addressing resident doctors, Prime Minister Sir Keir Starmer wrote in The Times: “The truth is this: no-one benefits from rejecting this deal.
“Resident doctors will be worse off. Instead of improved pay, progression and support, they will receive the standard pay award this year, with none of the reforms that would have strengthened their working lives.”
The deal sets out a minimum of 4,000 new additional specialty posts to be delivered over the next three years.
NHS England boss Sir Jim Mackey confirmed the offer to expand training places will “come off the table” if an agreement is not reached.
The walkout, which is due to run from 7am on April 7 until 6.59am on April 13, will be the 15th round of strikes by resident doctors in England since 2023.
In a letter to health leaders, Mike Prentice, national director for emergency planning at NHS England, wrote: “We expect this round to be challenging as there is a shorter notice period, bank holidays within the notice period and the action itself falling during the Easter holidays.
“This will represent a significant strain on staffing resources to provide safe cover.”
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