Credila Financial Services Ltd. IPO Details
Credila Financial Services was incorporated on February 1, 2006. They are an Indian education finance company providing loans to students for higher studies in India and abroad. As per industry reports, they are India’s largest and fastest-growing education-focused NBFC, with the lowest gross stage 3 assets and cost-to-income ratio, and one of the widest distribution networks
| Bidding Dates |
|---|
| To Be Announced |
| Minimum Investment | Minimum Lot | Maximum Lot | Lot Size | Number of Shares | Issue Price Band | Post Issue Promoter Holding % | Issue Size | IPO Document |
|---|---|---|---|---|---|---|---|---|
| - | - | - | - | 0 | - | - | ₹50,000.0 M | DRHP DOC |
Credila Financial Services issue details
Credila Financial Services IPO issue size is ₹ 50,000.0 M
| Day | Retail Individual Investor | HNI (NII) Investors | Qualified Institutional Buyers |
|---|---|---|---|
| Category Reservation | 35% | 15% | 50% |
Credila Financial Services IMPORTANT IPO DATES
| Issue Open Date | - |
| Issue close Date | - |
| Allotment Date | - |
| Refund Date | - |
| Demat Account Credit Date | - |
| Listing Date | - |
| Listing on Exchange(s) | NSE and BSE |
Credila Financial Services NUMBER OF SHARES ON OFFER
Credila Financial Services FINANCIALS
| Period | Net Profit (Rs in crore) | Revenue from Operations (Rs in crore) | Cash Flow from Operations (Rs in crore) | Free Cash Flow (Rs in crore) |
| FY25 | 990.0 | 4,719.7 | -12,277.7 | -12,313.1 |
| FY24 | 528.8 | 2,771.0 | -12,016.5 | -12,045.1 |
| FY23 | 275.9 | 1,352.2 | -6,157.0 | -6,172.1 |
Credila Financial Services INFORMATION ON IPO ISSUE
About Credila Financial Services
Credila Financial Services was incorporated on February 1, 2006. They are an Indian education finance company providing loans to students for higher studies in India and abroad. As per industry reports, they are India’s largest and fastest-growing education-focused NBFC, with the lowest gross stage 3 assets and cost-to-income ratio, and one of the widest distribution networks
Object of the Issue
- To meet the company’s future capital requirements arising out of growth of its business and assets
- To receive the benefits of listing of the equity shares on the stock exchanges
- To undertake its existing business activities and undertake the activities proposed to be funded from the net proceeds
Credila Financial Services - PROMOTERS
| Name |
|---|
| Kopvoorn B.V. |
Credila Financial Services Book Running Lead Manager
Axis Capital Limited
credila.ipo@axiscap.in
Citigroup Global Markets India Private Limited
credilaipo@citi.com
Goldman Sachs (India) Securities Private Limited
gs-credila@gs.com
IIFL Capital Services Limited
credilafsl.ipo@iiflcap.com
Jefferies India Private Limited
Credila.IPO@jefferies.com
Credila Financial Services Registrar to the Offer
KFin Technologies Limited
cfsl.ipo@kfintech.com
Credila Financial Services Strengths
Distribution network
The company’s omni-channel distribution network includes agents, banks, institutions, and direct digital channels. As of FY25, it operates in 41 cities with 8 regional offices, 32 branches, and 861 sales employees, working closely with education consultants and related service providers to reach potential borrowers
High asset quality
The company’s specialized underwriting approach, driven by proprietary data and risk-based pricing, has led to high asset quality across credit cycles. It evaluates factors like student credentials, employability, collateral, and risks related to the country, university, and course
Risk management
The company has a comprehensive risk management framework covering credit, financial, and operational risks, with a specialized and accountable risk management team
Credila Financial Services Risks
Capital intensive
The company’s operations depend on substantial capital, and any disruption in its cost or availability may adversely affect its business, financial condition, and cash flows
Operational risks
The company implements internal controls suited to its operational scale and complexity, but remains exposed to risks from possible process or system failures. Despite regular audits, not all instances of non-compliance or system weaknesses may be detected or fully addressed
Volatile interest rates
The company’s performance is heavily dependent on net interest income. Fluctuations in interest rates can impact its finance costs and margins, and rising funding costs may reduce net interest margins unless loan rates are increased accordingly
IPO FAQs
The promoter of the company is Kopvoorn B.V..
The category allocation of qualified institutional buyers is 50.0%, the category allocation of non individual investors or high networth individuals is 15.0% and for retail investors it is 35.0%.