Pune-based digital lending company Fibe, operating under Social Worth Technologies Limited, filed its Draft Red Herring Prospectus with SEBI on June 29, 2026, to launch an Initial Public Offering. The IPO includes a fresh equity issue of up to Rs 750 crore and an offer for sale of 40,071,200 shares by existing investors such as The Rise Fund III, Norwest Capital, Eight Roads Ventures, and Piramal Finance, according to medianama.com.
Fibe may conduct a pre-IPO placement of up to Rs 150 crore, which would reduce the fresh issue proportionally. The book-running lead managers for the offering are Kotak Mahindra Capital, Axis Capital, DAM Capital Advisors, and JM Financial. Incorporated in 2015, Fibe operates a technology-led lending platform primarily through its subsidiary EarlySalary Services Private Limited, an NBFC that provides personal loans and purchase/point-of-sale finance to middle-income customers.
The company plans to allocate most of the fresh issue proceeds to its lending engine, investing Rs 562.6 crore into EarlySalary Services Private Limited to strengthen its capital base and support lending growth. Up to 25% of the gross proceeds, capped at approximately Rs 187.5 crore, will be used for other strategic purposes. The involvement of established investors and multiple lead managers underscores the scale of the offering in the digital lending sector.
The IPO filing marks a key step for Fibe to expand its lending operations and capital base. The company’s draft red herring prospectus is publicly available, and the next regulatory milestones include SEBI review and approval before the final IPO launch.