Incred Holdings Ltd. IPO Details
Incred Holdings was incorporated on January 3, 2011. The company is a SEBI-registered merchant banker and investment manager to a SEBI-registered alternative investment fund. It provides fee-based financial services, including debt syndication, debt advisory, fund raising, corporate consultancy, and referral services, with a primary focus on bond issuances in the wholesale debt market
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 99.0 M | - | - | ₹12,500.0 M | DRHP DOC |
Incred Holdings issue details
Incred Holdings has 99.0 M shares on offer
Incred Holdings IPO issue size is ₹ 12,500.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Incred Holdings IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Incred Holdings NUMBER OF SHARES ON OFFER
Incred Holdings FINANCIALS
| Period | Revenue from Operations (Rs in crore) | Net Profit (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) | Margins |
| 9MFY26 | 1,848.9 | 290.1 | -1,421.7 | -1,429.1 | 59.7% |
| 9MFY25 | 1,333.9 | 275.5 | -2,033.1 | -2,050.8 | 62.7% |
| FY25 | 1,873.6 | 373.2 | -2,815.7 | -2,836.8 | 61.5% |
| FY24 | 1,272.7 | 309.0 | -1,372.6 | -1,392.3 | 68.5% |
| FY23 | 865.7 | 109.1 | -726.0 | -750.1 | 64.7% |
Incred Holdings INFORMATION ON IPO ISSUE
About Incred Holdings
Incred Holdings was incorporated on January 3, 2011. The company is a SEBI-registered merchant banker and investment manager to a SEBI-registered alternative investment fund. It provides fee-based financial services, including debt syndication, debt advisory, fund raising, corporate consultancy, and referral services, with a primary focus on bond issuances in the wholesale debt market
Object of the Issue
- For the purpose of investment in itss wholly owned subsidiary, IFSL for augmenting its capital base
- To undertake its existing business activities
- To undertake the activities proposed to be funded from the net proceeds
Incred Holdings - PROMOTERS
| Name |
|---|
| Bhupinder Singh |
| B Singh Holdings Limited |
Incred Holdings - MANAGEMENT & LEADERSHIP
| Name | Designation |
|---|---|
| Bhupinder Singh | Chairman, Whole-Time Director & Chief Executive Officer |
| Gaurav Maheshwari | Whole-Time Director & Chief Financial Officer |
| Vivekanand P S | Non-Executive Director |
| Rupa Rajul Vora | Independent Director |
| Karnam Sekar | Independent Director |
| Saurabh Kant Singh | Independent Director |
| Ambika Bisla | Independent Director |
Incred Holdings Book Running Lead Manager
IIFL Capital Services Limited
ihl.ipo@iiflcap.com
InCred Capital Wealth Portfolio Managers Private Limited
ihl.ipo@incredcapital.com
Kotak Mahindra Capital Company Limited
ihl.ipo@kotak.com
Nomura Financial Advisory and Securities (India) Private Limited
incredipo@nomura.com
UBS Securities India Private Limited
ol-incredipo@ubs.com
Incred Holdings Registrar to the Offer
MUFG Intime India Private Limited
incredholdings.ipo@in.mpms.mufg.com
Incred Holdings Strengths
Diversified product portfolio
The company is one of India’s fastest-growing diversified NBFCs, offering a broad portfolio of lending products to individuals, businesses, students, and financial institutions. Its diversified customer base, disciplined underwriting practices, and efficient operating model support strong growth, risk management, and profitability
Risk first business model
The company follows a risk-first business model, with risk management integrated across all stages of the lending lifecycle, from customer selection and underwriting to monitoring and collections. Its structured controls, collateral safeguards, and proactive delinquency management practices help protect asset quality and minimise credit losses
AI-driven lending technology platform
The company’s operations are powered by a proprietary technology platform that manages the entire lending lifecycle, supported by growing investments in technology and AI capabilities. Its AI-first approach enhances credit assessment, customer servicing, collections efficiency, and operational scalability while improving decision-making and turnaround times
Incred Holdings Risks
Regulatory risks
The company’s material subsidiary, a regulated NBFC, is subject to periodic inspections by the Reserve Bank of India to assess compliance, risk management, and operational practices. Failure to address regulatory observations or comply with RBI requirements could result in penalties, operational restrictions, or other regulatory actions that may adversely affect the business
Credit model & analytics risk
The company relies on proprietary credit evaluation models, data analytics, and technology platforms to assess borrower creditworthiness and make lending decisions. Any inaccuracies in data, algorithmic flaws, technology failures, or inability to adapt to evolving market conditions could increase credit risk, impact asset quality, and adversely affect financial performance
Product mis-selling & compliance risk
The company faces the risk of product mis-selling or misrepresentation by employees, agents, partners, third parties, or through its technology platform. Any such incidents could result in regulatory scrutiny, customer complaints, reputational damage, and adverse financial consequences
IPO FAQs
The promoters of the company are Bhupinder Singh and B Singh Holdings Limited.
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.