Fibe parent files draft papers with Sebi for IPO

Social Worth Technologies Ltd, the parent company of digital lending platform Fibe, has filed draft papers with capital markets regulator Sebi to raise funds through an initial public offering (IPO). The proposed IPO comprises a fresh issue of equity shares worth up to Rs 750 crore and an offer for sale (OFS) of over 4 crore equity shares by existing shareholders, according to the draft red herring prospectus (DRHP) filed on Monday. According to the draft papers, the proceeds from the fresh issu