Social Worth Technologies IPO

Financial Services Mainboard

IPO Details

Bidding Dates

To be announced

Minimum Investment

To be announced

Price Range

To be announced

Maximum Investment

To be announced

Retail Discount

To be announced

Issue Size

To be announced

Investor category and sub category

Retail Individual Investors (RII) | Non-institutional Investors (NII) | Qualified Institutional Buyers (QIB)

About Social Worth Technologies IPO

Social Worth Technologies IPO is a book-built issue. The IPO comprises a fresh issue of ₹750 crore, and an OFS of 4,00,71,200 equity shares. Key IPO details, including the IPO dates, price band and lot size, are yet to be announced.

Kotak Mahindra Capital Limited is the book-running lead manager to the issue, while MUFG Intime India Private Limited is the registrar.

Industry Outlook

India’s nominal GDP is projected to grow at a 9.5% CAGR between CY25 and CY30, while the credit-to-GDP ratio rose from 93.7% in CY19 to 97.4% in CY25, indicating continued financial deepening.

Middle-income households are expected to increase from 173 million in FY26 to 208 million by FY31P. Rising incomes, formal employment, and higher discretionary spending could support demand for retail credit.

Retail loan disbursements increased from ₹31.5 trillion in FY20 to ₹60.7 trillion in FY26. Personal loan disbursements grew at a faster 20.1% CAGR to ₹11.4 trillion and are projected to reach ₹22.9–24.9 trillion by FY31P.

Fintech-led personal lending has expanded rapidly, with outstanding value growing at a 41.4% CAGR between FY20 and FY26. Fintech NBFCs accounted for 76.7% of personal loan origination volumes in FY26, compared with 54.0% in FY20.

Education, healthcare, health insurance, and consumer durable financing are projected to grow steadily through FY31P, supporting the expansion of point-of-sale and checkout-based lending.

India’s digital public infrastructure, including UPI, e-KYC, DigiLocker, Account Aggregator and ULI, is making digital onboarding and credit assessment faster. UPI transactions grew from 12.5 billion in FY20 to 241.6 billion in FY26.

The company plans to utilise the net proceeds from the IPO for the following purposes:

Capital Infusion in ESPL: ₹562.60 crore from the fresh issue is proposed to be infused into EarlySalary Services Private Limited (ESPL), the group’s RBI-registered NBFC, to support loan growth and maintain regulatory capital requirements. The company plans to deploy ₹400 crore in FY27 and ₹162.60 crore in FY28.

General Corporate Purposes: The remaining net proceeds will be used for business development, strengthening distribution and digital networks, advertising and brand-building activities, and general administrative expenses.

Social Worth Technologies Limited operates a digital lending business through its wholly owned material subsidiary, EarlySalary Services Private Limited (ESPL), an RBI-registered NBFC. The company follows a hybrid lending model, combining on-balance sheet lending through ESPL with off-balance sheet financing through co-lending partnerships with financial institutions.

The company primarily serves young, middle-income, digitally active consumers in India through 2 key segments.

Personal Loans (PL) cater to immediate consumption needs and accounted for ₹66,567.62 million, or 77.38% of total AUM as of March 31, 2026.

Purpose-Driven Financing (PDF), launched in 2021, provides checkout-based financing for education, healthcare, health insurance premiums, rooftop solar and travel. This segment accounted for ₹19,459.77 million, or 22.62% of total AUM.

Social Worth Technologies focuses on customers with a median age of 31 years and an average monthly income of ₹37,083.07. Personal loans had an average ticket size of ₹86,547.12 and an average tenure of 16 months, while purpose-driven financing had an average ticket size of ₹55,158.22 and an average tenure of 13 months.

The company’s total AUM grew at a 45.49% CAGR from ₹40,641.54 million in FY24 to ₹86,027.39 million in FY26.

Technology is central to its lending and risk-management processes. In FY26, 95% of loans were processed through automated decisioning based on proprietary credit models trained on more than 27,500 variables. Its technology ecosystem also includes Fibe GPT, Fibe Mind and Fibe Shield under the Fibe Sense initiative.

The company’s Fibe CARE and collections platform supports automated collection workflows and helped maintain Gross Stage 3 Loans at 1.20%, with collection efficiency at 99.50% as of March 31, 2026.

Particulars	FY26	FY25	FY24
Revenue from Operations (₹ Lakh)	1,58,455	1,20,894	77,186
Growth in Revenue from Operations (%)	31.07%	56.63%	-
EBITDA (₹ Lakh)	64,778	35,709	26,589
EBITDA Margin (%)	40.88%	29.54%	34.45%
PAT (₹ Lakh)	25,747	11,373	10,125
PAT Margin (%)	16.25%	9.41%	13.12%
ROE (%)	13.23%	8.29%	10.28%
ROCE (%)	16.55%	14.57%	17.47%

Company Name	Face Value (₹)	EPS (Diluted) (₹)	NAV (₹)	Revenue from Operations (₹ Lakh)
Social Worth Technologies Limited	5	8.05	68.00	1,58,454
Bajaj Finance Limited	2	30.51	183.21	81,98,950
SBI Cards and Payment Services Limited	10	22.77	165.25	20,70,760

Diversified digital lending model: Offers personal loans and purpose-driven financing across education, healthcare, insurance, travel, rooftop solar and other consumption categories, supported by a growing merchant network.

Technology-led underwriting: Around 95% of loans were processed through automated credit decisioning in FY26, supported by proprietary technology and data-driven risk assessment.

High customer retention: Repeat borrowers contribute a sizeable share of the personal loan portfolio, helping the company generate repeat business through its existing customer base.

Growing scale and profitability: AUM grew at a 45.49% CAGR between FY24 and FY26, while restated PAT increased from ₹101.25 crore to ₹257.47 crore during the same period.

Improving credit profile: The company has increased its focus on higher-quality borrowers and improved asset-quality metrics, supported by automated underwriting and technology-enabled collections.

Expanding middle-income borrower base: Growth in India's middle-income population and rising formalisation can expand the addressable market for digital consumer credit.

Growth in purpose-driven financing: Education, healthcare, insurance and other checkout-financing categories offer opportunities to diversify beyond conventional personal loans.

Zero-CAC customer acquisition: Merchant partnerships and repeat borrowing can help the company acquire customers without direct acquisition spending, supporting scalability.

Digital lending adoption: Rising use of UPI, e-KYC, Account Aggregator and other digital infrastructure can support faster onboarding and credit assessment across Tier 2 and Tier 3 markets.

High unsecured loan exposure: Around 99.39% of the company’s on-book gross loans were unsecured as of March 31, 2026, exposing it to higher credit losses and lower recovery in case of borrower defaults.

Regulatory risks: ESPL operates as an RBI-registered NBFC and is subject to evolving regulations on digital lending, co-lending, default loss guarantees, recovery practices and data privacy. Changes in these rules could increase compliance costs or affect the company’s lending model.

Technology and cyber risks: The company relies heavily on automated credit decisioning, cloud infrastructure, and digital platforms. System failures, cyberattacks, data breaches, or errors in credit models could disrupt operations and affect asset quality.

Dependence on funding partners: A portion of AUM is managed through co-lending arrangements with institutional partners. Changes in partners’ lending criteria, withdrawal from lending pools or migration to competitors could affect loan origination and growth.

Interest rate and funding risks: ESPL relies on term loans, NCDs and commercial papers to fund lending activities. Changes in interest rates or asset-liability mismatches could affect borrowing costs and margins.

Intense competition: The company operates in a competitive digital lending market, facing both established NBFCs and fintech lenders. Competition could increase customer acquisition costs, put pressure on lending margins and affect growth.

Investor Category	Shares Offered
QIB Shares Offered	Not more than 50% of the Net Issue
Retail Shares Offered	Not less than 35% of the Net Offer
NII Shares Offered	Not less than 15% of the Net Offer

Social Worth Technologies IPO DRHP

Social Worth Technologies IPO Lead Managers

Kotak Mahindra Capital Limited

Registrar for Social Worth Technologies IPO

MUFG Intime India Private Limited

Contact Number: 022-49186000

Email Address: fibe.ipo@in.mpms.mufg.com

Social Worth Technologies IPO Registrar

Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.

Locate the IPO Section: Navigate to the 'IPO' section on the platform.

Select IPO: Find and select the Social Worth Technologies IPO from the list of open IPOs.

Enter the Lot Size: Specify the number of lots you want to bid for.

Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.

Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.

Steps to check IPO allotment status on Angel One’s app:

Go to the IPO Section and then to IPO Orders.

Select the individual IPO that you had applied for and check the allotment status.

Angel One will notify you of your IPO allotment status via push notification and email.

Registered Office: Unit No. 404 The Chambers Viman Nagar Pune, Maharashtra, 411014

Phone: 20 6763 9797

E-mail: cs.swtl@fibe.in

How to Apply in IPO
How to Check IPO Allotment Status

Select desired IPO & tap on "Apply"

Enter UPI ID, set quantity/price & submit

Accept mandate on the UPI app to complete the process

Social Worth Technologies IPO FAQs

What minimum lot size can retail investors subscribe to?

Key IPO details, including the IPO dates, price band and lot size, are yet to be announced.

When will the Social Worth Technologies IPO be allotted?

Key IPO details, including the IPO dates, price band and lot size, are yet to be announced.

How to increase your chances of getting a Social Worth Technologies IPO allotment?

1. Multiple Submissions: Use different Demat accounts to make multiple applications.

2. Higher Price Band Bidding: Opt for bidding at the cut-off price or higher price band.

3. Timely Subscription: Ensure you subscribe to the IPO within the specified time frame.

How do I approve the UPI mandate request for the Social Worth Technologies IPO?

You must complete the payment process by logging in to your UPI handle and approving the payment mandate.

Can I submit more than one application for the public issue of Social Worth Technologies Limited using one PAN?

You can submit only one application using your PAN card.

What is 'pre-apply' for Social Worth Technologies Limited IPO?

Pre-apply allows investors to apply for the Social Worth Technologies IPO two days before the subscription period opens, ensuring an early submission of your application.