Mumbai: Credila Financial Services Limited, India’s leading education-focused non-banking financial company (NBFC), has filed its UDRHP-I with SEBI to raise up to ₹5,000 crore through an initial public offering (IPO).
The proposed offering includes a fresh issue of ₹3,000 crore and an offer for sale (OFS) of equity shares worth ₹2,000 crore by existing shareholders, Kopvoorn B V and HDFC Bank Limited.
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Credila’s IPO marks a significant move in India’s education finance landscape. The OFS component comprises equity shares worth ₹950 crore from Kopvoorn B V and ₹1,050 crore from HDFC Bank. Each share has a face value of ₹10.
Credila Financial Services Positioned as India’s Largest Education-Focused NBFC
Founded in 2006, Credila Financial Services is positioned as India’s largest education-focused NBFC, with Net Loans of ₹41,469 crore as of March 31, 2025. The company posted a restated net profit of ₹990 crore in FY25 and the highest education loan disbursements of ₹14,089 crore in FY24 among its peers.
Credila is the fastest-growing NBFC in the Indian education loan sector, with a CAGR of 64.96% in Net Loans between FY23 and FY25 and 84.26% YoY growth in AUM from FY23 to FY24, according to industry data.
The net proceeds from the fresh issue will be used to augment the company’s capital base to support future growth in business and assets.
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The company has also proposed a Pre-IPO placement of up to ₹600 crore, which may be executed in consultation with its book running lead managers (BRLMs) – Axis Capital, Citigroup Global Markets India, Goldman Sachs (India) Securities, IIFL Capital Services, and Jefferies India. Any funds raised through the pre-IPO route will proportionally reduce the size of the fresh issue.
Credila Financial Services proposed listing comes amid rising demand for education financing, particularly for students pursuing higher education overseas.
The Credila Financial Services IPO aims to support the company’s ambitions of scaling operations and meeting the increasing demand for structured education finance.
