Credila Files ₹5,000 Cr IPO—Kopvoorn & HDFC Bank to Exit, Capital Boost on Horizon

Credila Financial Services, India’s leading education loan provider, has filed draft papers with SEBI for an initial public offering (IPO) comprising a fresh issue of shares worth ₹3,000 crore and an offer-for-sale (OFS) of ₹2,000 crore by existing shareholders Kopvoorn B.V. and HDFC Bank. The IPO proceeds from the fresh issue will be used to augment Credila’s capital base, supporting its growing loan book and digital expansion.

 

This marks a significant ownership transition, as both Kopvoorn (part of BPEA EQT) and HDFC Bank move to fully exit their holdings. The IPO will be managed by a consortium of top-tier investment banks including Axis Capital, Citigroup, and Goldman Sachs, among others.

 

Credila, which reported FY23 revenue of ₹1,352 crore and a loan book of ₹15,298 crore, has financed over 1.24 lakh students pursuing higher education globally. The IPO is expected to unlock value and position the company for its next phase of growth in the underpenetrated education finance market.

 

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Sources: Financial Express | Business Standard | Business Today