India, June 30 -- Lending tech startup Fibe (formerly EarlySalary) has filed its DRHP with SEBI for an IPO which will comprise a fresh issue of up to Rs.750 Cr and an offer-for-sale component of over 4 Cr shares.

The startup's IPO will offer a major liquidity event to its investors. TPG will be the largest selling shareholder in the IPO, offloading up to 1.17 Cr shares via its holding entity The Rise Fund III SF Pte Ltd.

Norwest Capital and Eight Road Ventures plan to offload up to 67.38 Lakh and 65.56 Lakh shares apiece, respectively. Piramal Finance, TR Capital, IDG Ventures, and Chiratae Ventures are among the other investors that would sell their shares via the IPO.

The company plans to use a large chunk of the proceeds from the fr...