Fibe’s Digital Lending Platform IPO Plans to Raise Rs 750 Crore

The digital lending platform Fibe has recently submitted its Draft Red Herring Prospectus (DRHP) to SEBI, aiming to secure Rs 750 crore via a new issue in its initial public offering (IPO). Before the public offering, the company showcased a 31% year-on-year rise in operating revenue, amounting to Rs 1,601 crore for the fiscal year concluding in March 2026, with net profit more than doubling to Rs 257 crore.

Fibe’s operational revenue climbed to Rs 1,585 crore in FY26, up from Rs 1,209 crore in FY25, as detailed in its DRHP submitted to SEBI.

About Fibe

Founded in 2015 by Akshay Mehrotra and Ashish Goyal, Fibe is a digital lending platform providing personal loans, long-term loans, loans against mutual funds, and fixed deposits in sectors such as healthcare, education, and solar rooftop installations. The company asserts it has facilitated over 9.8 million loans, with total disbursements surpassing Rs 48,000 crore.

Revenue Sources

Interest on loans has remained the predominant source of revenue for Fibe, accounting for approximately 65% of its operating income. Earnings from this segment increased by more than 33% year-on-year, reaching Rs 1,023 crore in FY26, while fee and commission income was recorded at Rs 393.5 crore. Additionally, revenue from guarantee premiums, which are earned for providing default protection to lending partners, surged by 40% year-on-year to Rs 146 crore in FY26. The rest of the operating income stemmed from marketing and other sources.

Financial Highlights

Fibe also generated around Rs 17 crore from non-operational sources such as interest income and gains from the sale of current investments, which increased its total income to Rs 1,601 crore for the past fiscal year.

The consumer lending company reported an impairment on financial instruments amounting to Rs 420 crore in FY26. This figure included Rs 203 crore allocated for loan write-offs and Rs 135 crore for losses associated with settled guarantees. Finance costs escalated by over 48% to Rs 288 crore.

Employee benefit expenditures, which represented more than 12% of Fibe’s total costs, rose by 33% year-on-year to Rs 148 crore in FY26, incorporating Rs 8.4 crore in employee stock ownership plan (ESOP) costs. Advertising and promotional costs, another significant expenditure, reached Rs 133 crore during the fiscal year.

Commission payouts to sales agents, legal and professional fees, travel expenses, and other administrative costs contributed to Fibe’s total spending, which amounted to Rs 1,215 crore in FY26, up from Rs 1,068 crore in the prior fiscal year.

Based in Pune, the firm significantly increased its net profit to Rs 257 crore in FY26 from Rs 114 crore in the previous fiscal period, as revenue growth outstripped the increase in expenses. On a per-unit basis, Fibe spent Rs 0.77 to generate every rupee of operating revenue. As of March 31, 2026, the company held current assets worth Rs 4,837 crore, including cash and bank balances totalling Rs 490 crore.