Social Worth Technologies Ltd, the parent company of digital lending platform Fibe, has filed draft papers with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).
The proposed IPO comprises a fresh issue of up to ₹750 crore worth of equity shares and an offer-for-sale (OFS) of more than 4 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP).
The company plans to utilise the proceeds from the fresh issue to invest in its material subsidiary, EarlySalary Services Pvt. Ltd (ESPL), to strengthen its capital base and support onward lending, with the remaining amount earmarked for general corporate purposes.
Company Details
Founded in 2015, Social Worth Technologies operates under the Fibe brand, offering digital lending products, including personal loans and purpose-driven financing for education, healthcare, insurance, and consumption needs. The company leverages artificial intelligence (AI), machine learning (ML) and data science across customer onboarding, underwriting, risk management, fraud detection, operations and collections.
Since expanding beyond personal loans into purpose-driven financing in 2021, the Pune-based fintech has significantly diversified its lending portfolio. Its assets under management (AUM) grew at a 45.5% CAGR to ₹8,603 crore as of 31 March 2026, from ₹4,064 crore two years earlier.
The company also reported a sharp improvement in profitability, with net profit rising to ₹257.46 crore in FY26 from ₹101.24 crore in FY24. As of 31 March 2026, personal loans accounted for 77.38% of total AUM, while purpose-driven financing contributed 22.62%.
Social Worth Technologies was founded by Akshay Mehrotra, Managing Director and Group CEO, and Ashish Sohan Goyal, Chairperson, Executive Director and Group CFO. The company counts International Finance Corporation (IFC), TPG Inc. and Norwest among its investors.
Kotak Mahindra Capital Company, Axis Capital, DAM Capital Advisors and JM Financial are the book-running lead managers to the issue.
Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not Mint. We advise investors to check with certified experts before making any investment decisions.
