Fibe Parent Social Worth Technologies Files DRHP For ₹750 Crore Fresh Issue IPO

Social Worth Technologies Ltd, the parent company of digital lending platform Fibe, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).

According to the draft red herring prospectus (DRHP) filed on Monday, the proposed IPO comprises a fresh issue of equity shares worth up to ₹750 crore and an offer for sale (OFS) of more than 4 crore equity shares by existing shareholders.

The company said proceeds from the fresh issue will be invested in its material subsidiary, ESPL, to strengthen its capital base and support future lending requirements. The remaining funds will be used for general corporate purposes.

Founders And Investors

Social Worth Technologies, incorporated in 2015, operates under the Fibe brand. It was founded by Akshay Mehrotra, Managing Director and Group CEO, and Ashish Sohan Goyal, Chairperson, Executive Director and Group CFO.

The company is backed by several institutional investors, including International Finance Corporation (IFC), TPG Inc. and Norwest. Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial have been appointed as the book-running lead managers for the IPO.

The filing adds to the steady flow of companies approaching the capital markets as firms seek to tap investor demand through fresh listings.

Focus On Lending Business

Fibe offers digital lending products across personal loans and purpose-driven financing. Its lending products cater to consumption, education, insurance and healthcare needs.

The company said technology plays a central role in its operations. It uses artificial intelligence (AI), machine learning (ML) and data science across customer onboarding, underwriting, risk management, fraud detection, operations and collections. Since 2021, Fibe has expanded beyond personal loans into purpose-driven financing.

Also Read - Tata Communications Share in focus After $152 Million India-Singapore Subsea Cable Investment

Business Mix And Financials

The company's loan book has grown sharply over the past two years. Its assets under management (AUM) stood at ₹8,603 crore as of 31 March 2026, up from ₹4,064 crore two years earlier.

According to the DRHP, that translates into a compound annual growth rate (CAGR) of 45.49%. Profit also increased during the period. The company posted a net profit of ₹257.46 crore in FY26, compared with ₹101.24 crore in FY24.

Personal loans continued to make up the bulk of the business. They accounted for 77.38% of the total AUM as of 31 March 2026. The remaining 22.62% came from purpose-driven financing.