HDB Financial Services IPO: A ₹12,500 Crore Opportunity Unveiled

Delhi

HDB Financial Services IPO: A ₹12,500 Crore Opportunity Unveiled

HDB Financial Services plans to raise ₹12,500 crore through its IPO, with HDFC Bank selling shares worth ₹10,000 crore. The offering is set to be a major market highlight this June.

HDB Financial Services Ltd., the non-banking subsidiary of HDFC Bank, is set to launch its IPO by the end of June. According to Moneycontrol sources, the IPO is expected to open for public subscription between June 25 and 27. The company has already received approval from SEBI.

Here are the key details:

IPO Size: ₹12,500 crore

Components: Fresh issue + Offer for Sale (OFS)

Anchor portion: Likely to be allotted on June 24

DRHP: Filed in October 2023; Updated DRHP (UDRHP) has now been submitted

Valuation Target: Around ₹62,000 crore (~$7.2 billion) at the higher price band

HDFC Bank will sell shares worth ₹10,000 crore as part of the OFS.

The IPO of HDB Financial Services is scheduled to come in the last week of June. It is a non-banking finance company (NBFC) of HDFC Bank.

Key points:

The company wants to raise Rs 12,500 crore from the IPO.

Out of this, HDFC Bank is going to sell shares worth Rs 10,000 crore.

The IPO includes both Fresh Issue and Offer for Sale (OFS).

Possible dates:

For anchor investors: June 24, 2025

IPO will open for general investors: June 25 to 27, 2025

Company valuation:

The company is targeting a post-IPO valuation of around Rs 62,000 crore ($7.2 billion).

SEBI approval:

SEBI has approved the IPO.

The company filed DRHP in October 2023 and updated DRHP recently.

Banking and brokerage firms handling the IPO:

Foreign: Morgan Stanley, Bank of America, Nomura

Indian: ICICI Securities, Axis Capital, IIFL

RBI rule:

HDB needs to be listed on the stock market before September 2025 as it is an ‘Upper Layer NBFC’.

Tags:

About the author

Advertisement

Latest News