The IPO also includes an offer-for-sale (OFS) of over 4 crore equity shares by existing shareholders, according to the Draft Red Herring Prospectus (DRHP).
Proceeds from the fresh issue will be used to invest in its subsidiary, EarlySalary Services Pvt Ltd (ESPL), to augment its capital base and support onward lending requirements. A portion of the proceeds will also be used for general corporate purposes.
Social Worth Technologies received SEBI’s final observations on September 15. The company had filed its draft papers with the Securities and Exchange Board of India (SEBI) in June.
Receiving SEBI’s observations is a key step in the IPO process, after which a company can proceed with further preparations for its public issue, subject to applicable regulatory requirements.
Incorporated in 2015, Social Worth Technologies operates under the Fibe brand and offers digital credit products across personal loans and purpose-driven financing, catering to consumption, education, insurance and healthcare needs.
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 Pune-based company expanded its product portfolio from personal loans to purpose-driven financing in 2021, helping diversify its lending business.Its assets under management (AUM) grew at a compound annual growth rate (CAGR) of 45.49% to ₹8,603 crore as of March 31, 2026, from ₹4,064 crore as of March 31, 2024. Profit rose to ₹257.46 crore in FY26 from ₹101.24 crore in FY24.
As of March 31, 2026, personal loans accounted for 77.38% of the company’s total AUM, while purpose-driven financing contributed 22.62%.
Fibe was founded by Akshay Mehrotra, Managing Director and Group CEO, and Ashish Sohan Goyal, Chairperson, Executive Director and Group CFO. The company is backed by investors including International Finance Corporation, TPG Inc and Norwest.
Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial are the book-running lead managers to the issue.
