Fibe files draft papers for IPO with SEBI
30 Jun 2026, 05:55 PMThe Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares.
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Digital lending platform Fibe has submitted its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) for its initial public offering (IPO).
The Pune-headquartered company aims to raise Rs 750 crore through a fresh issue of shares. The public issue also consists of an offer for sale (OFS) of up to 4 crore equity shares by existing investors.
Among the shareholders participating in the OFS include TPG’s The Rise Fund, Norwest Capital, Eight Roads Ventures, Chiratae Ventures, Piramal Finance, TR Capital, Sabre Investment Consultants, and Galaxystar Ground.
Fibe said it intends to use the majority of the fresh issue proceeds to strengthen the capital base of its subsidiary ESPL and support future lending activities. The remaining funds will be allocated for general corporate requirements.
Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe provides a range of digital credit products, including personal loans, loans against mutual funds, and financing solutions for healthcare, education, insurance, and solar energy needs. The platform relies on artificial intelligence, machine learning, and data analytics to streamline underwriting, risk assessment, fraud prevention, and collections.
At the time of filing, The Rise Fund held the largest stake in the company at 23.26%, while Norwest Capital and Eight Roads Ventures owned 13.38% and 13.02%, respectively. Other notable shareholders include Piramal Finance, TR Capital, and the International Finance Corporation (IFC).
In FY26, Fibe posted a 31% jump in operating revenue to Rs 1,585 crore. Net profit more than doubled during the period, reaching Rs 257 crore. The company reported assets under management (AUM) of Rs 8,603 crore as of March 31, 2026.
Last month, another digital lending platform Kissht made a strong debut on the stock exchanges while another NBFC Aye Finance received a lukewarm response and made a flat market debut.
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