Social Worth Technologies, which operates consumer financing platform Fibe, has received approval from the Securities and Exchange Board of India (SEBI) to proceed with its proposed initial public offering (IPO). According to CNBC TV18, the company received SEBI's final observations on September 15, following its draft IPO papers filed with SEBI in June 2026. The professionally managed company intends to raise ₹750 crore through a fresh issue of shares, while investors will sell more than 4 crore equity shares through an offer for sale (OFS). As per Inc42, the IPO will be undertaken by Social Worth Technologies Ltd and comprises a fresh issue of up to ₹750 crore and an offer for sale of up to 4.01 crore shares by existing investors.
The IPO will provide a major liquidity event to the startup's investors, with TPG being the largest selling shareholder through its investment entity The Rise Fund III SF Pte Ltd, offloading up to 1.17 crore shares. Norwest Capital and Eight Roads Ventures plan to sell up to 67.38 lakh and 65.56 lakh shares, respectively. Other investors including Piramal Finance, TR Capital, IDG Ventures, and Chiratae Ventures are also looking to pare their stakes through the OFS. The startup has raised close to $266 million to date, with Fibe having raised ₹257.46 crore in net profit in FY26, more than doubling from ₹101.24 crore in the previous fiscal year. According to Inc42, the OFS will involve the sale of shares by existing investors, with IPO dates, price band and other issue details yet to be announced.
According to CNBC TV18, the company plans to utilize ₹562.6 crore of the net fresh issue proceeds to augment the capital base of its subsidiary, EarlySalary Services Pvt Ltd, over the next two fiscal years to meet its onward lending requirements. The remaining funds will be used for general corporate purposes. Fibe, formerly known as EarlySalary, operates a digital consumer lending platform offering personal loans and purpose-driven financing solutions, also providing financing embedded at the point of purchase across segments such as education, insurance, healthcare, rooftop solar, travel, and ecommerce. The company has grown its assets under management at a compound annual growth rate of 45.49% to ₹8,603 crore as of March 31, 2026, from ₹4,064 crore as of March 31, 2024. The Pune-based company expanded its product portfolio from personal loans to purpose-driven financing in 2021, helping diversify its lending business.
As reported by CNBC TV18, Social Worth Technologies reported a profit of ₹257.46 crore in FY26, more than doubling from ₹101.24 crore in the previous fiscal. Net interest income rose 28.1% to ₹734.9 crore from ₹573.5 crore during the same period. The company recorded total assets under management of ₹8,603 crore as of March 31, 2026, growing at a compound annual growth rate of 45.49% from ₹4,064 crore in FY24. According to Inc42, the company has reported significant growth ahead of its proposed listing, with operating revenue rising 31% to ₹1,584.6 crore in FY26. As of March 31, 2026, personal loans accounted for 77.38% of the company's total AUM, while purpose-driven financing contributed 22.62%.
According to CNBC TV18, Fibe said technology forms the backbone of its operations, with artificial intelligence (AI), machine learning (ML) and data science deployed across customer onboarding, underwriting, risk management, fraud detection, operations and collections. The company, incorporated in 2015 as Social Worth Technologies Ltd, operates under the Fibe brand and is backed by multiple investors including International Finance Corporation, TPG Inc and Norwest. The Pune-based company, founded by Akshay Mehrotra, Managing Director and Group CEO, and Ashish Sohan Goyal, Chairperson, Executive Director and Group CFO, has expanded its product portfolio from personal loans to purpose-driven financing. The startup may also consider raising up to ₹150 crore through a pre-IPO placement before filing the red herring prospectus. Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial have been appointed as merchant bankers for managing the Social Worth Technologies IPO.
