What does InCred Prime Finance Limited do?

InCred Prime Finance Limited is an NBFC (Non-Banking Financial Company) incorporated in 2018 in Mumbai, operating as part of the InCred Group. The entity appears to focus on lending activities within the InCred Group's financial services ecosystem. The broader InCred Group offers education loans, personal loans, SME credit, and wealth management services.

Who are the promoters of InCred Prime Finance Limited?

InCred Prime Finance Limited is part of the InCred Group, founded by Bhupinder Singh, a former Deutsche Bank and Nomura executive. Bhupinder Singh is the primary promoter of the InCred Group, which includes this entity as one of its subsidiaries.

How is InCred Prime Finance related to InCred Holdings?

InCred Prime Finance Limited (CIN: U65921MH2018PLC310576) is a subsidiary entity within the InCred Group, which is headed by InCred Holdings Limited (CIN: U65990MH2016PLC285765). Both are registered in Maharashtra and form part of the same financial services group.

Is InCred Prime Finance planning an IPO?

There are no publicly known plans for a standalone IPO of InCred Prime Finance Limited as of mid-2025. The parent group, InCred Holdings, may pursue a consolidated listing at the group level in the future.

How do I buy InCred Prime Finance unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for InCred Prime Finance?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell InCred Prime Finance shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

InCred Prime Finance Unlisted Share Price | Buy InCred Prime Finance Pre-IPO Shares — wisefolio

Investment Thesis

InCred Prime Finance Limited is a subsidiary NBFC within the InCred Group, incorporated in 2018 in Mumbai. With very limited standalone public disclosures, its assessment is largely dependent on the parent group's performance. The InCred Group's institutional backing and experienced management provide a foundation for growth, but the entity's specific role and financial scale remain opaque for external investors.

Pros

InCred Prime Finance Limited is part of the broader InCred Group, benefiting from the group's established brand, technology infrastructure, and distribution network.
Incorporated in 2018, the entity was positioned to serve the premium or institutional lending segment within the InCred ecosystem, leveraging the group's credit underwriting expertise.
The InCred Group's backing by institutional investors including KKR provides the subsidiary access to capital at competitive terms.
Operates in Mumbai's financial district with access to India's largest pool of borrowers and institutional clients.

Cons

InCred Prime Finance Limited is a relatively newer and smaller entity within the InCred Group, making it harder to assess independently from the parent holding company.
Limited public information available on this specific subsidiary's standalone financials, business focus, or loan book size.
The current unlisted share price of ₹10 suggests the entity may be in an early or restructuring phase with limited secondary market activity.
As a subsidiary NBFC, it faces the same regulatory and credit risks as the parent group but with potentially less financial cushion.

Business Segments

NBFC Lending

Lending activities within the InCred Group's financial services framework, likely focused on retail or institutional credit

Revenue Model

Net interest income from SME and secured lending at spreads above cost of funds. Processing and service fees supplement NII.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

InCred Group's potential IPO could bring greater transparency and value to subsidiary entities

India's expanding credit market provides growth opportunity for NBFC lending subsidiaries

Group-level capital raises could benefit subsidiary funding and loan book growth

Industry Tailwinds

InCred Group's potential IPO could bring greater transparency and value to subsidiary entities

Recent Developments

Part of InCred Group Expansion

InCred Prime Finance operates within the InCred Group's expanding financial services portfolio, which has grown to include lending, wealth management, and investment banking verticals.

Comparable Companies

CompanyTypeTickerMkt Cap

Bajaj Finance LimitedPE: 30xxListedBAJFINANCE400000 Cr

Cholamandalam Investment and FinancePE: 28xxListedCHOLAFIN90000 Cr

Bajaj Finance LimitedListed

BAJFINANCE · 400000 Cr

PE: 30xx

Cholamandalam Investment and FinanceListed

Frequently Asked Questions

About InCred Prime Finance

InCred Prime Finance Limited is an NBFC (Non-Banking Financial Company) and a subsidiary of InCred Holdings Limited, focused on lending to SMEs and select consumer segments. As part of the InCred Group — founded by former Deutsche Bank MD Bhupinder Singh — InCred Prime Finance leverages the group's technology-led credit assessment framework to serve borrowers that are underserved by traditional banks. The company is registered under CIN U65921MH2018PLC310576 and operates within the InCred Group's three-entity financial services structure. InCred Prime Finance focuses on SME lending, loan against property, and select secured consumer finance products. It complements InCred Finance (the broader NBFC) and InCred Capital (institutional advisory) within the group's integrated financial services ecosystem. As an NBFC subsidiary of InCred Holdings, the company benefits from shared technology infrastructure, credit risk systems, and borrower assessment capabilities developed by InCred Group. The broader InCred Group had revenue of Rs 1,874 Cr and PAT of Rs 372 Cr in FY2025, demonstrating the group's overall strong performance.

Key Milestones

Incorporated in 2018 in Maharashtra as a subsidiary of the InCred Group

Registered as an NBFC with RBI to conduct lending activities

Common questions about unlisted shares

How do I buy InCred Prime Finance unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

InCred Prime Finance Limited

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