Incred Holdings
- Unlisted share
- Financial Services
- ISIN INE732W01014
At a glance
Income
FY25
₹1,894 Cr
+46.1%on FY24What the company earned in the year, before its costs.
Profit
FY25
₹373 Cr
+20.7%on FY24What was left after every cost and tax was paid.
Net worth
FY25
₹3,803 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- Incred Holdings
- ISIN
- INE732W01014
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- ₹147.51
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About Incred Holdings
InCred Holdings is the holding company of the InCred lending business. Almost all of its revenue comes from its subsidiary InCred Financial Services, an NBFC that makes personal loans, student loans for study abroad, secured business loans, MSME loans and loans to financial institutions; the holding company itself is a SEBI-registered merchant banker and manages an alternative investment fund. Its promoters are founder Bhupinder Singh and B Singh Holdings Limited, and KKR is the largest outside shareholder.
Written from: sebi.gov.in
Listing status. Updated Draft Red Herring Prospectus-I dated 6 May 2026 filed with SEBI for an IPO on BSE and NSE: fresh issue of up to ₹1,250 crore plus an offer for sale of up to 99,020,833 shares. No listing found as of 6 October 2026. SEBI: InCred Holdings Limited draft abridged prospectus (summary of the Updated DRHP-I dated 6 May 2026)
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE732W01014
- Registered and corporate office
- Mumbai, Maharashtra (Bandra Kurla Complex)
- Promoters
- Bhupinder Singh and B Singh Holdings Limited
- Key people
- Chairman, Whole-time Director and CEO: Bhupinder Singh; Whole-time Director and CFO: Gaurav Maheshwari
- Face value per share
- ₹10
- CIN
- U67190MH2011PLC211738
- Website
- incredholdings.com
Read from: SEBI: InCred Holdings Limited draft abridged prospectus (summary of the Updated DRHP-I dated 6 May 2026), unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Price to earnings (P/E)calculated
25.4×
At this price you pay ₹25.4 for every ₹1 of profit the company made in the year.
Price to book (P/B)calculated
2.51×
At this price you pay ₹2.51 for every ₹1 of net worth on the company's books.
Return on equitycalculated
9.8%
For every ₹100 of the owners' money, the company made ₹9.8 of profit in the year.
Debt to equitycalculated
2.2×
The company has borrowed ₹2.2 for every ₹1 of its owners' money.
Lenders and finance companies normally borrow far more than other businesses.
- Indicative price
- ₹147.51
- EPS
- ₹5.81
- Book value per share
- ₹58.74
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2024-25. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
InCred Holdings Limited. As published in the company's audited reports. GrowFast has not audited them.
Income, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY25: ₹881 Cr to ₹1,894 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY25: ₹109 Cr to ₹373 Cr.
| Particulars | FY23 | FY24 | FY25Latest |
|---|---|---|---|
| Total income | 880.71 | 1,296.13 | 1,893.77▲46% |
| EBITDA (as defined in the offer document) | 560.25 | 871.5 | 1,152.89▲32% |
| Profit for the year | 109.06 | 309.04 | 373.15▲21% |
| Basic earnings per share (₹) | 1.85 | 5.07 | 5.81▲15% |
Rupees crore unless marked, consolidated (restated). The change shown is the latest year against the year before. Read from: SEBI: InCred Holdings Limited draft abridged prospectus (summary of the Updated DRHP-I dated 6 May 2026).
Ownership
Shareholding pattern
Who owns the company
As of 6 May 2026 (pre-offer, fully diluted)
15.8%Promoter: B Singh Holdings Limited
- Largest holder
- 15.8%
- Top 3 together
- 37.4%
- Holders named
- 12
- Promoter: B Singh Holdings Limited15.84%
- KKR India Financial Investments Pte. Ltd.12.98%
- MNI Ventures8.60%
- Promoter group: NAAB Securities Pte Ltd3.85%
- V'Ocean Investments Ltd2.89%
- Moore Strategic Ventures, LLC1.88%
- Total53.26%
Leadership
Management
Bhupinder Singh
Chairman, Whole-time Director and Chief Executive Officer
Gaurav Maheshwari
Whole-time Director and Chief Financial Officer
Vivekanand P S
Non-Executive Director
Rupa Rajul Vora
Independent Director
Karnam Sekar
Independent Director
Saurabh Kant Singh
Independent Director
Ambika Bisla
Independent Director
Nikita Deepak Shetty
Company Secretary and Compliance Officer
Corporate calendar
Events
- 6 May 2026DRHP filingUpdated draft red herring prospectus filed with SEBI for an IPO of up to ₹1,250 crore of new shares plus an offer for saleOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about Incred Holdings on WhatsAppIs the price shown for Incred Holdings final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my Incred Holdings shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell Incred Holdings shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Similar stocks
More in Financial Services
Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by Incred Holdings. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.