By Admin 
Hbd financial ipo: The IPO of HDB Financial Services is likely to be launched by the end of June. This IPO worth Rs 12,500 crore has got the green signal from the market regulator SEBI. Although there is no strong information about the launch date of the IPO so far, but sources say that it will be launched around June 25-30. It is being told that it will be one of the largest IPOs in the NBFC sector.
Gray market boom
Here, the price of unlisted shares of HDB Financial Services has already increased from Rs 950 per share to Rs 1,250 per share before the announcement of the IPO’s launch date. In the gray market, the company’s shares are already trading at a premium of Rs 93. It is also being told that HDB Financial Services has submitted its red hering prospects. However, this has not been confirmed.
10,000 crore rupees ofs
This IPO of HDB Financial Services includes fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by HDFC Bank Limited, which has a 94.3 percent stake. In October 2024, the firm filed its draft Red Herring Prospectus (DRHP) for the IPO. Its total market capitalization is in a range of Rs 91,500-95,500 crore. The IPO consists of 79.58 crore equity shares. However, according to media reports, the company can launch its IPO at a valuation of Rs 62,000-65,000 crore.
What does the company do?
HDB Financial Services is a non-banking financial company, which was laid in 2007. It provides personal loan, business loan to its customers. It is the subsidiary company of HDFC Bank. The Reserve Bank of India (RBI) has classified it as NBFC-Upper Layer (NBFC-Hul).
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