Credila financial services files for IPO

Credila Financial Services, India’s leading education loan provider, has filed its draft papers with SEBI to raise ₹5,000 crore through an IPO.

The offer includes a ₹3,000 crore fresh issue and a ₹2,000 crore OFS, with major shareholders EQT’s Kopvoorn B.V. offloading up to ₹950 crore, and HDFC Bank selling ₹1,050 crore worth of shares.

Credila may also raise up to ₹600 crore in a pre-IPO round.

Zoom out: education financing is growing fast as more Indian students head abroad. With ₹5,000 crore in play, this could become one of the biggest IPOs in the education finance space, and a bellwether for investor interest in student lending platforms.