The initial public offering (IPO) of HDFC Bank’s non-bank arm, HDB Financial Services, will open on June 25, 2025. The issue size is ₹12,500 crore, and the price band has been fixed at ₹700 to ₹740 per equity share.
Bid details
The anchor investor bidding date is June 24, and the IPO will close on June 27, 2025. Bids can be made for a minimum of 20 shares and in multiples of 20 shares thereafter.
“The total offer size of equity shares with face value ₹10 each aggregating up to ₹125,000 million (₹12,500 crore) comprises of fresh issue of equity shares aggregating up to ₹25,000 million (₹2,500 crore) and Offer for sale of equity share aggregating up to ₹ 100,000 million (₹10,000 crore),” the company said in a statement.
Net proceeds from the fresh issue will augment its tier–I capital base to meet future capital requirements, including onward lending under its loan verticals of Enterprise Lending, Asset Finance, and Consumer Finance. Further, a portion of the proceeds from the fresh issue will be used to meet offer expenses.
JM Financial, BNP Paribas, BofA Securities India, Goldman Sachs (India) Securities, and HSBC Securities and Capital Markets (India), among others, are the Book-Running Lead Managers for the offer.