The Securities and Exchange Board of India (SEBI) has granted approval for the Initial Public Offering (IPO) of Credila Financial Services Ltd. on May 15, 2025. The company will now move forward with the next steps to launch the IPO, subject to prevailing market conditions and any additional regulatory approvals. The SEBI approval for this IPO is valid for 18 months.
The Credila Financial Services Ltd. IPO is structured as a Book Built Issue of ₹5,000 crore, comprising a fresh issue of ₹3,000 crore and an Offer for Sale (OFS) of ₹2,000 crore.
The company’s equity shares are proposed to be listed on both NSE and BSE. Axis Capital Ltd. will serve as the Book Running Lead Manager, while Kfin Technologies Ltd. will act as the Registrar of the Issue. Key details, including the IPO dates, price band, and lot size, are yet to be announced.
Credila Financial Services IPO Objectives
The company plans to use the net proceeds towards strengthening its capital base to meet its future capital requirements arising from the growth of its business and assets.
About Credila Financial Services Limited
Incorporated in 2006, Credila Financial Services Limited is a non-banking financial company (NBFC) specialising in education loans. The company primarily focuses on providing financial support to students pursuing higher education in India and abroad.
Formerly known as HDFC Credila Financial Services Ltd, Credila offers customised education loans with flexible repayment options, catering to students seeking assistance for both undergraduate and postgraduate programs.
Credila’s education loans are designed to cover a wide range of expenses, including tuition fees, living costs, travel, and other educational requirements. The loan amount is determined based on the student’s academic background, chosen university, and financial needs. Loans come with flexible repayment options, including a moratorium period during the course duration, and may require collateral or a co-applicant, depending on the loan amount and applicant profile.
Credila operates as a subsidiary of Housing Development Finance Corporation Limited (HDFC), leveraging its parent company’s deep expertise in financial services to facilitate efficient and reliable education financing.
Industry Outlook
- India’s overall education market is valued at approximately ₹19,186 billion in 2024 and is projected to grow at a CAGR of 11–13% between 2024 and 2029, driven by rising demand for higher education.
- The overseas education sector in India is growing rapidly, fueled by aspirations for better education, favourable immigration policies, improving living standards, and increasing opportunities for international students abroad.
- The Gross Enrolment Ratio (GER) for higher education in India presents significant room for improvement, supporting long-term market expansion.
- Indian students represent a substantial 26% of international students in leading education hubs such as the US, UK, Australia, and Canada, highlighting India’s prominence in global student mobility.
How To Apply for the Credila Financial Services IPO Online?
- Login to Your Angel One Account: Open the Angel One app or website and log in with your credentials.
- Locate the IPO Section: Navigate to the 'IPO' section on the platform.
- Select IPO: Find and select the Credila Financial Services IPO from the list of open IPOs.
- Enter the Lot Size: Specify the number of lots you want to bid for.
- Submit Your UPI ID: Enter your UPI ID to link your payment method and submit your application.
- Approve Funds: Once you receive the bid request on your UPI app, approve it by entering your UPI PIN.
How To Check the Allotment Status of Credila Financial Services IPO?
Steps to check IPO allotment status on Angel One’s app:
- Log in to the Angel One app.
- Go to the IPO Section and then to IPO Orders.
- Select the individual IPO that you had applied for and check the allotment status.
- Angel One will notify you of your IPO allotment status via push notification and email.
Contact Details of Credila Financial Services IPO
B - 301, Citi Point, Next to Kohinoor Continental, Andheri- Kurla Road, Andheri (East), Mumbai – 400 059, Maharashtra, India
Phone:+91 22 6996 9300
E-mail:investor.relation@credila.com
Credila Financial Services IPO Reservation
| Investor Category | Shares Offered |
| QIB Shares Offered | Not more than 50% of the Offer |
| Retail Shares Offered | Not less than 35% of the Offer |
| NII Shares Offered | Not less than 15% of the Offer |
Key Performance Indicators for Credila Financial Services IPO
| KPI | Value |
| ROE (%) | 14.41 |
| RoNW (%) | 14.41 |
| Debt/Equity | 4.47 |
Credila Financial Services IPO Registrar and Lead Managers
Credila Financial Services IPO Lead Managers
Axis Capital Ltd
Registrar for Credila Financial Services IPO
Kfin Technologies Ltd.
Contact Number: +91 40 6716 2222
Email Address:cfsl.ipo@kfintech.com
Financial Performance of Credila Financial Services Limited
| Particulars (Cr) | March 31, 2025 | March 31, 2024 | March 31, 2023 |
| Revenue from operations | 47,197.31 | 27,710.39 | 13,521.74 |
| Total income | 47,260.00 | 27,710.41 | 13,521.76 |
| Restated net profit after tax | 9,899.58 | 5,288.39 | 2,759.25 |
| Basic EPS (in ₹) | 47.80 | 33.83 | 20.56 |
| Diluted EPS (in ₹) | 47.69 | 33.81 | 20.47 |
| Net asset value per Equity Share | 397.39 | 281.49 | 164.76 |
| Total Borrowings | 3,88,690.14 | 2,60,328.27 | 1,36,552.21 |
Strengths and Opportunities of Credila Financial Services Limited
- Credila has an established presence in India’s large and growing education loan market, driven by the high priority Indian households place on education.
- It is India’s largest and longest-serving education-focused NBFC, with net loans totalling ₹414,693.07 million as of March 31, 2025.
- The company operates a pan-India, omni-channel, asset-light distribution network that includes agents, banks, financial institutions, and digital channels.
- Credila maintains a high-quality loan portfolio through specialised underwriting supported by proprietary data and risk-based pricing.
- It boasts a well-funded, diversified liability profile and adopts a conservative approach to asset-liability management to ensure liquidity and competitive funding costs.
- The company plans to grow its business by leveraging its expanding borrower base and exploring inorganic growth opportunities to strengthen its presence globally.
- Credila focuses on leveraging technology to automate and digitize processes, improve operational efficiency, and enhance customer experience while maintaining a strong capital and liquidity position.
Risks and Threats of Credila Financial Services Limited
- Credila relies heavily on distribution agents, banks, financial institutions, and direct channels for loan origination, and any disruption or inefficiency in these services could negatively impact its operations and financial health.
- Over half (51.54%) of Credila’s assets under management (AUM) are concentrated in higher education loans for the United States, exposing the company to geopolitical, macroeconomic, and visa-related risks in that jurisdiction.
- Significant portions of AUM are also focused on the United Kingdom (18.84%) and Canada (11.99%), subjecting Credila to geopolitical and macroeconomic risks in these countries.
- The company’s business depends on access to substantial capital and financing, and any disruption in the availability or cost of funding could adversely affect its financial condition.
- A large majority (81.12%) of Credila’s AUM is unsecured, increasing exposure to operational and credit risks.
- Changes in immigration and visa policies in key markets could reduce demand for overseas education loans, impacting Credila’s revenue streams.
- Fraud, negligence, or operational failures within its distribution network could harm Credila’s business performance and cash flows.
