InCred Holdings files draft prospectus for IPO

InCred Holdings, the parent of non-banking financial company InCred Financial Services Ltd, has filed a draft prospectus with the market regulator for a potential initial public offering, the company said on Sunday.

The Mumbai-headquartered company, which offers personal, student and secured business loans, has disbursed more than Rs 250 billion ($2.84 billion) since its inception in 2016, serving over 400,000 customers through a network of more than 140 branches.