HDB Financial Services Ltd (HDBFS), the non-banking financial arm of HDFC Bank, is set to launch its highly anticipated Initial Public Offering (IPO) from June 25 to June 27, 2025. The price band for the offering will be announced on Friday, June 20, while anchor investor bidding is scheduled for Tuesday, June 24.
In a regulatory filing, HDFC Bank confirmed that HDBFS has filed its Red Herring Prospectus (RHP) dated June 19 with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad. The IPO comprises a fresh issue of ₹2,500 crore and an Offer for Sale (OFS) of ₹10,000 crore by HDFC Bank, which currently holds a 94.3% stake in the company.
The RHP also outlines a reservation for eligible employees and qualifying HDFC Bank shareholders, offering them a chance to participate in the public issue.
HDB Financial Services operates a robust network of 1,680 branches and boasts a diversified asset under management (AUM) portfolio, with a strong focus on retail and SME financing. Its key lending segments include vehicle loans and loans secured by property.
For the quarter ending March 31, 2025, the company reported a net profit of ₹5.3 billion and net revenue of ₹26.2 billion. Its total loan portfolio stood at ₹1.07 trillion, reflecting its significant presence in the NBFC landscape.
