Upcoming IPO: Credila I Files Draft Paper with SEBI to Raise ₹5,000 Crore

Credila Financial Services, one of India's rapidly growing education loan providers, has officially initiated the IPO process to raise ₹5,000 crore. It has filed a UDRHP-I with SEBI. With its filing of the draft papers with SEBI, the company is preparing for both a fresh issue and an offer for sale, aimed at scaling growth and strengthening its capital base.

Credila IPO Structure and Components

Credila IPO update: The planned initial public offering (IPO) will comprise a combination of a ₹3,000 crore fresh issue and ₹2,000 crore under offer for sale. The face value of each share will be ₹10. Prominent shareholders HDFC Bank and Kopvoorn B.V. will offload shares worth ₹1,050 crore and ₹950 crore, respectively, through the offer for sale component.

Use of IPO Proceeds

The company intends to utilise the net proceeds from the fresh issue to bolster its capital base. This infusion is expected to support the company’s anticipated growth in business and assets, particularly as the demand for education financing continues to surge both for domestic and international higher education pursuits.

Pre-IPO Placement Option

Credila may consider a pre-IPO placement of up to ₹600 crore before the official filing of the Red Herring Prospectus. Any amount raised in this offer will proportionally reduce the fresh issue component of the IPO. This strategic fundraising option is subject to prevailing SEBI and SCRR rules.

Read More: Pine Labs IPO: Files Draft Papers with SEBI for ₹2,600 Crore Offering!

Market Leadership and Business Growth

Credila Financial Services has established itself as a market leader in the education-focused NBFC space in India. As of March 31, 2025, the company reported net loans of ₹41,469 crore and disbursements of ₹14,089 crore for FY 2024. A restated net profit of ₹990 crore for FY 2025 further demonstrates its profitability. It also recorded a 64.96% CAGR in net loans between FY 2023 and FY 2025.

IPO Lead Managers and Timeline

Axis Capital, Citigroup Global Markets India, Goldman Sachs India Securities, IIFL Capital Services, and Jefferies India are the book-running lead managers for the IPO. The offering is awaiting SEBI review, following which the final IPO timeline will be confirmed, including pricing, lot size, and listing date.

Conclusion

Credila’s ₹5,000 crore IPO filing signifies a major step toward strengthening its position in India’s education financing landscape. With robust year-on-year loan growth, proven profitability, and backing from significant financial institutions, the IPO could mark a transformative chapter for the company as it seeks to capitalise on rising demand for student loans.

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