Fibe receives SEBI observations for IPO with Rs 750 crore fresh issue and 4.01 crore-share OFS
Digital consumer lender Fibe plans to use Rs 562.6 crore of fresh-issue proceeds to invest in EarlySalary Services, strengthening its lending capital. The company reported FY26 net profit of Rs 257.5 crore, operating revenue of Rs 1,584.6 crore and AUM of Rs 8,602.7 crore as of March 2026.
What happened
Indian digital consumer lender Fibe received SEBI observations for an IPO comprising a Rs 750 crore fresh issue and up to 4.01 crore OFS shares. Proceeds will
Key facts
- Fresh issue up to Rs 750 crore
- Offer for sale up to 4.01 crore shares
- Rs 562.6 crore planned investment in EarlySalary Services
- FY26 net profit Rs 257.5 crore
- AUM Rs 8,602.7 crore as of March 2026
What changed
Indian digital consumer lender Fibe received SEBI observations for an IPO comprising a Rs 750 crore fresh issue and up to 4.01 crore OFS shares. Proceeds will bolster lending capital, while FY26 profit more than doubled and AUM reached Rs 8,602.7 crore.
Why this matters
SEBI’s observations bring Fibe closer to a Rs 750 crore fresh-issue IPO, supported by FY26 profit of Rs 257.5 crore, Rs 1,584.6 crore revenue and Rs 8,602.7 crore AUM.
What to watch
- Updated RHP disclosures on GNPA, NNPA, credit costs, write-offs, ECL provisions and borrower concentration.
- Final fresh-issue allocation, especially the timing and structure of the Rs 562.6 crore investment in EarlySalary Services.
- IPO valuation, anchor-book participation, subscription mix and OFS seller behavior.
- AUM growth versus operating-revenue growth and net-interest-margin trends.
- Cost of borrowing, warehouse/debt availability and co-lending partner additions.