Credila Files ₹5,000 Crore IPO Papers with SEBI; ₹3,000 Crore Fresh Issue, ₹2,000 Crore OFS Planned
By Shishta Dutta | Published at: Jun 27, 2025 09:49 AM IST
Mumbai, June 27, 2025 — Credila Financial Services Ltd, formerly HDFC Credila, has filed an updated draft red herring prospectus (UDRHP) with SEBI to raise up to ₹5,000 crore through an initial public offering (IPO).
- The IPO includes a fresh issue of equity shares amounting to ₹3,000 crore.
- It also features an offer-for-sale (OFS) by existing shareholders, totaling up to ₹2,000 crore.
Crizac IPO Structure and Stake Sale Details
The IPO will consist of the following components:
| Component | Amount (₹ crore) |
|---|---|
| Fresh Issue | 3,000 |
| Offer for Sale | 2,000 |
| Total Offer Size | 5,000 |
- The OFS includes ₹950 crore worth of shares from promoter Kopvoorn B.V. and ₹1,050 crore from HDFC Bank Ltd.
- The company may also consider a pre-IPO placement of up to ₹600 crore, which would reduce the fresh issue size accordingly.
Offer Proceeds and Objects
Credila plans to use the net proceeds from the fresh issue primarily to augment its capital base and support future business and asset growth. The proceeds from the OFS will go to the selling shareholders and not the company.
Shareholding Snapshot
Before the IPO, Credila’s ownership is dominated by the following entities:
| Shareholder | Stake (%) |
|---|---|
| Kopvoorn B.V. (Promoter) | 63.89 |
| Moss Investments Limited | 14.48 |
| Shinhan Bank | 10.05 |
| HDFC Bank Limited | 8.17 |
| HDFC Life Insurance Company | 1.81 |
Post-listing, the shareholding pattern will be diluted depending on the final offer size and allotments.
Financial Highlights (₹ in crore)
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue from Operations | 4,719.73 | 2,771.04 | 1,352.17 |
| Net Profit | 989.96 | 528.84 | 275.92 |
| Net Worth | 8,694.51 | 5,043.36 | 2,435.09 |
| Total AUM | 41,810.45 | 28,187.20 | 15,297.66 |
| Total Borrowings | 38,869.01 | 26,032.83 | 13,655.22 |
The company reported a robust growth in its AUM (asset under management) and profitability across the last three financial years.
Listing and Lead Managers
- The equity shares are proposed to be listed on both the BSE and NSE.
- Book Running Lead Managers (BRLMs) for the IPO:
- Axis Capital
- Citigroup
- Goldman Sachs
- IIFL Capital
- Jefferies India
About Credila Financial Services
Credila Financial Services Ltd is a leading Indian NBFC (non-banking financial company) focused on education loans for students pursuing higher studies abroad and in India. As of FY25, 94.65% of its AUM comprised loans for overseas education. It is registered as a non-deposit taking middle-layer NBFC with RBI. Credila was formerly promoted by HDFC Bank, which now holds a minority stake after the transfer of control to EQT Group-backed Kopvoorn B.V. in March 2024.
This IPO marks the first major offering by a dedicated education loan NBFC and could set a valuation benchmark in the segment.
REF: https://www.bseindia.com/corporates/download/10687/IPO Prior/CFSLUDRHPI_20250626202346.pdf
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