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India’s InCred Holdings files draft IPO prospectus amid NBFC revival
InCred Holdings has filed for an IPO, signalling renewed interest in the Indian NBFC sector amid robust retail credit demand.
InCred Holdings, parent of NBFC InCred Financial Services Ltd, has filed a draft prospectus with India’s market regulator for a potential initial public offering (IPO).
The move, announced on 9 November 2025, comes as non‑bank lenders look to capitalise on strong retail credit demand and regulatory tailwinds in India’s financial services sector.
The IPO plans underscore investor appetite for India’s credit growth story even amid broader market uncertainty.