Fibe gets Sebi approval for Rs 750 crore IPO
SEBI has granted approval for Fibe’s initial public offering, targeting a raise of Rs 750 crore. Major investors such as TPG’s The Rise Fund and Norwest Venture Partners will sell shares as part of the public issue.
- ✓SEBI has granted approval for Fibe’s initial public offering, targeting a raise of Rs 750 crore.
- ✓The total size of the issue is set at Rs 750 crore, reflecting the aggregate value of shares to be sold.
- ✓Major investors such as TPG’s The Rise Fund and Norwest Venture Partners will sell shares as part of the public issue.
Fibe announced that the Securities and Exchange Board of India (SEBI) has cleared its draft red‑herring prospectus, paving the way for a Rs 750 crore initial public offering. The approval enables the company to list its shares on the stock exchange and invite public subscription.
The prospectus indicates that several of Fibe’s early backers – including TPG’s The Rise Fund, Norwest Venture Partners, Chiratae Ventures, Piramal Finance and Eight Roads Ventures – will divest portions of their holdings in the offering. The total size of the issue is set at Rs 750 crore, reflecting the aggregate value of shares to be sold.
The move marks a significant step for Fibe as it transitions from private funding to a publicly traded entity, offering existing shareholders an exit route and opening ownership to a broader investor base. The participation of prominent venture capital firms underscores confidence in the company’s growth prospects and could attract further interest from institutional and retail investors.
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| Issuing Authority | ET Tech & Digital India |
|---|---|
| Topic Category | BUSINESS |
| Jurisdiction | All India / National |
| Publication Date | 15 September 2026 |