Mumbai-based NBFC house InCred Holdings has filed confidential draft papers with Securities and Exchange Board of India (SEBI) for an initial public offering aimed at raising between ₹3,000 crore and ₹4,000 crore. The filing covers a fresh issuance of shares and an offer for sale by existing investors, signalling the firm’s intent to use public-market capital for growth across its lending and wealth-management businesses. The proposed IPO positions itself amid a robust fundraising environment, though final size and pricing remain subject to market conditions.