HDB Financial Services IPO News: 2500 Cr Fresh Issue | What Investors Need To Know | Upcoming IPO
Big news for HDB Financial Services investors… HDB Financial Services, which is a non-banking subsidiary of HDFC Bank, has announced its IPO plans. HDB Financial Services IPO will consist of a fresh equity issue of ₹2500 crore and will also include an Offer for Sale (OFS) from existing shareholders. HDFC Bank is a major stakeholder, holding a 94.64% stake.
HDFC Bank's target valuation is expected to be between ₹78,000-87,000 crore, which represents approximately 4.5 to 5 times Price to Book (P/B) ratio. Based on this valuation, we expect the price band to be in the range of ₹800-850. After this IPO, the bank may sell up to 10-15% of its stake, which could raise between ₹7,800-8,700 crore.
Now the question arises – while the planning for this IPO is complete, will this plan actually be executed? And if you want to see a detailed analysis video on HDB Financial, do comment below. Want to invest in HDB Financial Services Pre IPO? Watch
About HDB Financial Services Unlisted Shares:
HDB Financial Services (HDBFS) is a Non-Deposit taking Non-Banking Financial Company (NBFC) registered with Reserve Bank of India (RBI) as Investment and Credit Company (ICC). HDBFS is one the 15 NBFCs falling in Upper Layer under Scale Based Regulation for NBFCs for the year 2023-24.
HDBFS provides, collection, and insurance services in India. The company operates in two segments, Lending Business and BPO Services. It offers consumer loans, such as consumer durable, digital products, lifestyle products, auto, two-wheeler, gold, and personal loans to individuals; enterprise loans, including unsecured business, enterprise business, property, lease rental, and securities loans, as well as auto refinance services. The company also provides loans for the purchase of new and used commercial vehicles, construction equipment, and tractors, as well as refinancing services for existing vehicles.
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