15 May 2025
HDB Financial Services, the non-banking financial arm of HDFC Bank, is likely to request an extension from the Reserve Bank of India (RBI) for its September 2025 deadline to go public, according to people familiar with the matter.
As an upper-layer NBFC, HDB Financial is required to list on stock exchanges by September, according to RBI guidelines. The company filed its draft red herring prospectus (DRHP) in November 2024 for a ₹12,500-crore initial public offering (IPO), which remains pending with the Securities and Exchange Board of India (Sebi).
HDB Financial Services, the non-banking financial arm of HDFC Bank, is likely to request an extension from the Reserve Bank of India (RBI) for its September 2025 deadline to go public, according to people familiar with the matter.
As an upper-layer NBFC, HDB Financial is required to list on stock exchanges by September, according to RBI guidelines. The company filed its draft red herring prospectus (DRHP) in November 2024 for a ₹12,500-crore initial public offering (IPO), which remains pending with the Securities and Exchange Board of India (Sebi).
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