Social Worth Technologies IPO

About Social Worth Technologies Ltd IPO

The public issue of the Social Worth Technologies Limited IPO, a mainboard IPO, opens on TBA and closes on TBA. The basis of allotment is expected to be finalised on TBA. Shares will be credited to eligible investors' demat accounts on TBA. The initiation of refunds will take place on TBA. The listing of shares is scheduled for TBA. The equity shares offered through the IPO are proposed to be listed on the BSE and the NSE. The IPO comprises a fresh issue and an offer for sale. The fresh issue consists of equity shares aggregating up to ₹750 crores. The offer for sale comprises up to 4,00,71,200 equity shares of face value ₹5 each. The total issue size will be finalised after the price band is announced.

Social Worth Technologies Limited's IPO price band is fixed at ₹TBA to ₹TBA per share. The lot size for an application is TBA shares. The minimum investment required for retail investors is ₹TBA (TBA shares). The minimum investment required for HNI investors is ₹TBA.

Incorporated in 2015, Social Worth Technologies Limited is a technology-driven financial services platform. The company operates the digital lending platform Fibe, formerly known as EarlySalary. It offers a range of lending products to individuals and businesses through its digital ecosystem.

It includes personal loans and purpose-based financing across categories such as education, healthcare, insurance, travel and e-commerce. The company also provides loans against mutual funds, co-branded credit cards, fixed deposits and insurance products through its partner network. Customers can access these services through its digital platform.

Objectives Of Social Worth Technologies IPO

• Investment in the company's material subsidiary, EarlySalary Services Private Limited (ESPL), to strengthen its capital base for onward lending.
  
• General corporate purposes.
  

Industry Outlook

India remains one of the fastest-growing major economies. The country's nominal GDP grew at around 8.4% between 2020 and 2025. It is projected to grow at a CAGR of around 9.5% during 2025-2030. Rising incomes, higher consumption and expanding formal credit are expected to support this growth.

Digital lending has become an important part of India's retail credit market. Fintech-led personal lending recorded a CAGR of around 41.4% in value and 36.7% in volume between Fiscal 2020 and Fiscal 2026. Faster loan processing, digital onboarding and wider financial inclusion have supported this expansion.

Personal loan originations have increased from around ₹3.8 trillion in Fiscal 2020 to ₹11.4 trillion in Fiscal 2026. During the same period, loan volumes grew from 40.2 million to 172.6 million. Fintech NBFCs have also increased their share of loan origination volumes from 54.0% to 76.7%, reflecting their growing role in the lending ecosystem.

Technology continues to reshape the lending industry. AI, machine learning and digital infrastructure are improving customer onboarding, underwriting, fraud detection and collections. As digital adoption continues to increase and access to formal credit expands, the outlook for India's digital lending industry remains positive.

About Social Worth Technologies Ltd (Fibe)

Incorporated in 2015, Fibe Limited is a technology-led digital consumer financing platform that provides credit solutions to aspirational customers across India. The company offers personal loans and purpose-driven financing for categories such as education, healthcare, insurance, travel, rooftop solar and e-commerce. It also provides adjacent financial products, including loans against mutual funds, co-branded credit cards, third-party fixed deposits and insurance products.

The company operates through a digital-first model supported by artificial intelligence, machine learning and data analytics across customer onboarding, underwriting, fraud detection, servicing and collections. It serves customers through its mobile application, digital channels, merchant partnerships and distribution partners. As of 31 March 2026, its purpose-driven financing network covered more than 10,387 merchant touchpoints across India.

According to the 1Lattice Report, Fibe was among India's top five digital consumer lenders by assets under management (AUM) in Fiscal 2025. As of 31 March 2026, the company had a total AUM of ₹8,602.74 crore, while personal loans accounted for 77.38% of its portfolio and purpose-driven financing contributed 22.62% .

Strengths Of Social Worth Technologies Ltd

• Offers personal loans along with purpose-driven financing across education, healthcare, insurance, travel, rooftop solar and e-commerce.
  
• Assets Under Management (AUM) increased from ₹4,064.15 crores as of 31 March 2024 to ₹8,602.74 crores as of 31 March 2026.
  
• Presence across India through a network of more than 10,387 merchant touchpoints as of 31 March 2026.
  
• Around 95% of loans in Fiscal 2026 were processed through automated credit decisioning.
  
• Funding supported by 41 lending relationships and 10 co-lending partnerships as of
• 31 March 2026.
  
• Management team with experience in consumer lending, financial services and technology.
  

Risks Of Social Worth Technologies Ltd

• The business is dependent on the quality of its loan portfolio. Any deterioration in asset quality could impact its financial performance.
  
• A large part of the business comprises unsecured lending. This exposes the company to higher credit and default risks.
  
• The company operates in a highly regulated industry. Changes in RBI regulations or other applicable laws could affect its operations.
  
• The business depends on continued access to funding from banks, financial institutions and capital markets. Any disruption in funding may affect growth.
  
• The company relies heavily on its technology platform. System failures, cyberattacks or data security breaches could disrupt operations.
  
• Intense competition from banks, NBFCs and fintech companies may impact customer acquisition, pricing and profitability.
  

The company has identified listed peers operating in a similar line of business for broad comparison purposes.

Note: (i) Source – All the financial information for the listed industry peers mentioned above is sourced from the audited Financial Results of the respective companies for the financial year ended 31 March 2026 and stock exchange data dated 25 June 2026 to compute the corresponding financial ratios.

(ii) For the company, the Current Market Price has been taken as the issue price of the equity share. Further, the P/E Ratio is based on the current market price of the respective scrips.

(iii) The EPS, NAV, RoNW and total Revenue of the company are taken as per the Restated Consolidated Financial Statements for FY2026.

(iv) NAV per share is computed as the closing net worth divided by the weighted average number of paid-up equity shares as on 31 March 2026.

(v) RoNW has been computed as net profit after tax divided by the average net worth.

(vi) Net worth has been computed in the manner specified in Regulation 2(1)(hh) of the SEBI (ICDR) Regulations, 2018.

(vii) The face value of the Equity Shares of the Company is ₹5 per Equity Share, and the Issue Price is [-] times the face value of an equity share.

Anchor Investor Bidding Date TBA

Registrar Details
MUFG Intime India Private Limited
E-mail: fibe.ipo@in.mpms.mufg.com
Tel: +91 810 811 4949

Book Running Lead Managers

• Kotak Mahindra Capital Company Limited
  
• Axis Capital Limited
  
• DAM Capital Advisors Limited
  
• JM Financial Limited
  

Social Worth Technologies Limited Contact Details
Unit No. 404, The Chambers, Viman Nagar, Pune – 411014, Maharashtra, India
E-mail: cs.swtl@fibe.in
Telephone: +91 20 6763 9797

Social Worth Technologies Ltd Business Model

Social Worth Technologies Limited operates a technology-led digital lending platform. The company generates revenue through personal loans, purpose-driven financing, fees and commission income, and guarantee premium income. Its lending portfolio covers education, healthcare, insurance, travel, rooftop solar and e-commerce financing. The company also offers loans against mutual funds, co-branded credit cards, fixed deposits and insurance products through partnerships.

Social Worth Technologies Ltd Growth Trajectory

Revenue has moved up consistently over the last three financial years. Total income increased from ₹780.09 crores in FY2024 to ₹1,224.86 crores in FY2025. It crossed ₹1,600 crores in FY2026, reaching ₹1,601.47 crores.

Profitability also improved during this period. Profit after tax nearly doubled in FY2026 to ₹257.47 crores, compared with ₹113.73 crores in the previous year. It was ₹101.25 crores in FY2024.

EBITDA followed the same direction. It stood at ₹265.89 crores in FY2024, increased to ₹357.09 crores in FY2025 and reached ₹647.78 crores in FY2026.

Social Worth Technologies Ltd Market Position

The company is among India's top five digital consumer lenders by AUM for Fiscal 2025, according to the 1Lattice Report.

As of 31 March 2026, assets under management stood at ₹8,602.74 crores. Its merchant network covered more than 10,387 locations across India. Personal loans formed 77.38% of the portfolio, while purpose-driven financing contributed 22.62%.

How To Apply For Social Worth Technologies IPO?

• Step 1: Log in to your Kotak Neo Demat account - Log in to your Demat account to access IPO investments. Next, select the current IPO section.
• Step 2: Specify IPO details - Enter the number of lots and the price you wish to apply for.
• Step 3: Enter UPI ID - After entering your UPI ID, click submit. This will place your bid with the exchange.
• Step 4: Mandate Notification - Your UPI app will receive a mandate notification to block funds.
• Step 5: Approve Request - Your funds will be blocked once you approve the mandate request on your UPI.