SEBI Greenlights Lending Tech Startup Fibe’s ₹750 Cr+ IPO

by · Inc42

SUMMARY

  • SEBI issued its final observation on Fibe parent Social Worth Technologies’ IPO proposal today, clearing the way for the lending tech startup’s public listing.
    The regulatory clearance takes the profitable startup closer to listing and could provide a major liquidity event to investors such as TPG, Norwest Capital, and Eight Roads Ventures.
    The IPO comprises a fresh issue of shares worth up to ₹750 Cr and an OFS of more than 4 Cr shares, with Fibe planning to invest ₹562.6 Cr in its NBFC arm.