HDB Financial Services Raises ₹3,369 Crore from Anchor Investors Ahead of IPO; Global Giants Participate
HDB Financial Services has secured ₹3,369 crore from anchor investors ahead of its IPO. Global investors like Government of Singapore and Fidelity took part. Full IPO opens June 27
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HDB Financial Services, a leading NBFC under the HDFC Group, has successfully raised ₹3,369 crore from anchor investors ahead of its much-awaited Initial Public Offering (IPO), set to open on June 27. The IPO is aiming to raise ₹4,800 crore in total.
According to a regulatory filing, the company has allotted over 1.43 crore shares to 51 anchor investors at ₹410 per equity share. This pre-IPO placement has seen robust interest from several marquee global and domestic investors.
Prominent global investors who participated include the Government of Singapore, Monetary Authority of Singapore, Fidelity Funds, Goldman Sachs, HSBC Global, and Morgan Stanley. Indian mutual fund majors like SBI MF, ICICI Prudential MF, Kotak MF, Axis MF, and HDFC MF also subscribed significantly to the anchor book.
The strong anchor investor participation highlights confidence in the company’s financial strength and growth trajectory, especially given its close association with HDFC Bank. The IPO will open for public subscription on June 27 and close on July 1.
HDB Financial Services offers a range of secured and unsecured loans and has built a strong retail lending base across India. This IPO marks one of the largest public issues in the Indian NBFC space in recent years.
