Fibe operator Social Worth Technologies files DRHP with SEBI for IPO

Digital lending fintech platform Social Worth Technologies, which operates Fibe, has filed preliminary papers with the market regulator, the Securities and Exchange Board of India (SEBI) to raise about funds through an initial public offering (IPO).

The proposed initial share sale will be a combination of a fresh issuance of shares worth ₹750 crore and an offer for sale (OFS) of 40,071,200 shares.

Those diluting their stake under the OFS include The Rise Fund III SF Pte. Ltd, Norwest Capital, LLC, Eight Roads Ventures India III LP, Piramal Finance, Kariba Holdings V Mauritius II, Galaxystar Ground, IDG Ventures India Fund III LLC, Sabre Investment Consultants LLP, Chiratae Trust and Utkarsh.

The fresh issue proceeds will be used to invest in the material subsidiary, ESPL, for enhancing its capital base to meet its onwards lending needs and general corporate purposes.

"Our company expects to receive the benefits of listing of the equity shares on the stock exchanges, including enhancement of our company's brand name and creation of a public market for our equity shares in India," Fibe said in its DRHP.

Kotak Mahindra Capital Company, DAM Capital Advisors, JM Financial and Axis Capital are the issue's book-running lead managers, while MUFG Intime India is the registrar.

Half of the issue will be kept aside for qualified institutional buyers (QIBs), 35% for retail investors and 15% for non-institutional investors (NIIs).

Shares of the company will be listed on the NSE and the BSE.

Fibe is a digital consumer financing platform engaged in fulfilling the diverse financial requirements of customers like consumption, education, healthcare and insurance with affordable credit products that are delivered with speed.

It offers personal loans to customers sourced through organic channels, distribution partners and digital platforms, enabling it to source customers through multiple channels across geographies in India. As of March 2026, its personal loan vertical constituted 77.38% of its total asset under management.