HDB Financial Services, a part of HDFC Bank, is launching its ₹12,500 crore IPO—comprising ₹2,500 Cr fresh issue and ₹10,000 Cr Offer for Sale (OFS). The IPO opens on 24 June 2025 and closes on 26 June 2025, with the listing planned for 1 July. The price band is fixed at ₹750–₹800 per share. Lot size and minimum investment details will be shared soon.
HDB operates as a non-banking financial company (NBFC) and runs over 1,700 branches across India. It mainly focuses on lending to rural and semi-urban areas. In FY24, it posted a profit of ₹2,460 Cr and maintained a Return on Equity (RoE) of around 19.5%.
Reasons to consider applying:
– Backed by HDFC Bank, which holds a 94.4% stake
– Consistent growth and profitability
– Regulatory push for listing and strong rural footprint
Things to keep in mind:
– As an NBFC, it is exposed to credit and market risks
– Valuation appears fair; this might suit long-term investors more
The Grey Market Premium is currently estimated around ₹350–₹400. HDFC Bank shareholders may receive additional quota—if eligible, they can apply under both Retail and Shareholder categories.