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Credila Financial Services Ltd, education finance company, has filed its updated draft red herring prospectus (UDRHP-I) with SEBI.
The company plans to raise funds — aggregating up to ₹5,000 crores — through IPO, comprising of fresh issue of equity share aggregating up to ₹3,000 crore and offer for sale of equity share aggregating up to ₹2,000 crore of face value of ₹10 per equity share.
The offer for sale (OFS) of equity share aggregating up to ₹2,000 crores (face value of ₹10 each) comprises of up to ₹950 crore of promoter Kopvoorn B.V. and up to ₹1,050 crore by HDFC Bank.
The company proposes to utilise the net proceeds towards augmenting capital base to meet future capital requirements arising out of growth of its business and assets.
Axis Capital Limited, Citigroup Global Markets India Private Limited, Goldman Sachs (India) Securities Private Limited, IIFL Capital Services Limited (formerly known as IIFL Securities Limited) and Jefferies India Private Limited are the Book Running Lead Managers to the issue.
The company's shares are proposed to be listed on the BSE and NSE.
Published on June 27, 2025
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