HDB Financial Services prepares for major IPO launch
HDB Financial Services, backed by HDFC Bank, is set to roll out a significant ₹12,500 crore IPO, with preparations underway for a mid-July launch. The plan includes a fresh issue of ₹2,500 crore and an offer for sale worth ₹10,000 crore as HDFC Bank trims its stake.
Who are they?
Launched in 2007, HDB Financial is a major non-banking lender offering loans to both individuals and businesses. They're known for consumer loans, MSME financing, and asset-backed lending—all under stricter NBFC-Upper Layer rules—serving customers across India.
Listing mandatory for HDB under RBI norms
This IPO isn't just about raising funds; RBI rules require big NBFCs like HDB to list by September 2025. As of September 2024, their loan book was at ₹98,620 crore with a profit of ₹2,460 crore last year. Shares will be listed on both BSE and NSE.