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TPG-backed lender Fibe hires bankers for ₹1k-1.5k crore IPO

Mint Ahmedabad

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October 09, 2025

TPG-backed online lending platform Fibe has shortlisted three investment bankers to steer its initial public offering (IPO), through which it plans to raise between ₹1,000 crore and ₹1,500 crore at a targeted valuation of over $1 billion, three people familiar with the matter said.

- Priyam vada C

TPG-backed lender Fibe hires bankers for ₹1k-1.5k crore IPO

It has hired Axis Capital, Kotak Mahindra Capital, JM Financial

The company has roped in Axis Capital, Kotak Mahindra Capital, and JM Financial to lead the process, the people said, adding that the listing could materialize by mid-to-late next year. “The company is likely to appoint a fourth banker in the coming weeks,” one of the people cited above said. Fibe and Axis declined to comment, while Kotak and JM Financial did not respond to Mint’s queries.

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