India’s largest education-focused NBFC, Credila Financial Services, has submitted its Updated Draft Red Herring Prospectus (UDRHP‑I) to the Securities and Exchange Board of India (SEBI) as it seeks to raise ₹5,000 crores via IPO. The company reported robust loan growth and profitability in FY2025, underscoring a strong debut ahead.
Credila Financial Services Ltd, India’s largest non-banking financial company (NBFC) specializing in education loans, has filed its Updated Draft Red Herring Prospectus (UDRHP‑I) with the SEBI, aiming to raise ₹5,000 crores through an initial public offering.
Founded in 2006, Credila has become the country’s fastest‑growing education NBFC, achieving a 47.67% year-on-year growth in Net Loans in FY2025—the second fastest among its peers. As of March 31, 2025, the firm held ₹41,469 crores in Net Loans, posted a net profit after tax of ₹990 crores for FY2025, and recorded disbursements of ₹14,089 crores in the previous financial year.
With a two-year Compound Annual Growth Rate (CAGR) of around 64.96% in Net Loans and an 84.26% annual jump in assets under management (AUM), Credila has solidified its position as India’s education finance leader.
The proposed ₹5,000 crore IPO will comprise a fresh issue of equity shares worth up to ₹3,000 crores and an offer for sale totaling ₹2,000 crores. The sale shares include up to ₹950 crores from Kopvoorn B.V. and up to ₹1,050 crores from HDFC Bank Ltd, India’s leading private sector bank.
The issue is being led by several Book Running Lead Managers: Axis Capital Limited, Citigroup Global Markets India, Goldman Sachs (India) Securities, IIFL Capital Services, and Jefferies India.
With this proposed fundraising, Credila prepares to expand its reach and scale, offering a rare opportunity for investors to participate in India’s booming education finance sector.