MUMBAI: HDFC Credila, country’s largest education loan provider, is gearing up for a major initial public offering (IPO) in 2025, targeting to raise over Rs 5,000 crore. Backed by Swedish investment firm EQT and Indian private equity giant ChrysCapital, HDFC Credila has shortlisted investment banks.
The IPO plans come on the back of strong financials, with HDFC Credila reporting a profit after tax of Rs 528.84 crore in FY24.
The final amount raised through the IPO will depend on the extent of stake dilution by existing investors.
Ajay and Anil Bohra, in a recent interview with TOI shared that the success of HDFC Credila validated the education loan business model in India and spawned a Rs 1 lakh crore industry, with several former HDFC Credila team members either setting up their own education loan ventures or leading similar verticals at other institutions.
The IPO plans come on the back of strong financials, with HDFC Credila reporting a profit after tax of Rs 528.84 crore in FY24.
The final amount raised through the IPO will depend on the extent of stake dilution by existing investors.
Ajay and Anil Bohra, in a recent interview with TOI shared that the success of HDFC Credila validated the education loan business model in India and spawned a Rs 1 lakh crore industry, with several former HDFC Credila team members either setting up their own education loan ventures or leading similar verticals at other institutions.
