Digital lending platform Fibe gets Sebi nod to launch IPO

Social Worth Technologies Ltd, which operates under the brand name Fibe, has secured Sebi's approval to raise funds through an initial public offering (IPO), comprising a fresh issue of shares worth Rs 750 crore, an update with the regulator showed on Tuesday.

The IPO also includes an Offer-for-Sale (OFS) of over 4 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).

Proceeds from the fresh issue will be used to invest in its subsidiary, ESPL, for augmenting its capital base to support onward lending requirements, besides meeting general corporate purposes.


Social Worth Technologies received Sebi's final observations on September 15.

The company had filed draft papers with the Securities and Exchange Board of India (Sebi) in June.

Receiving Sebi's observations is a key step in the IPO process, following which a company can proceed with further preparations for its public issue, subject to applicable regulatory requirements.

The company, incorporated in 2015 as Social Worth Technologies Ltd, operates under the Fibe brand and offers digital credit products across personal loans and purpose-driven financing, catering to consumption, education, insurance and healthcare needs.

Fibe said technology forms the backbone of its operations, with artificial intelligence (AI), machine learning (ML) and data science being deployed across customer onboarding, underwriting, risk management, fraud detection, operations and collections.

The Pune-based company expanded its product portfolio from personal loans to purpose-driven financing in 2021, helping diversify its lending business.

Its assets under management (AUM) grew at a compound annual growth rate (CAGR) of 45.49 per cent to Rs 8,603 crore as of March 31, 2026, from Rs 4,064 crore as of March 31, 2024. Profit rose to Rs 257.46 crore in FY26 from Rs 101.24 crore in FY24.

As of March 31, 2026, personal loans accounted for 77.38 per cent of the company's total AUM, while purpose-driven financing contributed 22.62 per cent.

Fibe was founded by Akshay Mehrotra, Managing Director and Group CEO, and Ashish Sohan Goyal, Chairperson, Executive Director and Group CFO. It is backed by multiple investors including International Finance Corporation, TPG Inc and Norwest.

Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial are the book-running lead managers to the issue.