InCred Holdings IPO: Company Files Papers With SEBI to Raise ₹1,250 Crore
- 7th May 2026
- 05:00 PM
- 3 min read
Summary
InCred Holdings has filed its draft red herring prospectus with Sebi for an initial public offering. The issue comprises a fresh issue of equity shares aggregating up to ₹1,250 crore and an offer for sale of up to 9,90,20,833 equity shares. The shares are proposed to be listed on BSE and NSE. Proceeds from the OFS will accrue to selling shareholders, not the company.Mumbai | 7 May 2026
Non-banking financial company InCred Holdings has filed its draft red herring prospectus with the Securities and Exchange Board of India to raise funds through an initial public offering. The filing marks the company’s formal step towards a public listing.
What Is the InCred Holdings IPO?
The InCred Holdings IPO is a public offering by the non-banking financial company. The issue has two components: a fresh issue of equity shares aggregating up to ₹1,250 crore and an offer for sale of up to 9,90,20,833 equity shares. The shares are proposed to be listed on BSE and the National Stock Exchange of India.
Who Are the Selling Shareholders?
Multiple shareholders will participate in the offer for sale:
- KKR India Financial Investments Pte. Ltd.
- MNI Ventures
- MEMG Family Office LLP
- V’Ocean Investments Ltd.
- Moore Strategic Ventures LLC
- Dalmia Enterprises Holdings
- Christopher Anthony Mathias
- Innovative Quest LLP
- Dixit Aswin Josh
- Bona Terra Greenhouses LLP
What Is the IPO Objective?
The company will not receive any proceeds from the offer for sale. Proceeds will go directly to the selling shareholders after deducting their respective offer-related expenses and applicable taxes.
In its DRHP, the company stated that each selling shareholder will be entitled to receive its respective portion of the proceeds, after deducting its proportion of the offer-related expenses and the relevant taxes.
About InCred Holdings
InCred Holdings is an Indian financial services holding company, formerly known as KKR Capital Markets India Limited. It operates through its subsidiaries to provide a range of financial products and services, using technology and data analytics to deliver them.
Its main business verticals include:
- Lending (personal, education, and SME business loans)
- Wealth management
- Asset management
- Investment banking
- Institutional equities
- Digital investment distribution
The company expanded its services by merging with KKR India Financial Services. It has more recently entered retail broking and gold loans.
InCred Holdings now awaits regulatory review of its DRHP. Key details, including IPO dates, price band, and lot size, will be announced in due course. The listing remains subject to market conditions and applicable approvals.
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