Fibe Parent Social Worth Technologies Files DRHP With SEBI for ₹750 Crore IPO; Existing Investors to Sell 4 Crore Shares
Digital lending platform Fibe's parent company, Social Worth Technologies Ltd, has filed its Draft Red Herring Prospectus (DRHP) with the Securities and Exchange Board of India (SEBI), taking the first formal step towards its initial public offering (IPO). The filing was made on 29 June 2026, with details becoming public on 30 June.
The proposed IPO will consist of a fresh issue of equity shares worth ₹750 crore and an Offer for Sale (OFS) of over 4 crore equity shares by existing shareholders. The company may also consider a pre-IPO placement of up to ₹150 crore before filing the final Red Herring Prospectus, which would reduce the size of the fresh issue if completed.
Fibe IPO: Key Details at a Glance
| Particular | Details |
|---|---|
| Company | Social Worth Technologies Ltd (operates under the Fibe brand) |
| IPO Structure | Fresh issue + Offer for Sale |
| Fresh Issue Size | ₹750 crore |
| OFS | More than 4 crore equity shares |
| Pre-IPO Option | Up to ₹150 crore |
| Lead Managers | Kotak Mahindra Capital, Axis Capital, DAM Capital Advisors, JM Financial |
| Proposed Listing | NSE and BSE |
| DRHP Filed | 29 June 2026 |
Source: Company's DRHP and exchange filings.
How Fibe Plans to Use the IPO Proceeds
According to the DRHP, ₹562.6 crore from the fresh issue will be invested in ESPL, the company's material subsidiary. The funds will primarily strengthen ESPL's capital base to support future lending activities. The remaining proceeds will be used for general corporate purposes. Proceeds from the OFS will go to the selling shareholders rather than the company.
The company said that listing on the stock exchanges is also expected to strengthen its brand presence and create a public market for its shares.
Existing Investors to Reduce Stakes Through OFS
Several prominent investors will partially exit through the Offer for Sale. These include The Rise Fund III (TPG), Norwest Capital, Eight Roads Ventures, Piramal Finance, Kariba Holdings, Galaxystar Ground, Chiratae, IDG Ventures, Sabre Investment Consultants, and others.
Fibe was founded by Akshay Mehrotra and Ashish Goyal and is backed by investors including International Finance Corporation (IFC), TPG and Norwest.
Fibe Reports Strong Growth Ahead of IPO
Founded in 2015 and formerly known as EarlySalary, Fibe has expanded beyond personal loans into financing for education, healthcare, insurance and other consumer needs. The company says it uses artificial intelligence, machine learning and data science across customer onboarding, underwriting, fraud detection and collections.
As of 31 March 2026, Fibe reported assets under management (AUM) of ₹8,602.7 crore, up from ₹4,064.1 crore two years earlier, reflecting a compound annual growth rate (CAGR) of 45.49%. Personal loans accounted for 77.38% of its total AUM.
The company also reported a 126.4% increase in profit, reaching ₹257.5 crore in FY26, while net interest income rose 28.1% to ₹734.9 crore, highlighting continued growth in its lending business ahead of its proposed public listing.
Nitin Konde
