InCred Holdings seeks to raise $132 million via fresh IPO share issue in India

On 2026-05-07, InCred Holdings said it aims to raise 12.50 billion rupees ($131.8 million) through a fresh share issue as part of its initial public offering, according to Reuters and draft papers. The offering also includes existing shareholders selling about 99 million shares, and the proceeds are intended to be invested in its lending unit, InCred Financial Services.