InCred Holdings files draft IPO prospectus

InCred Holdings, an arm of non-banking financial company InCred Financial Services, has filed preliminary papers for an initial public offering (IPO) with the Securities and Exchange Board of India (Sebi) through the confidential pre-filing route, and people familiar with the matter pegged the proposed issue size at ₹3,000-4,000 crore.

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In a public announcement on Sunday, the company said it has submitted "the pre-filed draft red herring prospectus with Sebi and the stock exchanges in relation to the proposed initial public offering of its equity shares on the main board."