HDB Financial Services IPO Live Updates: Biggest NBFC issue of the year opens today for subscription

HDB Financial Services logo is seen in this illustration taken June 19, 2025. REUTERS/Dado Ruvic/Illustration
| Photo Credit:
Dado Ruvic

DB Financial Services IPO GMP Live Updates: The ₹12,500 crore IPO of HDFC Bank’s subsidiary, HDB Financial Services, opens for public subscription.

Price band, issue size

The price band is fixed at ₹700-₹740 per share. At the upper end of the price band, the company is valued at ₹61,400 crore.

The IPO is a combination of a fresh issue of equity shares worth Rs 2,500 crore and an Offer For Sale (OFS) of ₹10,000 crore by promoter HDFC Bank. At present, HDFC Bank holds a 94.36% stake in HDB Financial Services, a non-banking financial company (NBFC) arm of the bank.

Use of funds

The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth.

After the proposed IPO, HDB Financial Services will continue to be a subsidiary of the bank.

Listing date

The shares are expected to debut on the BSE and NSE on July 2, 2025.

09:15 | June 25, 2025

HDB Financial’s ₹12,500 crore mega IPO opens today at ₹700–740 per share

India’s largest NBFC public issue, HDB Financial Services, will hit the primary market today at a price band ₹700-740 a share. The mega ₹12,500-crore IPO will close on June 27 (Friday). Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter.

The total offer size of equity shares with a face value ₹10 each comprises a fresh issue worth ₹2,500 crore and an offer for sale of up to ₹10,000 crore by HDFC Bank.

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HDB Financial Services ₹12,500 cr IPO opens at ₹700–740 price band

HDB Financial Services ₹12,500 crore IPO opens today at ₹700–740. Anchor investors include LIC, BlackRock. Offer closes June 27 with quotas for all investor types.