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19 Nov 2024
HDFC Credila, India’s largest education loan provider, is all geared up for 2025’s major Initial Public Offer. Rs 5000 crore approx. is expected to be raised.
EQT, a Swedish investment firm, and ChrysCapital, an Indian Private Equity giant backed by HDFC Credila, have shortlisted some investment banks in time. The IPO plans come with the expectation to back its strong financials as HDFC Credila reported Rs 528.84 crore in profit after tax in FY24.
The final amount raised in the IPO would depend on the extent of the existing investor stake dilution.
In a recent interview with the TOI, Ajay and Anil Bohora shared that HDFC Credila’s success validated the business model of education loans in India. It spawned a Rs 1 lakh crore industry, with many former team members of the organization either setting up educational loan ventures of their own or lending similar types of verticals at other institutions.
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