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The IPO positions the company among the largest NBFCs to go public in recent years.
HDB Financial Services, the non-banking financial company subsidiary of HDFC Bank, will launch its ₹12,500 crore initial public offer on June 25, it said in an exchange filing. The company has filed its final Red Herring Prospectus with the Registrar of Companies.
The non-banking lender will be raising ₹2,500 crore thriough a fresh issue of shares, while promoter HDFC Bank, which holds a 94 per cent stake in it, will be selling shares worth ₹10,000 crore in the offer for sale portion.
The IPO will close for subscription on June 27, with the anchor investor bidding on June 24, it said.
The IPO filing comes as HDB Financial faces a regulatory deadline to list on stock exchanges by September 2025. The Reserve Bank of India classified the NBFC as an upper layer entity in 2022, mandating its public listing under existing regulations.
The company reported strong financial performance for the quarter ended March 31, 2025, posting a net profit of ₹530 crore and net revenue of ₹2,620 crore. Its total loan book stood at ₹1.1 lakh crore as of March-end.
HDBFS operates across consumer finance segments, including personal loans, business loans, and vehicle financing. The listing will make it one of the largest NBFCs to go public in recent years.
Published on June 19, 2025
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