Last Updated:June 19, 2025, 17:01 IST
HDB Financial Services Ltd is going to open its much-anticipated IPO between June 25 and June 27 to raise Rs 12,500 crore.
HDB Financial Services IPO.
HDB Financial Services IPO: HDB Financial Services Ltd, the non-banking financial arm of HDFC Bank, is going to open its much-anticipated IPO between June 25 and June 27 to raise Rs 12,500 crore, according to an exchange filing by HDB Financial on Thursday, June 19. Its anchor book will open on June 24.
The public issue will become the biggest IPO of 2025 so far, surpassing the Rs 8,750-crore issue by Hexaware Technologies earlier this year. The move signals a strong revival in the Indian primary markets.
HDB Financial IPO Opening Date
According the filing, the company’s IPO will remain open for public subscription next week — between June 25 and June 27. Anchor investors will be able to participate on June 24.
HDB Financial IPO Issue Size
The IPO aims to raise Rs 12,500 crore, making it one of the largest public issues by a non-banking financial company (NBFC) in recent years.
Also Read: Oswal Pumps IPO Listing Tomorrow, June 20: Here’s What Latest GMP Signals
The HDB Financial Services IPO comprises a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by parent HDFC Bank, which holds 94.3 per cent stake. The firm had filed it’s draft red herring prospectus (DRHP) for the IPO in October 2024.
HDB Financial IPO Price and Lot Size
While the price band and lot size are yet to be officially announced, those details are expected to be included in the Red Herring Prospectus (RHP), which will be filed soon.
Its GMP will also be known after the IPO price is revealed.
The IPO Objective
The IPO is primarily in response to the Reserve Bank of India’s 2022 regulation mandating all large NBFCs categorised as “upper layer” to be listed on the stock exchange by September 2025.
HDB Financial Services: Business Overview
Founded in 2007, HDB Financial Services provides a broad range of retail loans under three business verticals — enterprise lending, asset finance, and consumer finance. It focuses on both secured and unsecured loans, including personal loans and loans against property, particularly catering to underbanked segments.
As of September 30, 2024, the company had a gross loan book of Rs 98,620 crore, with a CAGR of 20.93% from March 2022. Its FY24 profit stood at Rs 2,460 crore, with a CAGR of 55.9% over FY22-FY24.
In its DRHP, the company noted that its loan book is highly diversified, with the top 20 customers contributing less than 0.36% of total gross loans. The average loan ticket size was around Rs 1.45 lakh as of September 30, 2024.
The company had initially filed its DRHP on October 30, 2023, and received SEBI’s approval at the end of May 2025.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to markets, economy and companies. Having a decade of experience in financial journalism, Haris has been previously asso… Read More
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