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InCred Holdings IPO Details
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IPO Size
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About InCred Holdings IPO
InCred Holdings has filed draft papers with capital market regulator Sebi for its IPO through the confidential route. InCred Holdings is the 100% holding company of InCred Financial Services. The issue size of the IPO is pegged to be around ₹3000 to ₹4000 crores.
InCred Holdings IPO opens on [XX] and closes on [YY]. The allotment of shares will take place on [TBA]. The credit of shares to the demat account will take place on [TBA]. The initiation of refunds will take place on [TBA]. The listing of shares will take place on [TBA].
InCred Holdings is into fee-based business that includes syndication for third parties and investment management activities. Incorporated in 2011, it also acts as an investment manager to certain alternative investment funds registered with Sebi.
Objectives of InCred Holdings IPO
TBA
InCred Holdings IPO Lot Size
| Application | Lots | Shares | Amount in INR |
|---|---|---|---|
Individual Investors (Retail) (Min) | TBA | TBA | TBA |
Individual Investors (Retail) (Max) | TBA | TBA | TBA |
S-HNI (Min) | TBA | TBA | TBA |
S-HNI (Max) | TBA | TBA | TBA |
B-HNI (Min) | TBA | TBA | TBA |
InCred Holdings IPO Offer and Subscription Details
Industry Outlook
The Indian asset management market is projected to reach USD 4.52 trillion by 2030, from USD 2.20 trillion in 2025 at a CAGR of 15.47%. The market is benefitting from SIPs, digital-first distribution and pension reform-driven institutional inflows. The market is also benefitting from regulatory clarity from Sebi and the International Financial Services Centres Authority (IFSCA).
InCred Holdings Company Information
Incorporated in 2011, the business initiatives of InCred Holdings primarily focus on syndication of rated, listed, unlisted and unrated bond issuances. The company also acts as an investment manager to KKR India Debt Opportunities Fund II. In the past, it has also acted as an investment manager to other alternative investment funds.
Strengths of InCred Holdings
TBA
Risks of InCred Holdings
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All Financial Information about InCred Holdings Financials (in ₹ crores)
Peer Comparison
| Company | Total Revenue (in ₹crores) | EPS in ₹ | Return on Net Worth (in %) | NAV Per Share in ₹ |
|---|---|---|---|---|
InCred Holdings | TBA | TBA | TBA | TBA |
Peer A | TBA | TBA | TBA | TBA |
Peer B | TBA | TBA | TBA | TBA |
Anchor Investor Bidding Date
TBA
IPO Registrar and Book Running Lead Managers
- IPO Registrar: TBA
- Book Running Lead Managers: TBA
Business Model
The business objectives of InCred Holdings encompass these activities:
- Merchant banking services in debt segment to domestic clients
- Creating opportunities in the domestic corporate bond market
- Offering mergers and acquisition along with financing related advisory services
- Acting as an investment manager and sponsor to AIFs
InCred Holdings Growth Trajectory
The revenue from operations of InCred Holdings grew from ₹865.6514 crores in FY 23 to ₹1873.6212 crores in FY 25. The assets under management of the company increased 39% year-on-year to ₹12,585 crores in FY 25.
InCred Holdings Market Position
The filing of draft papers with Sebi from InCred Holdings comes on the back of a robust financial performance and a well-diversified lending portfolio. The lending arm of InCred Holdings has disbursed loans worth over ₹25,000 crores, serving more than 4 lakh customers through a network of over 140 branches.
InCred Holdings Profit and Loss (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Total Income | 1893.7703 | 1296.1307 | 880.7062 |
Profit /(Loss) Before Tax | 507.4027 | 399.5429 | 190.9641 |
Profit / (Loss) After Tax | 373.1498 | 309.0391 | 109.0642 |
EBITDA | TBA | TBA | TBA |
EPS in ₹ | 5.81 | 5.07 | 1.85 |
InCred Holdings Balance Sheet (in ₹ crores)
| Parameter | FY25 | FY24 | FY23 |
|---|---|---|---|
Profit /(Loss) Before Tax | 507.4027 | 399.5429 | 190.9641 |
Net Cash (used in) / Generated from Operating Activities | (2815.7457) | (1372.5552) | (726.0440) |
Net Cash (used in) / Generated from Investing Activities | 23.1375 | (539.7394) | 393.5765 |
Net cash (used in) / Generated from Financing Activities | 3447.2721 | 1597.3944 | 634.1795 |
Cash and Cash Equivalents at the End of the Year | 669.3651 | 14.7011 | 329.6013 |
How to Check Allotment Status of InCred Holdings IPO?
1. Visit the Registrar’s Website
Visit the registrar’s website and check the link for IPO allotment status. Enter your application number, DP or client ID and click on ‘Submit’ to know the status.
2. Check on the National Stock Exchange Website
The National Stock Exchange (NSE) website has an IPO bid verification module. You can use it to check the allotment status of InCred Holdings IPO. Go to the NSE website and find the ‘Invest’ tab. Click on ‘Verify IPO Bids’ under ‘Resources & Tools’.
On the NSE IPO bid verification page, enter:
- Company name from dropdown
- Application number
- PAN
Then click ‘Submit’ to know the allotment status.
3. Check on BSE Website
The Bombay Stock Exchange (BSE) also has an IPO allotment status page. Go to the BSE website and find the ‘Investors’ tab. Under ‘Investors’, click on ‘IPO’. This will take you to the IPO allotment status page. On the BSE IPO page, follow these steps:
- Select ‘Equity’ from the dropdown menu
- Choose ‘InCred Holdings’ in the next dropdown
- Enter your application number
- Enter your PAN
- Click ‘Search’ to know allotment status
How to Apply for the InCred Holdings IPO?
To apply for this IPO:
- Log in to your Kotak Securities Demat account: Log in to your Demat account to access IPO investments. Next, select the current IPO section.
- Specify IPO details: Enter the number of lots and the price you wish to apply for.
- Enter UPI ID: After entering your UPI ID, click submit. This will place your bid with the exchange.
- Mandate Notification: Your UPI app will receive a mandate notification to block funds.
- Approve Request: Your funds will be blocked once you approve the mandate request on your UPI.
This article is for informational purposes only and does not constitute financial advice. It is not produced by the desk of the Kotak Securities Research Team, nor is it a report published by the Kotak Securities Research Team. The information presented is compiled from several secondary sources available on the internet and may change over time. Investors should conduct their research and consult with financial professionals before making any investment decisions. Read the full disclaimer here.
Investments in the securities market are subject to market risks, read all the related documents carefully before investing. Please read the SEBI-prescribed Combined Risk Disclosure Document before investing. Brokerage will not exceed SEBI’s prescribed limit.
InCred Holdings IPO FAQs
What is the InCred Holdings IPO?
InCred Holdings has filed draft papers with Sebi for its IPO pegged between ₹3000 to 4000 crores.
When is the IPO of InCred Holdings coming?
The exact dates of the IPO are yet to be announced.
Who is the MD of InCred Holdings?
Bhupinder Singh is the MD of InCred Holdings.
What is the lot size of shares in the InCred Holdings IPO?
The lot size of shares in this IPO is yet to be announced.
From where can I read more about InCred Holdings and its IPO?
You can read more about InCred Holdings and its IPO from the company’s draft red herring prospectus here.