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Business • Jun 16, 2025

HDB Financial Services plans massive IPO launch

HDB Financial Services, part of HDFC Bank, is all set to launch a massive ₹12,500 crore IPO—the biggest ever by a non-banking financial company in India. If you're curious about big moves in finance, mark your calendar: the public issue is expected to open between June 25 and 27.

TL;DR

HDB aims for valuation of ₹62,000 crore

The offer includes ₹2,500 crore of new shares and ₹10,000 crore worth sold by HDFC Bank, which currently owns over 94% of HDB Financial. This listing isn't just about raising funds—it's also meeting RBI rules that require large NBFCs to go public by September 2025. The money raised will help boost HDB's capital for future growth. The company is aiming for a valuation around ₹62,000 crore (about $7.2 billion), with final filings expected soon.