Incred Holdings Limited

filed drhp

Source: SEBI

Issue price

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Issue size

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Fresh issue

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Offer for sale

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Risk factors

From the prospectus, ordered by severity. Wording is close to the filing — not softened.

Heavy reliance on InCred Financial Services Limited
Any significant reduction in IFSL's contribution to consolidated revenue could have a material adverse impact on business.
Financial · high
Concentration in personal loans
Any adverse impact in the demand of our personal loans portfolio could have a material adverse impact on our business.
Market · high
Rising NPAs
Rising NPAs may adversely impact financial performance.
Credit · medium
Decline in collection efficiency
Decline in collection efficiency may affect profitability.
Operational · medium
High proportion of unsecured loans
High proportion of unsecured loans increases credit risk.
Credit · medium
U.S. concentration in student loans
U.S. concentration in student loans can affect business growth.
Market · medium
Ongoing legal proceedings
Ongoing legal proceedings may materially impact business.
Legal · medium
Negative operating cash flows
Persistent negative operating cash flows may affect liquidity.
Financial · medium
Auditor observations
Auditor observations may harm reputation and financial position.
Reputation · medium
Related party transactions
Related party transactions may adversely affect financial condition.
Financial · medium

What the business leans on, as the filing describes it.