HDB Financial Services IPO Launching June 25 to Raise Rs12,500 Crore in Largest NBFC Offer of 2025
HDB Financial Services, part of HDFC Bank, launches Rs12,500 crore IPO from June 25–27 with a Rs 700–Rs 740 price band. Fresh capital to strengthen Tier-1 lending.
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HDB Financial Services, the non-banking finance arm of HDFC Bank, is set to launch its much-anticipated ₹12,500 crore initial public offering (IPO) next week.The issue opens on June 25 and closes on June 27, with anchor bidding on June 24.
The IPO includes a Rs 2,500 crore fresh issue plus a Rs10,000 crore offer-for-sale by HDFC Bank, which currently holds a 94.3% stake. The price band is set between Rs 700–Rs 740 per share, implying a potential valuation close to Rs 62,000 crore.
Grey market optimism has been strong, with premiums between Rs100–Rs 103, suggesting a listing uplift of around 14%.Proceeds from the fresh issue will bolster Tier‑1 capital and support future lending initiatives, notably in retail and SME segments.
HDB Financial, operating since 2007, reports a loan book of approximately Rs 1.07 trillion across asset finance, enterprise lending, and consumer lending, with a Q4 FY25 profit of Rs 530 crore. The listing aligns with RBI’s mandate for upper‑layer NBFCs to list by September 2025.
