{"id":206064,"date":"2025-01-02T02:08:57","date_gmt":"2025-01-02T02:08:57","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/02\/education-loan-companies-credila-avanse-gear-up-for-ipos-india-news-times-of-india\/"},"modified":"2025-01-02T02:08:57","modified_gmt":"2025-01-02T02:08:57","slug":"education-loan-companies-credila-avanse-gear-up-for-ipos-india-news-times-of-india","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/01\/02\/education-loan-companies-credila-avanse-gear-up-for-ipos-india-news-times-of-india\/","title":{"rendered":"Education loan companies Credila, Avanse gear up for IPOs | India News – Times of India"},"content":{"rendered":"
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MUMBAI: Education loan providers Credila Financial Services and Avanse are set to debut on the stock markets, with both companies preparing for IPOs. Credila plans to raise around Rs 5,000 crore, while Avanse aims for Rs 3,500 crore. Both IPOs will include a combination of fresh issues and offers for sale.
Credila, formerly HDFC Credila, has confidentially pre-filed its Draft Red Herring Prospectus (DRHP) with Sebi. Avanse has already filed its draft prospectus. Credila, founded by Ajay and Anil Bohora in 2006, was India’s first dedicated education loan company. Together, Credila and Avanse now manage over Rs 60,000 crore in outstanding loans, underscoring the growing demand for education financing.
India’s private education loan sector was born in the early 2000s to address rising education costs. Traditional banks have focused on larger loans but have limited participation due to high non-performing assets. NBFCs have filled the gap with quicker approvals and flexible terms. The education loan market is projected to reach USD 150 billion by 2025.<\/p>\n


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