Markets regulator SEBI has approved the initial public offering (IPO) of InCred Holdings, clearing the company to move ahead with its public issue. InCred Holdings is the 100% parent company of InCred Financial Services, one of India’s fastest-growing new-age non-banking financial companies (NBFCs).

The InCred Group operates a diversified lending business, offering personal loans, education loans, MSME financing, secured business loans, and lending to financial institutions. Since inception, the company has disbursed loans worth over ₹25,000 crore to more than 4 lakh customers through a network of 140+ branches and a workforce of over 2,600 employees.

As of FY25, InCred Financial Services reported assets under management of ₹12,585 crore, registering a 39% year-on-year growth, supported by technology-driven underwriting and a strong focus on risk management.

SEBI’s approval marks a key milestone for InCred as it prepares to tap the capital markets.