Mumbai‑based InCred Holdings, parent of NBFC InCred Financial Services Ltd, has filed a draft prospectus for an initial public offering. Since its inception in 2016, the company has disbursed over ₹25,000 crore (≈US$2.84 billion) across personal, student and secured business loans via more than 140 branches and 400,000 customers. The move underscores investor interest in India’s retail credit growth despite macro uncertainty and adds another major listing to the NBFC sector’s pipeline.