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  1. HDFC Bank share price rises after HDB Financial Services announces IPO dates and price band

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HDFC Bank share price rises after HDB Financial Services announces IPO dates and price band

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2 min read | Updated on June 20, 2025, 14:12 IST

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SUMMARY

HDFC Bank owns a 94.36% stake in HDB Financial Services. The initial share sale has reserved a portion for eligible HDFC Bank shareholders.

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HDB Financial Services is a subsidiary of HDFC Bank. | Image: Shutterstock

HDB Financial Services is a subsidiary of HDFC Bank. | Image: Shutterstock

HDFC Bank share price: Shares of HDFC Bank Ltd climbed on Friday, June 20, after its subsidiary HDB Financial Services announced that its initial public offering will be open for subscription from June 25 to June 27.

HDFC Bank owns a 94.36% stake in HDB Financial Services. The initial share sale has reserved a portion for eligible HDFC Bank shareholders.

HDFC Bank share price

The stock rose 1.31% to ₹1,960.6 apiece on the National Stock Exchange at 2:12 pm. The company's market capitalisation stands at ₹15,03,371.15 crore.

HDB Financial Services Ltd on Thursday filed its red herring prospectus (RHP) with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad to launch its public offer, HDFC Bank said in a regulatory filing on Thursday.

"We wish to inform you that HDB Financial Services Limited has filed the red herring prospectus dated June 19, 2025 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad in connection with the initial public offering of equity shares of face value of ₹10 each comprising a fresh issue of equity shares aggregating up to ₹25,000.0 million and an offer for sale of equity shares aggregating up to ₹100,000.0 million by HDFC Bank Limited, promoter of the company," it said.
The ₹12,500 crore HDB Financial Services IPO, with a price band of ₹700 to ₹740 per share, has a fresh issue component of ₹2,500 crore and an offer for sale or OFS of ₹10,000 crore by promoter HDFC Bank, as per the RHP.

The minimum application size is 20 shares for ₹14,800 (cut-off price).

Half of the offer has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.

The capital raised will be used to strengthen the NBFC's Tier-I capital base for future capital needs.

The company's equity shares will debut on the NSE and the BSE on July 2.

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