Business EconomyPosted at: Jun 23 2025 5:10PM


HDB Rs 12,500 cr IPO to open on June 25

Chennai, June 23 (UNI) HDB Financial Services Limited (HDB Financial or The Company)
will open its Bid / Offer in relation to its initial public offer of Equity Shares on June 25.
The Anchor Investor Bidding Date would be tomorrow and the offer closes on June 27.
Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares
thereafter.
The price band has been fixed at Rs 700 to Rs 740 per equity share, Vishal Patel, Head,
Investors Relations and Karthik Srinivasan, Chief Business Officer, told reporters here today.
The total offer size of equity shares with face value Rs 10 each aggregating up to Rs 125,000
million (Rs 12,500 crore) comprises of fresh issue of equity shares aggregating up to Rs 25,000
million (Rs 2,500 crore) and Offer for sale of equity share aggregating up to Rs 100,000 million
(Rs 10,000 crore).
The company proposes to utilize the net proceeds from the fresh issue towards augmenting
Company’s Tier-I Capital base to meet the future capital requirements including onward lending
under any of its business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance.
Further, a portion of the proceeds from the Fresh Issue will be used towards meeting offer
expenses.
The offer for sale of equity share capital comprises aggregating up to Rs 1,00,000 million
(Rs 10,000 crore) by HDFC Bank Limited (“Promoter Selling Shareholder”).
The equity shares will be offered through the Red Herring Prospectus of the Company filed
with Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad (“RoC”).
The equity shares are proposed to be listed on the BSE and NSE.
UNI GV 1700
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Tags: #HDB Rs 12#500 cr IPO to open on June 25
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