HDB Financial Services IPO: Price Band Set at ₹700 To ₹740 Per Share; Key Dates, Lot Size, and Details

HDB Financial Services, a subsidiary of HDFC Bank, has officially set the price band for its upcoming ₹12,500 crore initial public offering (IPO) at ₹700 to ₹740 per share. The public issue will open for subscription on June 25 and conclude on June 27, with anchor investors bidding on June 24.

IPO Structure and Size

The IPO comprises a fresh issue worth ₹2,500 crore and an offer-for-sale (OFS) of ₹10,000 crore by HDFC Bank, the promoter. Post-issue, HDB Financial Services will continue to remain a subsidiary of HDFC Bank, which currently holds a 94.36% stake.

Lot Size and Investment Requirement

Retail investors can bid in lots of 20 shares, requiring a minimum investment of ₹14,800 at the upper end of the price band.

Use of Proceeds

Proceeds from the fresh issue will be utilised to strengthen the company’s Tier-I capital base, supporting future capital requirements.

Listing Date and Exchanges

The equity shares are scheduled to be listed on both the National Stock Exchange (NSE) and the BSE on July 2, 2025.

Reservation for Shareholders and Employees

A portion of the IPO is reserved for:

• Eligible employees of HDB Financial Services
• Existing shareholders of HDFC Bank

Background and Regulatory Mandate

HDB Financial Services IPO aligns with the Reserve Bank of India’s directive from October 2022, which mandates that non-banking financial companies (NBFCs) classified in the upper layer must list within three years.

Lead Managers

The book-running lead managers for the IPO include:

• BofA Securities India
• JM Financial
• BNP Paribas
• HSBC Securities & Capital Markets
• Jefferies India
• Goldman Sachs (India) Securities
• IIFL Capital Services
• Nomura Financial Advisory
• Motilal Oswal Investment Advisors
• Nuvama Wealth Management
• UBS Securities India
• Morgan Stanley India.

Stay tuned for further updates and detailed insights once the public offering opens.

Disclaimer:  At HDFC SKY, we take utmost care and due diligence in curating and presenting news and market-related content. However, inadvertent errors or omissions may occasionally occur.

If you have any concerns, questions, or wish to point out any discrepancies in our content, please feel free to write to us at content@hdfcsec.com.

Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations