Credila Financial Services Files for ₹5,000 Cr IPO Backed by EQT, ChrysCapital, HDFC

Credila Financial Services Files for ₹5,000 Cr IPO Backed by EQT, ChrysCapital, HDFC




Credila Financial Services, India’s leading education loan provider, has filed its Draft Red Herring Prospectus (DRHP) with SEBI on June 26, aiming to raise ₹5,000 crore through an Initial Public Offering (IPO).

The offering will comprise a fresh issue of equity shares worth ₹3,000 crore and an Offer for Sale (OFS) worth ₹2,000 crore by existing shareholders.

Backed by prominent investors like the EQT Group, ChrysCapital, HDFC Bank, and Shinhan Bank, Credila was formerly known as HDFC Credila Financial Services.

As part of the OFS:

  • Promoter Kopvoorn B.V. (part of the BPEA EQT Group) will sell shares worth up to ₹950 crore.
  • HDFC Bank will offload shares worth ₹1,050 crore.

The promoter group currently holds a 63.96% stake, including Kopvoorn B.V.'s 63.89%. The remaining 36.04% is owned by public stakeholders, including:

  • Moss Investments (a ChrysCapital affiliate) – 14.48%
  • Shinhan Bank – 10.05%
  • HDFC Bank – 8.17%
  • HDFC Life Insurance – 1.81%

The IPO is expected to strengthen Credila’s capital base and expand its footprint in India’s growing education loan market.

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