Social Worth Technologies Limited which runs under the brand name Fibe, a digital, consumer financing platform focused on serving aspirational customers in India, has filed its Draft Red Herring Prospectus with SEBI for its proposed IPO.
Fibe, fulfils the diverse financing needs of its customers such as consumption, education, insurance and healthcare with affordable credit products that are delivered with speed. Technology is at the core of the organization, where AI, machine learning and data science are leveraged to drive efficiencies across its key functions, including customer onboarding, risk management, underwriting, operations, fraud management and collections.
By leveraging technology and developing a granular understanding of target customers, since 2021, the company expanded its product portfolio from personal loans (“PL”) to purpose-driven financing (“PDF”).
The offer comprises a fresh issue of equity shares aggregating up to ₹ 750 crore and an Offer for Sale (OFS) of up to 40,071,200 equity shares by the selling shareholders. The face value of each equity share is ₹5.
The company proposes to utilise the net proceeds towards funding investment in its Material Subsidiary, ESPL for augmenting its capital base, to meet its onward lending requirement; and General corporate purposes.
As a result of company’s tech-led operating model, including use of AI and ML across its operations, and the expansion of PDF vertical, its total assets under management has grown at a CAGR of 45.49% to ₹8,602.73 Crore as of March 31, 2026 from ₹4,064.15 Crore as of March 31, 2024. Company’s profit increased to ₹257.46 Crore during FY26 from ₹101.24 Crore for FY24.
Fibe, driven by innovation and proven by performance, offers PLs to customers sourced through organic channels, digital platforms, and distribution partners, enabling the company to source customers through multiple channels across geographies in India. The PL vertical constituted 77.38% of its Total AUM while its PDF vertical, built on a distribution merchant network that spans over 10,387 touchpoints across India, across multiple merchant categories, including universities, skill development platforms, insurance companies, national chain of hospitals, wellness centres and specialized service providers such as dental and dermatology clinics accounted for 22.62% of the Total AUM As of March 31, 2026. Its customer acquisition strategy spans digital channels, collaborations with distribution partners and merchant collaborations, and 53.31% of its new customers for FY26, were acquired at zero customer acquisition cost.
According to the 1Lattice Report, the company is among India’s top five digital consumer lenders in terms of AUM for FY25, operating a diversified, technology-enabled financing platform with nationwide reach across PLs and PDF, serving the country’s aspirational middle-income population, particularly young working professionals who have historically had limited access to formal credit as per 1Lattice report.
Incorporated in 2015 the company was founded by Akshay Mehrotra, MD and Group CEO and Ashish Sohan Goyal, Chairperson, ED and Group CFO. The company is backed by global investors including International Finance Corporation, TPG Inc. and Norwest.
The equity shares offered through the Red Herring Prospectus are proposed to be listed on BSE Limited (“BSE”) and the National Stock Exchange of India Limited (“NSE”) (collectively, the “Stock Exchanges”).
Kotak Mahindra Capital Company Limited, Axis Capital Limited, DAM Capital Advisors Limited and JM Financial Limited are the Book Running Lead Managers to the issue.