IPO Update, June 27 -- Credila Financial Services Ltd has filed its Updated Draft Red Herring Prospectus (UDRHP-I) with the capital market regulator, Securities and Exchange Board of India (SEBI), for an initial public offering (IPO).

Credila Financial Services ranks as the second quickest expanding education-focused non-banking financial company (NBFC) in India concerning the annual growth of Net Loans, registering a year-on-year increase of 47.67% from the Financial Years 2024 to 2025, as reported by an industry analysis.

As of March 31, 2025, the company holds the title of the largest education-oriented NBFC in India, boasting Net Loans totaling Rs.41,469 crores; a restated net profit after tax of Rs.990 crores for the Financial Year...