Q 1. What is the business of Credila Financial Services?

Credila is an NBFC specialising in education loans, primarily financing Indian students pursuing higher education abroad, and in India.

Q 2. When was the company founded

The company was incorporated in 2006.

Q 3. What is the issue size and structure of the IPO?

The IPO is sized at ~ ₹5,000 crore, comprising a fresh issue of ~ ₹3,000 crore and an offer-for-sale of ~ ₹2,000 crore by existing shareholders.

Q 4. What is the use of the IPO proceeds?

The net proceeds are proposed to be used to augment the company’s capital base, support growth of its business and loan assets, and general corporate purposes.

Q 5. What are the key risks for this IPO?

Concentrated exposure to overseas education loans (hence sensitive to global job/visa environment); large part of loan book under moratorium, meaning repayment risk is yet to fully play out; rising cost of borrowing may compress margins.

Credila Financial (NEW IPO): GMP today, Price, Review, Detail

Open

13 July 2026

Rating

Credila Financial Services is a specialised non-banking financial company (NBFC) focused on education loans for Indian students pursuing higher studies in India and abroad. Founded to address the gap between student aspirations and financing, the company has grown rapidly in the overseas education financing niche. Credila Financial is planning to raise around ₹5,000 crore via this IPO. Here below are the details about IPO size, price band, grey market premium (GMP), financials, strengths & risks.

Credila was incorporated in the year 2006.Mr. Arijit Sanyal is currently the MD & CEO of the company.

Credila is a specialised non-banking financial company (NBFC) focused solely on education loans As per Credila, till March 31 2025, it has funded over 2.26 lakh (2,26,000+) students across more than 5,200 universities in 64+ countries.

Subscription date to apply for Credila Financial starts from Nov’25 . Price band for the IPO is not confirmed and is yet to be announced ~ ₹ per share.

Year	2025
Networth	~₹8694 Cr
Revenue	~ ₹ 4719.73 Cr
EBITDA	-
PAT	~ ₹ 989.96 Cr
EBITDA Margin	-
PAT Margin	~19.1%
Face Value	₹ 10

IPO Important Dates

#	Date
Open Date	TBA
Close Date	TBA
Anchor Investor Bidding	TBA
Allotment Date	TBA
Refunds& Demat Credit	TBA
Tentative Listing Date	TBA

Use Of Proceeds

Purpose	Amount
Working Capital Requirements	NIL
Subsidiary acquisition	NIL
Borrowing prepayment/repayment	NIL
General Corporate Purpose	Balance

Financial Data

#	2023	2024	2025
Revenue (₹ Cr)	₹ 1,352.2 Cr	₹ 2,771.0 Cr	₹ 4,719.7 Cr
PAT (₹ Cr)	₹ 275.9 Cr	₹ 528.8 Cr	₹ 990.0 Cr
Asset (₹ Cr)	₹ 16,446 Cr	₹ 31,566 Cr	₹ 48,194 Cr
Net Worth (₹ Cr)	₹ 2,435.1 Cr	₹ 5,043.4 Cr	₹ 8,694.5 Cr

IPO Grey Market Premium

Date	IPO Price	IPO GMP	Profit Per Lot
17-Jun	₹ –	₹ –	₹ –
16-Jun	₹ –	₹ –	₹ –
15-Jun	₹ –	₹ –	₹ –
14-Jun	₹ –	₹ –	₹ –
13-Jun	₹ –	₹ –	₹ –

Pros

Clear niche leadership in overseas education-loan financing: Credila is among the few NBFCs specialised in this segment.
Backed by established investors: Post HDFC stake sale, new ownership includes major players (EQT, ChrysCapital) which may support expansion.
Strong growth in loan book / AUM: The company’s AUM grew ~84% in FY24 to ₹28,187 crore from prior year.
Global education tailwinds: Growing demand for Indian students studying abroad means a large addressable market.
Low reported asset-quality risk to date: Delinquency levels remain low in recent history.

Cons

Very high concentration risk: Over ~94% of AUM is for overseas education.
Seasoning risk: A large portion of loan book still under moratorium, so actual repayment risk remains to unfold.
Interest-rate / cost-of-fund risk: Rising borrowing costs could squeeze margins.
Regulatory / foreign-education risk: Changes in visa, immigration or job markets abroad could impact repayment capacity.
IPO market timing & valuation risk: As this is a large IPO (~₹5,000 crore), market subscription and listing performance may be variable.

Promoters – Pre offer equity (Approx)

Promoters	% Shares
Kopvoorn B.V.	~63.89%
Moss Investments Limited	~14.48%
Shinhan Bank	~10.05%
HDFC Bank Limited	~8.17%
-	-
-	-

Lot Size details

Application Type	Lot Size	No. of Lot	No. of Shares	Investment Amount
Retail (Min)	–	1	–	₹ –
Retail (Max)	–	13	–	₹ –
HNI (Min)	–	14	–	₹ –
HNI (Max)	–	66	–	₹ –
Big HNI (Min)	–	67	–	₹ –

Key Performance Index (KPI)

ROE	N/A
ROCE	N/A
RoNW	N/A

Lead / Book Running Lead Managers

Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited, Jefferies India Private Limited

Registrar (RTA)

KFin Technologies Limited

Q 1. What is the business of Credila Financial Services?
Credila is an NBFC specialising in education loans, primarily financing Indian students pursuing higher education abroad, and in India.
Q 2. When was the company founded
The company was incorporated in 2006.
Q 3. What is the issue size and structure of the IPO?
The IPO is sized at ~ ₹5,000 crore, comprising a fresh issue of ~ ₹3,000 crore and an offer-for-sale of ~ ₹2,000 crore by existing shareholders.
Q 4. What is the use of the IPO proceeds?
The net proceeds are proposed to be used to augment the company’s capital base, support growth of its business and loan assets, and general corporate purposes.
Q 5. What are the key risks for this IPO?
Concentrated exposure to overseas education loans (hence sensitive to global job/visa environment); large part of loan book under moratorium, meaning repayment risk is yet to fully play out; rising cost of borrowing may compress margins.
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