#CredilaFinancialIPO #IPO #CredilaFinIPOSEBI #CredilaFinIPO5000cr #CredilaFinIPOSEBIUDRHP
Chandigarh: Credila Financial Services Limited, a prominent Indian non-banking financial company (NBFC) specializing in education financing, has officially filed its Draft Red Herring Prospectus (UDRHP-I) with the Securities and Exchange Board of India (SEBI), signaling its intent to launch an Initial Public Offering (IPO) to raise capital totaling up to ₹5,000 crore.
This upcoming public issue will consist of a fresh issuance of equity shares worth ₹3,000 crore, alongside an offer for sale (OFS) of shares valued at ₹2,000 crore, each with a face value of ₹10 per equity share. The Offer for Sale will involve two key shareholders: Kopvoorn B.V., the promoter selling shareholder, will offload shares worth up to ₹950 crore, while HDFC Bank Limited, listed as an “other selling shareholder,” plans to divest shares worth up to ₹1,050 crore.
Founded in 2006, Credila Financial Services Limited has established itself as a leading provider of specialized financial solutions tailored for students pursuing higher education, both in India and abroad. With a strong focus on education loans, the company has carved a unique niche in India’s financial services ecosystem and is widely regarded as a pioneer in the education loan NBFC segment.
Credila’s leadership position is underlined by its performance across multiple financial and operational metrics. According to an industry report, Credila is the largest education-focused NBFC in India, with Net Loans totaling ₹41,469 crore as of March 31, 2025. In the Financial Year 2025, the company recorded a restated net profit after tax of ₹990 crore, further solidifying its financial standing. Additionally, Credila reported the highest loan disbursements in the education loan NBFC segment, amounting to ₹14,089 crore in the Financial Year 2024.
Notably, the company has demonstrated remarkable growth. Between FY2024 and FY2025, Credila achieved a year-on-year growth rate of 47.67% in Net Loans, making it the second fastest-growing education-focused NBFC in India within this period. From a broader perspective, it has also been the fastest-growing player in its peer group, recording a compound annual growth rate (CAGR) of 64.96% in Net Loans between FY2023 and FY2025. Its assets under management (AUM) grew by 84.26% year-on-year between March 31, 2023, and March 31, 2024, reflecting a strong upward trajectory in its asset base and overall market share.
The company intends to deploy the net proceeds from the fresh issue primarily towards strengthening its capital base, thereby enhancing its capacity to meet future growth in loan demand and asset expansion. With increasing demand for higher education—both domestically and internationally—Credila is positioning itself to serve a growing segment of Indian students seeking quality education backed by accessible financing options.
In addition to the public issue, the company has stated that it may explore a Pre-IPO Placement of its securities. Subject to the discretion of Credila and in consultation with the book-running lead managers (BRLMs), a Pre-IPO Placement may be undertaken before filing the Red Herring Prospectus (RHP) with the Registrar of Companies (ROC). This placement could raise up to ₹600 crore, and any capital raised through this route would be deducted from the fresh issue size. However, the Pre-IPO Placement, if undertaken, will be structured to comply with Rule 19(2)(b) of the Securities Contracts (Regulation) Rules, 1957 (SCRR), and will not exceed 20% of the fresh issue portion.
The IPO is being managed by a consortium of leading financial institutions. The appointed Book Running Lead Managers (BRLMs) for the offering are:
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Axis Capital Limited
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Citigroup Global Markets India Private Limited
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Goldman Sachs (India) Securities Private Limited
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IIFL Capital Services Limited (formerly known as IIFL Securities Limited)
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Jefferies India Private Limited
This IPO will mark a significant milestone for Credila, transitioning it from a private company into a publicly listed enterprise with enhanced transparency, greater access to capital markets, and broader investor participation. The public offering is expected to not only bolster Credila’s financial capabilities but also reinforce its market leadership as India’s premier education-focused NBFC at a time when access to higher education and educational financing is more crucial than ever.
As the company awaits regulatory approvals and prepares for the next stages of its IPO journey, investors and stakeholders alike are closely watching what could become one of the key capital market events in India’s NBFC sector for 2025.
