IPO
Digital lender Fibe’s parent files papers to raise Rs.750-Cr in fresh issue
Pune-based Social Worth Technologies, the parent company of the digital lending platform Fibe , has filed draft papers with Sebi to raise funds through an initial public offering. The proposed transaction includes a fresh issue of equity shares worth up to INR 750 crore and an offer-for-sale of over INR 4 crore equity shares by existing shareholders.The company counts International Finance Corporation (IFC), TPG, and Norwest as investors. Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial are acting as the book-running lead managers to the issue.Founded in 2015 by Akshay Mehrotra and Ashish Sohan Goyal, the company offers digital credit products, including personal loans and purpose-driven financing for education, insurance, and healthcare. The firm intends to use the proceeds from the fresh issue to invest in its material subsidiary, ESPL and to augment its capital base for lending requirements.As of March 31, 2026, the company reported assets under management of INR 8,603 crore, with personal loans accounting for approximately 77% of this portfolio.
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