InCred Holdings IPO Description – InCred Holdings is a diversified financial services platform with a strong focus on retail and MSME lending through its material subsidiary, InCred Financial Services (IFSL), an RBI-registered NBFC. It provides a wide range of credit solutions including personal loans, student loans, secured business loans, specialised MSME financing, and lending to financial institutions. The company primarily caters to underserved customer segments that have limited access to traditional banking channels.
As of 31 December 2025, the company reported Assets Under Management (AUM) of INR 14,447.9 crore, while profit after tax for 9M FY26 stood at INR 290.1 crore. Personal loans contribute the largest share of the portfolio at 55.56% of AUM, followed by student loans at 22.15%. Between FY23 and FY25, the company achieved an AUM CAGR of 44.04% and PAT CAGR of 84.97%, making it one of the fastest-growing diversified NBFCs in India according to the CRISIL report. The company leverages an AI-enabled technology platform for underwriting, collections, fraud detection, and customer servicing. Its operations are supported by 158 branches across 152 cities and a distribution network covering over 17,000 pin codes in India. As of 31 December 2025, the company has a manpower of 2,980 employees.
Promoters of InCred Holdings – Bhupinder Singh and B Singh Holdings Limited
InCred Holdings IPO Details
| InCred Holdings IPO Dates | Coming soon |
| InCred Holdings Issue Price | Coming soon |
| Fresh Issue | INR 1,250.0 crore |
| Offer For Sale | 9,90,20,833 shares |
| Total IPO Size | Coming soon |
| Minimum Bid (Lot Size) | Coming soon |
| Pre-issue Shares | *** shares |
| Face Value | INR 10 per share |
| Listing On | NSE, BSE |
InCred Holdings IPO Allocation in Different Categories
InCred Holdings Financial Performance
| FY 2023 | FY 2024 | FY 2025 | 9M FY 2026 | |
| Revenue | 865.65 | 1,272.70 | 1,873.62 | 1,848.94 |
| Expenses | 629.42 | 876.48 | 1,386.37 | 1,471.15 |
| Net Income | 109.06 | 309.04 | 373.15 | 290.15 |
| Margin (%) | 12.60 | 24.28 | 19.92 | 15.69 |
InCred Holdings Offer News
InCred Holdings Valuations & Margins
| FY 2023 | FY 2024 | FY 2025 (Pre-Issue) | FY 2026* (Post-Issue) | |
| EPS | 1.81 | 4.87 | 5.58 | – |
| PE Ratio | – | – | – | – |
| Price/Sales Ratio | – | – | – | – |
| Price/Book Ratio | – | – | – | – |
| Current Ratio | 1.60 | 1.35 | 1.50 | – |
| FY 2023 | FY 2024 | FY 2025 | |
| RONW (%) | 4.66 | 10.41 | 10.38 |
| NAV | 42.80 | 52.77 | 58.74 |
| ROCE (%) | 8.53 | 10.15 | 9.33 |
| EBITDA (%) | – | – | – |
| Debt/Equity | 1.52 | 1.48 | 2.20 |
Evaluate the quality of an IPO using these essential investing ratios to make an informed decision.
InCred Holdings IPO Anchor Investors
InCred Holdings raises () from anchor investors. InCred Holdings Anchor bid date is ().
| Bid Date | Coming soon |
| Shares Offered | Coming soon |
| Anchor Portion (INR Cr.) | Coming soon |
| Anchor lock-in period end date for 50% shares (30 Days) | Coming soon |
| Anchor lock-in period end date for remaining shares (90 Days) | Coming soon |
InCred Holdings IPO GMP Today (Daily Trend)
InCred Holdings Offer Objectives
The company proposes to utilize net proceeds from the issue towards the following objects:
- Investment in wholly owned subsidiary InCred Financial Services to augment its capital base
- General Corporate Purposes
InCred Holdings IPO Subscription – Live Updates
Coming soon
() shares allotted to anchor investors are not included in these calculations.
InCred Holdings – Comparison With Listed Peers
| Company | PE ratio | EPS | RONW (%) | NAV | Revenue (Cr.) |
| InCred Holdings | – | 5.58 | 10.38 | 58.74 | 1,873.62 |
| Bajaj Finance | 35.43 | 26.82 | 19.10 | 159.37 | 69,683.51 |
| HDB Financial | 24.35 | 27.32 | 14.72 | 198.80 | 16,300.28 |
| Aditya Birla Capital | 27.30 | 12.67 | 11.03 | 124.08 | 40,589.98 |
| Poonawalla Fincorp | NA | (1.27) | (1.20) | 105.76 | 4,189.76 |
InCred Holdings IPO Allotment Status
You can check InCred Holdings IPO allotment status on MUFG Intime’s website. Click on this link to get the allotment status. Often not getting IPO allotment? Learn how to improve your IPO allotment chances.
InCred Holdings IPO Dates & Listing Performance
| IPO Opening Date | Coming soon |
| IPO Closing Date | Coming soon |
| Finalization of Basis of Allotment | Coming soon |
| Initiation of refunds | Coming soon |
| Transfer of shares to demat accounts | Coming soon |
| InCred Holdings IPO Listing Date | Coming soon |
| Opening Price on NSE | Coming soon |
| Closing Price on NSE | Coming soon |
InCred Holdings IPO Reviews – Subscribe or Avoid?
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InCred Holdings IPO Lead Manager
IIFL CAPITAL SERVICES LIMITED
24th Floor, One Lodha Place, Senapati Bapat Marg,
Lower Parel (West), Mumbai 400 013, Maharashtra, India
Tel: +91 22 4646 4728
E-mail: [email protected]
Website: www.iiflcap.com
InCred Holdings Offer Registrar
MUFG INTIME (LINK INTIME) INDIA PRIVATE LIMITED
C-101, 1st Floor, 247 Park L.B.S. Marg,
Vikhroli West, Mumbai – 400 083, Maharashtra
Telephone: +91 810 811 4949
Email: [email protected]
Website: www.in.mpms.mufg.com
INCRED HOLDINGS LIMITED
Unit No 1203, 12th Floor, B Wing,
The Capital, C-70, G Block,
Bandra Kurla Complex, Bandra East,
Mumbai – 400 051, Maharashtra, India
Phone: 91 22 6844 6100
Email: [email protected]
Website: www.incredholdings.com
IPO Resources
How many shares in InCred Holdings IPO are reserved for HNIs and retail investors?
The investors’ portion for QIB – 50%, NII – 15%, and Retail – 35%.
How to apply in InCred Holdings Public Offer?
What is InCred Holdings IPO GMP today?
InCred Holdings IPO GMP today is INR NA per share.
What is InCred Holdings Subject to Sauda rate today?
InCred Holdings Subject to Sauda rate today is INR NA per application.
Krishna comes from a family of investors and financial analysts, She learnt wading through regulatory filings pretty early in her career. She has several years of experience in financial and industry analysis under her belt. At IPO Central, Krishna plays twin roles of Contributor and Head of research desk.
