Fibe parent files draft papers with Sebi for IPO; aims to garner Rs 750-cr via fresh issue

Digital lending platform Fibe's parent company, Social Worth Technologies, is set to launch an Initial Public Offering (IPO). The company aims to raise funds through a fresh issue of shares and an offer-for-sale by existing shareholders. Proceeds will bolster its subsidiary's lending capital. Fibe, leveraging AI and data science, has seen significant growth in its assets under management and profits, expanding its product offerings beyond personal loans.