IPO watch: InCred Holdings files confidential papers with Sebi; eyes Rs 3,000-4,000 cr issue

InCred Holdings, the parent of InCred Financial Services, has submitted draft IPO papers to Sebi, aiming to raise Rs 3,000-4,000 crore. This move follows a strong FY25 performance, with assets under management growing 39% and profit after tax up 18%. The company is utilizing the confidential filing route, a trend seen among several Indian firms seeking listing flexibility.