India, Sept. 15 -- InCred Holdings, the parent of fintech unicorn InCred Financial Services, has sought the approval of its shareholders during its extraordinary general meeting, scheduled on October 1, to raise up to INR 1,500 Cr via a fresh issue of shares in its proposed IPO.

According to the company's resolution, InCred may undertake a pre-IPO placement of up to INR 300 Cr.

The IPO will comprise a fresh issue of shares as well as an offer for sale.

The company may file its DRHP via the confidential route to get its shares listed on the BSE and the NSE.

Founded in 2011 by Bhupinder Singh, InCred Group operates three separate verticals - lending vertical InCred Finance, institutional wealth and asset management arm InCred Capital, a...