InCred Holdings files updated draft IPO papers with Sebi; eyes Rs 1,250 cr via fresh issue

InCred Holdings files updated draft IPO papers with Sebi; eyes Rs 1,250 cr via fresh issue

New Delhi, May 7 (PTI) Retail-focused NBFC InCred Holdings has filed updated draft papers with capital markets regulator Sebi for its proposed Initial Public Offering (IPO), with people familiar with the development estimating the issue size at around Rs 3,000-4,000 crore. The company is targeting a valuation of around Rs 15,000 crore through the proposed IPO, they added. According to the Updated Draft Red Herring Prospectus (UDRHP) filed late o…

InCred Holdings Files UDRHP For IPO, To Raise ₹1,250 Cr Via Fresh Issue

InCred Holdings, the parent entity of NBFC major InCred Financial Services, has filed its updated draft red herring prospectus (UDRHP-I) with SEBI. The company’s public issue will comprise a fresh issue of shares worth up to ₹1,250 Cr and an offer for sale (OFS) of up to 9.9 Cr equity shares. The company plans to utilise the proceeds primarily to strengthen the capital base of its wholly owned subsidiary InCred Finance and support onward lending…