Whalesbook
So, bhaiyo, InCred Holdings ka IPO aa raha hai, target hai 12.5 billion rupees ka. Isme company naye shares bhi laa rahi hai aur jo purane shareholders hain, woh bhi kuch stake sell karenge. Deal ye hai ki market abhi bahut volatile chal rahi hai. Agar FPIs ki baat karein, toh April mein hi unhone ₹60,847 crore Indian stocks se nikaal liye hain. Aur iss saal toh total ₹1.92 trillion already bahar jaa chuke hain, jo pichle saal se bhi zyada hai. Financial services sector se bhi ₹30,856 crore out hue hain April mein. Global investors thoda risk kam lena chahte hain.
Lekin, InCred ke khud ke numbers kaafi zabardast hain. Unki subsidiary, InCred Financial Services, jo ek NBFC company hai, usne FY25 (March 2025 tak) mein ₹373 crore ka profit after tax report kiya hai. Yeh pichle saal ke compare mein lagbhag 21% zyada hai. Aur unka loan book bhi 37% badhkar ₹12,384 crore ho gaya hai March 2025 tak. Yeh company personal, student aur business loans deti hai, aur jabse 2016 mein start hui hai, tab se ₹25,000 crore se zyada fund disburse kar chuki hai. IPO se mile paison ko yeh log apne lending business ko aur strong karne aur aage business badhane mein use karenge.
NBFC sector toh India ke primary market mein bahot bada player hai. 2025 mein hi 24 NBFC IPOs ne ₹635 billion raise kiye the. InCred ka Price-to-Book (P/B) ratio 2.69 aur P/E ratio 28.32 hai FY25 ke liye. Yeh figures quality NBFCs ke liye normal range (2x-4x P/B) mein hi aate hain. Agar competitors ki baat karein, toh Bajaj Finance ka P/E 30.19 hai, jabki Jio Financial Services ka P/E kaafi high, 131.48 hai. Haan, RBI ne 2025-2026 mein NBFCs ke liye kuch naye rules laye hain compliance aur stability ke liye.
Ab risks ki baat karte hain. Sabse bada risk toh wahi current market sentiment hai. Agar FPIs paisa nikaalte rahe aur general caution raha, toh naye IPOs ke liye demand kam ho sakti hai, especially financial sector mein. InCred ka business debt par kafi depend karta hai, toh liquidity tight hone par pressure aa sakta hai. Regulatory changes ko bhi manage karna hoga. Plus, company abhi relatively young hai, isliye lambe market downturn mein kaise perform karegi, yeh abhi test hona baaki hai.
So, InCred Holdings ka IPO future growth ke liye capital secure karne ka ek bada move hai. Investors ab dekhenge ki company market ke itne challenges ke bawajood kaise apna growth path dikhati hai aur kitni resilient rehti hai. Iss IPO ki success India ke fintech NBFCs segment par investor confidence ko bhi reflect karegi, jisme company ke business model, financial results aur prevailing market uncertainties ke beech balance banana hoga.