IPO Mania: Credila’s ₹5,000 Crore Leap Shakes Up Education Finance!

  • Credila Financial Services, a leading education loan provider, has filed its updated draft red herring prospectus (DRHP) with SEBI for a blockbuster ₹5,000 crore initial public offering (IPO).

  • The IPO will consist of a fresh issue of shares worth ₹3,000 crore and an offer for sale (OFS) of ₹2,000 crore by existing shareholders.

  • In the OFS, promoter entity Kopvoorn BV (an affiliate of EQT Private Capital Asia) will offload shares worth ₹950 crore, while HDFC Bank will sell shares valued at ₹1,050 crore.

  • The company is also eyeing a pre-IPO placement of up to ₹600 crore; if successful, this will reduce the fresh issue component accordingly.

  • Founded in 2006, Credila has emerged as India’s largest education-focused NBFC, with a loan book of ₹41,469 crore and a net profit of ₹990 crore for FY25.

  • The IPO aims to strengthen Credila’s capital base and fuel its ambitious expansion plans in the booming education finance sector.

  • This high-profile public issue comes after regulatory changes and a major ownership shift, with EQT and ChrysCapital acquiring a majority stake from HDFC Group in 2023.

  • With SEBI’s nod awaited, the market is abuzz as Credila gears up to make a splash on the bourses, promising fresh opportunities for investors and a new chapter in India’s education loan landscape.

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