Indian fintech startup Mebigo Labs has initiated preparations for a $200 million initial public offering, appointing a consortium of investment banks to lead the process. The move signals the company's intent to expand its digital lending and financial services platform across South Asia.
- Mebigo Labs has initiated a $200 million IPO process.
- The company reported $1.4 billion in gross loan originations for FY2025.
- Net profit margin reached 21% after provisions in FY2025.
- IPO to include dual listings on NSE Mumbai and a Singapore exchange.
- Investment banking consortium engaged with regional tech IPO experience.
- Expected filing with regulators in early 2026.
Mebigo Labs, a Mumbai-based fintech firm specializing in digital credit solutions and financial inclusion, has engaged a group of investment banks to manage its upcoming $200 million initial public offering. The IPO, expected to be filed with regulatory authorities in early 2026, marks a pivotal step in the company's growth trajectory, aiming to strengthen its balance sheet and increase market visibility. The company, which has registered over 12 million active users across India and select Southeast Asian markets, has demonstrated strong user acquisition and loan disbursement performance. In the fiscal year ending March 2025, Mebigo Labs reported gross loan originations of $1.4 billion, with a net profit margin of 21% after provisions. These figures underscore its operational efficiency and growing traction in underserved retail lending segments. The IPO will be structured as a dual-listing strategy, with the primary listing on the National Stock Exchange (NSE) in Mumbai and a secondary listing anticipated on a regional exchange in Singapore. The investment banking consortium includes global firms with experience in emerging market tech IPOs, reflecting investor interest in high-growth fintech platforms in Asia. Market participants note that the $200 million target valuation places Mebigo Labs among the top-tier fintech IPOs in India over the past two years. The launch could attract institutional and retail investors seeking exposure to digital financial infrastructure in high-growth economies.