India, Sept. 15 -- Markets regulator SEBI has greenlit the proposed IPO of lending tech startup Fibe, formerly known as EarlySalary.

According to SEBI's latest processing status, the regulator issued its final observation on the offer documents of Fibe parent Social Worth Technologies Ltd today.

In SEBI parlance, the issuance of final observations signals the regulator's go-ahead for a company to proceed with its public issue.

Fibe filed its DRHP in June this year. As per the draft documents, its public issue will comprise a fresh issue of shares worth up to Rs.750 Cr and an offer-for-sale (OFS) component of more than 4 Cr equity shares.

The IPO will provide a major liquidity event to the startup's investors. TPG will be the largest s...