Lending Tech Startup Fibe Files For ₹750 Cr IPO

Lending tech startup Fibe (formerly EarlySalary) has filed its DRHP with SEBI for an IPO which will comprise a fresh issue of up to ₹750 Cr and an offer-for-sale component of over 4 Cr shares. 

The startup’s IPO will offer a major liquidity event to its investors. TPG will be the largest selling shareholder in the IPO, offloading up to 1.17 Cr shares via its holding entity The Rise Fund III SF Pte Ltd. 

Norwest Capital and Eight Road Ventures plan to offload up to 67.38 Lakh and 65.56 Lakh shares apiece, respectively. Piramal Finance, TR Capital, IDG Ventures, and Chiratae Ventures are among the other investors that would sell their shares via the IPO.

The company plans to use a large chunk of the proceeds from the fresh issue to fuel the operations of its NBFC EarlySalary Services Pvt Ltd. The company intends to invest ₹562.6 Cr in this subsidiary over the next two fiscal years.

The remainder of the proceeds would be utilised for general corporate purposes.

On the financial front, Fibe saw its net profit more than double to ₹257.5 Cr in FY26 from ₹113.7 Cr in the previous fiscal year. Operating revenue surged 31% to ₹1,584.6 Cr from ₹1,208.9 Cr in FY25.

(The story will be updated soon)

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