India, May 11 -- Fintech unicorn InCred Holdings has filed its updated draft red herring prospectus (UDRHP) with the SEBI for an IPO that is proposed to comprise a fresh issue of shares worth up to Rs.1,250 Cr and an offer for sale (OFS) of up to 9.9 Cr equity shares.

The IPO will allow partial exits for investors such as KKR (KKR India Financial Investments), MNI Ventures, Ranjan Pai's MEMG Family Office, V'Ocean Investments, Moore Strategic Ventures, among others.

Global investment firm KKR, which is one of the largest shareholders in InCred, intends to sell the highest number of up to 4 Cr shares via the IPO.

MNI Ventures, a subsidiary of the Manipal Education & Medical Group (MEMG), as well as MEMG Family Office will be selling up ...