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HDB Financial Services to Launch Rs12,500-Crore IPO Priced at Rs700–740

Subscription opens June 25 for a combined Rs2,500-crore fresh issue, Rs10,000-crore HDFC Bank sale ahead of an RBI-mandated NBFC listing deadline.

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G. Ramesh Of HDB Financial Services , NBFC Arm Of HDFC Bank Talk About Their Rs 12,500 Crore IPO
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Overview

  • The offer includes a Rs2,500-crore fresh equity issue and a Rs10,000-crore offer for sale by HDFC Bank at a price band of Rs700 to Rs740 per share.
  • The subscription window opens June 25 and closes June 27 following SEBI approval on June 3 and red herring prospectus filing on June 19.
  • Managing Director and CEO G Ramesh says the price band reflects the company’s expected future value creation as it targets growth in ‘aspirational India’.
  • HDB Financial’s customer base doubled to 19 million over three years as it expands its enterprise lending, asset finance and consumer finance verticals.
  • Early investors may face notional losses of up to 48% at IPO pricing in a broader wave of NBFC listings driven by an RBI directive to list by September 2025.