HDB Financial IPO: HDFC Bank’s subsidiary HDB Financial Services has raised ₹ 3,369 crore through anchor book before its mega IPO. Many veteran funds have invested money in this. The anchor book was launched on 24 June. At the same time, an IPO of ₹ 12,500 crore will open from June 25 to 27 for subscription.
Issue Structure and Price Band
The IPO of HDB Financial includes a fresh issue of ₹ 2,500 crore and an offer for ₹ 10,000 crore. The offs will be fully promoter by HDFC Bank. The price band of the IPO has been fixed at ₹ 700 to ₹ 740 per share.
| IPO details | complete information |
| IPO date | 25 June 2025 to 27 June 2025 |
| Listing date | Will be announced soon |
| Face value | ₹ 10 per share |
| Price band | ₹ 700 to ₹ 740 per share |
| Lot size | 20 shares |
| Minimum investment | ₹ 14,800 (on upper price band of ₹ 740) |
| Type of sale | Fresh issue and offer for cell mixture |
| Total issue size | Up to ₹ 12,500 crore |
| Fresh issue size | Up to ₹ 2,500 crore |
| Offer for cell size | Up to ₹ 10,000 crore |
| Type of issue | Book Building IPO |
| Listing exchange | BSE, NSE |
| Pre-issue share holding | 79,39,63,540 shares |
Legendary names involved in anchor investors
The company allotted a total of 4.55 crore equity share anchor investors at the rate of ₹ 740 per share. These include names such as Blackrock, Bailie Gifford Pacific Fund, Government Pension Fund Global, Goldman Sachs, Schroder International, Fidelity, Abu Dhabi Investment Authority, Templeton and Societe General.
Out of the total anchor book, 1.93 crore shares i.e. ₹ 1,434.8 crore shares were allotted 22 domestic mutual funds, which invested through a total of 65 schemes.
Use of funds from IPO
HDB Financial will use fresh capital from this issue to increase its tier-i capital, so that future finance requirements can be met. At the end of FY24, the company’s Tier-I capital was ₹ 13,412.8 crore, which increased to ₹ 16,406 crore in FY25. According to the upper price band, the company’s valuation has been estimated at ₹ 61,253 crore.
Operation with strong brand support
HDB Financial Services works in three business verticals- enterprise lending, asset finance and consumer finance. The company benefits from the brand identity of HDFC Bank, but its underwriting, sourcing, risk management and operations are operated independently.
Legendary names among investment bankers
Merchant bankers managing IPO include JM Financial, BNP, Bofa Securities India, Goldman Sachs India, HSBC Securities, IIFL Capital, Jeffaries India, Morgan Stanley, Motilal Oswal, Nomura, Nuwama Wealth and UBS Securities India.
Also read: 3 more IPOs including GNG Electronics are ready to be launched, Green Signal received from SEBI
Disclaimer: Here information provided is being given only for information. It is necessary to mention here that the investment market in the market is subject to risks. Always consult experts before investing money as an investor. There is never advice to anyone to invest money on behalf of Moneycontrol.
