IPO · Financial Services
Social Worth Technologies files for initial public offering
By Startup Enthusiast ·
- Date
- Company
- Social Worth Technologies Ltd
- What it does
- Digital personal lending platform
- Kind
- IPO
- Amount
- Rs.750 Cr
- Stage
- public
- Based in
- Mumbai
- Sector
- Financial Services
What they do
Social Worth Technologies operates the Fibe brand, which provides digital personal loans to customers across India
What happened
The company filed for an IPO (initial public offering; first-time sale of shares to the public) worth Rs.750 crore
Why it matters
Existing investors including Rise Fund and Norwest Capital will sell over 40 million shares during the public issue
The details
- Social Worth Technologies has filed for an IPO to raise up to Rs.750 crore through a fresh issue of shares.
- The offering includes an offer for sale (existing shareholders selling their stakes) of up to 40,071,200 equity shares.
- The company may also conduct a pre-IPO placement of up to Rs.150 crore before the main public issue.
- The shares have a face value of Rs.5 each and will be listed on the NSE (National Stock Exchange).
- The company plans to use the fresh capital to boost the capital base of its subsidiary, ESPL, for lending purposes.
The bigger picture
- Proceeds from the fresh issue are intended to support the company's growth in the competitive digital lending market.
About the business
- The company operates under the brand name Fibe to provide financial services to consumers.
- It focuses on digital personal lending and operates out of its headquarters in Mumbai.
- The business model relies on its subsidiary ESPL to manage its lending operations and capital requirements.
The deal
- Type
- ipo
Other articles talking about it
Same day
- Curefoods files IPO for ₹800 crore12 September 2026 · IPO · ₹800 Cr
- Delhivery completes its initial public offering on the NSE12 September 2026 · IPO · ₹5,235 Cr
- DSM Fresh Foods faces scrutiny over fund diversion12 September 2026 · Legal
- Zepto delays IPO to 2027 and reduces issue size12 September 2026 · IPO · ₹8,100 Cr
- Deltatech Gaming files for initial public offering12 September 2026 · IPO · ₹550 Cr
- One Mobikwik Systems Ltd completes initial public offering12 September 2026 · IPO · ₹572 Cr