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  1. HDB Financial Services IPO expected to launch in July, says report

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HDB Financial Services IPO expected to launch in July, says report

Upstox

2 min read | Updated on June 12, 2025, 15:38 IST

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SUMMARY

HDB Financial Services IPO: The proposed issue is a mix of a fresh issuance of equity shares aggregating ₹2,500 crore and an offer-for-sale (OFS) of ₹10,000 crore by promoter HDFC Bank.

Currently, HDFC Bank holds a 94.36% stake in HDB Financial Services. | Image: Pixabay

Currently, HDFC Bank holds a 94.36% stake in HDB Financial Services. | Image: Pixabay

HDB Financial Services IPO: The ₹12,500 crore initial public offering of HDB Financial Services, a subsidiary of HDFC Bank, is expected to launch by mid-July, Moneycontrol reported, citing sources.

The non-banking financial company's (NBFC) initial share sale will be the biggest in 2025 so far, following Hexaware Technologies' ₹8,750 crore IPO in February.

The proposed issue is a mix of a fresh issuance of equity shares aggregating ₹2,500 crore and an offer-for-sale (OFS) of ₹10,000 crore by promoter HDFC Bank.

The net proceeds will be deployed to augment the company's Tier-I capital base to meet future capital needs, including onwards lending.

Currently, HDFC Bank holds a 94.36% stake in HDB Financial Services.

JM Financial, BofA Securities, BNP Paribas, Goldman Sachs (India) Securities, Jefferies India, IIFL Securities, HSBC Securities and Capital Markets, Motilal Oswal Investment Advisors, Morgan Stanley India, UBS Securities, Nuvama Wealth Management, and Nomura Financial Advisory and Securities are the issue's book-running managers.

MUFG Intime India is the registrar.

HDB Financial Services is a diversified NBFC with three business verticals: enterprise lending, asset finance and consumer finance. It also offers business process outsourcing or BPS services like back-office support services and collection and sales support services to its promoter and fee-based products like the distribution of insurance products to lending customers.

The company reported a 14.25% increase in its revenue from operations to ₹14,171.1 crore in the financial year 2023-24, compared to ₹12,402.8 crore a year back.

The net profit surged 25.59% to ₹2,460.8 crore in FY24 as against ₹1,959.3 crore in FY23.

HDFC Bank share price

Shares of HDFC Bank settled 0.53% lower at ₹1,940 apiece on the National Stock Exchange (NSE). Its market capitalisation stands at ₹14,86,206.34 crore.

Another big-ticket IPO of National Securities Depository Limited (NSDL) is expected to launch in July. The issue will be solely an OFS worth ₹3,400 crore, with no fresh issuance of shares.

The IPO consists of a reservation for eligible employees, allowing them to take part in the offering at a discounted price.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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Upstox
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