IPO · Financial Services

Fibe gets SEBI nod for ₹750 crore IPO

By Startup Enthusiast · 15 September 2026

What they do

Fibe is a Pune-based digital lending platform offering personal loans and purpose-driven financing

It received SEBI's final observation for an IPO with a fresh issue of ₹750 crore and an OFS of 40.07 million shares

The company plans to invest ₹562.6 crore in its NBFC subsidiary to boost lending capacity

Fibe, the brand of Social Worth Technologies Ltd, has received SEBI's final observation for its IPO on 15 September 2026.
The company had filed its DRHP with SEBI on 29 June 2026.
The IPO includes a fresh issue of up to ₹750 crore and an offer for sale (OFS) of up to 40.07 million shares by existing shareholders.
The company may consider a pre-IPO placement of up to ₹150 crore, which would reduce the fresh issue size.
Proceeds from the fresh issue will be used to invest ₹562.6 crore in its NBFC subsidiary EarlySalary Services Pvt Ltd (ESPL) over the next two fiscal years.
The remaining fresh proceeds will be used for general corporate purposes.
The company will not receive any proceeds from the OFS portion.

Fibe's AUM grew at a CAGR of 45.49% from ₹4,064.2 crore in FY24 to ₹8,602.7 crore in FY26.
Its net profit more than doubled from ₹113.7 crore in FY25 to ₹257.5 crore in FY26.
The IPO will help Fibe strengthen its capital base to support growing lending demand.

Fibe is a digital lending platform based in Pune, formerly known as EarlySalary.
It offers personal loans up to ₹10 lakh with no collateral required.
It also provides loan against mutual funds and purpose-driven financing for education, healthcare, insurance, rooftop solar, travel, e-commerce, and consumption.
The company uses AI, ML, and data science for customer onboarding, underwriting, risk management, fraud detection, operations, and collections.
As of 31 March 2026, Fibe had an AUM of ₹8,602.7 crore.
Personal loans make up ~77% of AUM, while purpose-driven financing accounts for 22.62%.
The company has facilitated over 9.8 million cumulative loans and disbursed over ₹48,000 crore cumulatively.
Its app has been downloaded over 46 million times, serving over 3.3 million customers.
Fibe earns revenue from interest income on loans (₹1,023.17 crore in FY26, 64.6% of revenue) and processing fees, servicing fees, late-payment/bounce charges, and commissions (₹393.6 crore in FY26).

Fibe will invest ₹562.6 crore in its NBFC subsidiary ESPL over the next two fiscal years to augment its capital base and support lending requirements.
The remaining fresh proceeds will be used for general corporate purposes.

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