InCred Holdings, the parent company of leading NBFC firm InCred Financial Services, has filed revised documents with SEBI for its initial public offering (IPO). The company is targeting to raise Rs 1,250 crore through fresh shares and 9.9 crore shares through an offer for sale (OFS). Prominent investors like KKR and MEMG Family Office are selling their shares through this.

The company will use the proceeds from the share sale primarily to expand the capital base of its subsidiary and further strengthen its existing lending operations. Incred Group, which was launched in 2011, operates through three divisions: Incred Finance, which provides loans, Incred Capital, which manages investments, and Incred Money. The company also joined the country's unicorn club after raising $60 million in funding in 2023.

The company currently has 158 branches across 152 cities across India, and its mobile app has over 4.5 lakh users. The company has been performing well financially. Incred Holdings' consolidated net profit grew by 5.3 percent to Rs 290.1 ​​crore in the first nine months of the current financial year, while operating income rose by 38.6 percent to Rs 1,848.9 crore.