HDFC Bank shares go ex-dividend: Stock down 1%; check record date, payment amount and date, and schedule for 31st AGM

Shares of HDFC Bank hit a record high on Thursday, amid the humungous interest shown by the investors in its subsidiary IPO, HDB Financial Services, which opened on June 25.

India's largest private sector lender will garner a whopping ₹10,000 crore from the issue, as the IPO is a combination of OFS by the promoter of the NBFC (₹10,000 crore) and a fresh issue of ₹2,500 crore.

At present, HDFC Bank (the promoter of HDB Financial) owns a 94.36% stake in the non-banking financial company (NBFC).

The ₹12,500 crore initial public offering (IPO) will conclude today, i.e., June 27. It is the biggest IPO in India in 2025 so far. The issue was fully subscribed on the second day of the bidding process.

The price band for the offer has been fixed at ₹700-₹740 per share.

At the upper end of the price band, the company is valued at nearly ₹61,400 crore.

HDFC Bank dividend details

HDFC Bank on April 19, 2025, had announced that the board had recommended a payment of a dividend of ₹22 per equity share of ₹1 each of the bank for the eligible shareholders as of the record date. The bank later intimated that June 27, 2025, was fixed as the record date for the purpose of determining the shareholders who will be eligible for the dividend.

The bank further said that, if approved by the shareholders of the bank at the annual general meeting (AGM), the announced dividend shall be paid on or after Monday, August 11, 2025.

HDFC Bank: 31st AGM update

In its filing to stock exchanges on June 20, HDFC Bank said that the 31st annual general meeting (AGM) of the bank will be held on Friday, August 8, 2025, at 02.00 p.m., through two-way video conferencing (VC).