Mumbai: HDB Financial Services Limited, a leading NBFC and a subsidiary of HDFC Bank, is set to launch its much-awaited Initial Public Offering (HDB Financial IPO) on June 25, 2025.
The ₹12,500 crore public issue includes a fresh issue of ₹2,500 crore and an offer for sale (OFS) of ₹10,000 crore by promoter HDFC Bank Limited.
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The HDB Financial IPO has a price band of ₹700 to ₹740 per equity share with a face value of ₹10. Investors can bid for a minimum of 20 equity shares and in multiples thereafter. The Anchor Investor Bidding will open on June 24, while the public issue closes on June 27, 2025.
HDB Financial IPO: Key Details
- Total Issue Size: ₹12,500 crore
- Fresh Issue: ₹2,500 crore
- Offer for Sale: ₹10,000 crore
- Price Band: ₹700–₹740 per equity share
- Lot Size: 20 shares
- Offer Opens: June 25, 2025
- Offer Closes: June 27, 2025
- Anchor Investor Bidding: June 24, 2025
- Listing: BSE and NSE (NSE as Designated Stock Exchange)
Purpose of the Offer:
The net proceeds from the fresh issue will be used to:
- Augment the company’s Tier-I capital base
- Support future lending across enterprise, asset finance, and consumer finance verticals
- Cover general corporate expenses and offer-related costs
The offer is made through the Book Building Process under SEBI regulations, with the allocation structured as follows:
- QIBs: Not more than 50% of the net offer
- Non-Institutional Investors: Not less than 15%
- Retail Individual Investors: Not less than 35%
- Eligible Employees and HDFC Bank Shareholders will also have reserved quota portions
- A portion of the QIB segment (up to 60%) may be allocated to Anchor Investors
All non-anchor bidders must apply via ASBA (Application Supported by Blocked Amount), using UPI or bank account details to block funds. Anchor Investors are exempt from ASBA.
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Book Running Lead Managers (BRLMs):
The IPO is managed by a consortium of leading investment banks, including:
- JM Financial
- BNP Paribas
- BofA Securities
- Goldman Sachs
- HSBC
- IIFL Capital Services
- Jefferies India
- Morgan Stanley
- Motilal Oswal
- Nomura
- Nuvama Wealth
- UBS Securities India
The Red Herring Prospectus (RHP) is available at: https://www.jmfl.com/Common/getFile/5011
