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IPO · Financial Services

Fibe files DRHP for ₹750 Cr IPO with OFS component

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Fibe logo
Date
Company
Fibe
What it does
digital lending platform
Kind
IPO
Amount
₹750 Cr
Stage
IPO
Founded
2015
Sector
Financial Services

What they do

Fibe is a digital lending platform offering personal loans and purpose-driven financing across sectors like education, healthcare, and insurance

What happened

The company has filed a DRHP with SEBI for an IPO comprising a fresh issue of ₹750 Cr and an OFS of over 4 Cr shares, with TPG as the largest selling…

Why it matters

The IPO proceeds will be used to fund its NBFC subsidiary and general corporate purposes, with Fibe reporting a significant increase in net profit and…

The details

  • Fibe, a digital lending platform formerly known as EarlySalary, has filed its draft red herring prospectus (DRHP) with SEBI for an IPO comprising a fresh issue of up to ₹750 crore and an offer for sale (OFS) of over 4 crore shares.
  • The IPO will include participation from major investors such as TPG, Norwest Capital, and Eight Roads Ventures, who plan to offload significant portions of their shares.
  • The company intends to use a large portion of the fresh issue proceeds to fund its NBFC subsidiary, EarlySalary Services Pvt Ltd, to strengthen its capital base and support onward lending requirements.
  • Fibe reported a significant increase in net profit, with net profit more than doubling to ₹257.5 crore in FY26 from ₹113.7 crore in FY25.
  • The company's operating revenue surged 31% to ₹1,584.6 crore in FY26 from ₹1,208.9 crore in FY25.

The bigger picture

  • The IPO is expected to provide a major liquidity event for existing investors, including TPG, Norwest Capital, and Eight Roads Ventures.
  • Fibe's financial performance has improved significantly, with net profit more than doubling and operating revenue increasing by 31% in FY26.
  • The company's assets under management (AUM) grew at a CAGR of 45.49% to ₹8,602.7 crore as of March 31, 2026.

About the business

  • Fibe is a digital lending platform offering personal loans and purpose-driven financing solutions across sectors such as education, insurance, healthcare, rooftop solar, travel, and e-commerce.
  • The company uses AI, machine learning, and data science across customer onboarding, underwriting, risk management, fraud detection, and collections to deliver credit products quickly and efficiently.
  • Fibe's merchant network spans over 10,387 touchpoints in India, including universities, skill development platforms, insurance companies, and national chain of hospitals.
  • The company's total assets under management (AUM) grew at a CAGR of 45.49% to ₹8,602.7 crore as of March 31, 2026.
  • Fibe's financial performance has improved significantly, with net profit more than doubling to ₹257.5 crore in FY26 from ₹113.7 crore in FY25.

What happens next

  • The company plans to use ₹562.6 Cr from the fresh issue proceeds to invest in its NBFC subsidiary, EarlySalary Services Pvt Ltd, to strengthen its capital base and support onward lending requirements.

The deal

Type
ipo

Investors

  • TPG (largest selling shareholder) — Holds a 23.26% stake in the company.
  • Norwest Capital (selling shareholder) — Holds a 13% stake in the company.
  • Eight Roads Ventures (selling shareholder) — Holds a 13% stake in the company.
  • Piramal Finance (selling shareholder) — Holds a 7.06% stake in the company.
  • International Finance Corporation (IFC) (investor) — Led the startup’s $35 Mn round in December 2025.

Founders

  • Akshay Mehrotra, co-founder and CEO
  • Ashish Goyal, co-founder and CFO

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