InCred Holdings Unlisted Shares: Pre IPO Investment Opportunity
26 June 2025 · Sachin Gadekar
Discover everything about InCred Holdings Limited’s unlisted shares, financial performance, shareholding pattern, and IPO prospects before the public listing—only on Ultra.
About InCred Holdings Limited
InCred Holdings Limited is a fast-growing Indian financial services firm, known for its innovative lending, wealth management, and investment offerings. The company operates multiple business verticals, including InCred Finance, InCred Money, and InCred Capital.
With a focus on technology-driven financial solutions, InCred caters to retail and institutional clients, offering personal loans, SME loans, wealth management products, and investment advisory.
As of now, InCred Holdings' unlisted shares are available for pre IPO investment — providing early-mover advantage for investors on platforms like Ultra.
InCred Holdings Pre IPO Share Price & Fundamentals
| Metric | Value |
|---|---|
| Current Unlisted Share Price | ₹178 |
| Market Capitalization | ₹10,595 Cr |
| Face Value | ₹10 |
| Book Value | ₹42.81 |
| Price to Book (P/B) Ratio | 4.16 |
| P/E Ratio | 97.27 |
| Earnings Per Share (EPS) | ₹1.83 |
| Return on Equity (ROE) | 4.28% |
| Debt to Equity Ratio | 1.52 |
| ISIN | INE732W01014 |
Profit & Loss Statement (in ₹ Crores)
| Year | Interest Earned | Interest Expended | Other Income | Operating Expenses | PAT | EPS |
|---|---|---|---|---|---|---|
| 2022 | 473 | 219 | 51 | 215 | 31 | 1.61 |
| 2023 | 823 | 356 | 58 | 298 | 109 | 1.83 |
Balance Sheet Highlights
| Metric | 2022 | 2023 |
|---|---|---|
| Advances (₹ Cr) | 3,732 | 5,405 |
| Book Value | 57.83 | 42.81 |
| ROE (%) | 2.78% | 4.28% |
| Gross/Net NPA | 0% | 0% |
Promoters & Key Management Team
| Name | Designation |
|---|---|
| Bhupinder Singh | Whole-Time Director & CEO |
| Vivek Bansal | Chief Financial Officer |
| Anil Nagu | Non-Executive Director |
| Vivek Anand PS | Non-Executive Director |
Why Invest in InCred Holdings Unlisted Shares via Ultra?
Early access before IPO gains
Strong institutional backing (KKR, ADIA, etc.)
Diversified business model: Lending, Wealth, and Capital
Growing revenue and low NPA ratios
Visionary leadership with global experience
FAQs About InCred Holdings Unlisted Shares
Q1: What is the current pre IPO price of InCred Holdings Limited?
As of now, InCred’s unlisted share price is approximately ₹178 per share.
Q2: Where can I buy InCred pre IPO shares?
You can buy verified unlisted shares of InCred Holdings via trusted platforms like Ultra.
Q3: Is InCred Holdings a profitable company?
Yes, InCred turned highly profitable in FY23 with ₹109 crore PAT and has shown consistent improvements.
Q4: When is InCred Holdings IPO expected?
The official IPO date is not announced yet, but it’s expected around FY25.
Q5: Who owns InCred Holdings?
KKR India holds a 99.33% stake in the company, followed by a small minority stake held by others.
Conclusion: Should You Invest?
InCred Holdings Limited presents a compelling pre IPO investment opportunity for those looking to enter India’s high-growth fintech and lending space. With stellar backing, zero NPAs, and expanding verticals like InCred Finance and InCred Money, the company is poised for a strong IPO. Investing early through platforms like Ultra allows you to gain exposure before institutional demand pushes up valuations post-listing.
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