Fibe Plans ₹1,000-1,500 Crore IPO, Targets US$1 Billion Valuation

Fibe, a growing online lending platform backed by private equity (PG), is preparing to raise ₹1,000-1,500 crore through an initial public offering (IPO). The company aims to get a valuation of over US$1 billion in its upcoming public listing, expected by mid to late 2026.

When To Expect Fibe IPO? 

According to news reports, Fibe is currently pitching to bankers and plans to finalise appointments by the end of this quarter. If all goes as planned, Fibe will join the list of mid-sized fintech companies making their debut in the stock markets despite uncertain market conditions.

Fibe Business Performance

Fibe’s progress in recent years has been impressive. It has grown well and is profitable, which supports its valuation ambitions. Social Worth Technologies Pvt Ltd, which operates Fibe, doubled its revenue to ₹839.26 crore in FY24. Profit jumped to ₹107.25 crore from ₹36.33 crore in FY23. Its rapid growth and strong fundamentals are attracting investor interest.

Recent Fundraising and Expansion Plans

Earlier this week, Fibe’s NBFC arm, EarlySalary Services Pvt Ltd, raised ₹225 crore in debt funding from financial institutions, including Franklin Templeton. This capital will help Fibe strengthen its lending operations and innovate new products for young, tech-savvy salaried individuals.

Last year, Fibe raised US$90 million from investors like TPG Rise Fund, Norwest Venture Partners, and Chiratae Ventures, valuing the company at around US$600 million. So far, Fibe has raised about US$228 million.

Diversified Product Offerings

Started in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe began with salary advances and has since expanded to cover healthcare, education, insurance financing, solar rooftop loans, mutual fund loans, and digital fixed deposits. It also launched a co-branded credit card last year and is working on its own UPI payment app to compete with giants like PhonePe and Google Pay.

Growing Reach and Impact

Fibe has expanded to 350 cities and disbursed over 6 million loans worth more than ₹20,000 crore since inception. The company focuses on using technology and risk management to offer customers lower credit costs and tailor-made loan products.

Conclusion

With its planned IPO, Fibe aims to tap public markets to fuel further growth and expansion. For investors, this fintech firm offers an exciting opportunity. Those interested should consider opening a demat account to explore shares in upcoming fintech IPOs like Fibe.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

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