2. HDB Financial Services IPO Basic Details
– About-The IPO comprises a fresh issue of ₹2,500 crore and an offer for sale (OFS) of ₹10,000 crore by parent company HDFC Bank.
– Price Band-The issue’s price band has been set between ₹700 and ₹740 per equity share, with a face value of ₹10 each.
– Allotment and Listing Date and Time- The share allotment for the HDB Financial Services IPO will be finalized on Monday, June 30. Refunds to unsuccessful bidders will begin on Tuesday, July 1, with shares credited to the demat accounts of successful applicants on the same day. HDB Financial Services is expected to debut on the BSE and NSE on Wednesday, July 2.
3. Expert Reviews on HDB Financial Services IPO- Brokerage firm SBI Securities has assigned a ‘Subscribe’ rating to the HDB Financial Services IPO, citing strong fundamentals and backing from a reputable promoter group, HDFC Bank. The brokerage values the company at a post-issue FY25 price-to-book (P/B) multiple of 3.2x to 3.4x at the lower and upper price bands, respectively.
HDB Financial Services IPO (25 June 2025): HDB Financial Services, a subsidiary of HDFC Bank, is launching its IPO on June 25, aiming to raise ₹12,500 crore. The price band is set between ₹700 and ₹740 per share. SBI Securities has recommended subscribing to the issue, highlighting the company’s strong fundamentals. HDB is India’s 7th largest retail-focused NBFC, and its shares will be listed on both NSE and BSE