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Mumbai: The ₹12,500-crore IPO of HDB Financial Services, the arm of HDFC Bank, will open for subscription on June 25 at a price band of ₹700-740 per share.
The non-banking finance company (NBFC) has filed the Red Herring Prospectus (RHP) for the issue with the Registrar of Companies on Thursday, as per an exchange filing from the bank.
The issue will close on June 27. Anchor investors will bid for the shares on June 24.
The offer will consist of a fresh issue of shares worth ₹2,500 crore, and an offer for sale of shares of ₹10,000 crore from the promoter - HDFC Bank.
The issue - the largest by an NBFC - will also be the largest IPO in India since Hyundai Motor India's ₹27,870 crore offering in October last year.
The lender posted a consolidated profit after tax of ₹2,175.9 crore in FY25 against ₹2,460.8 crore in FY24. The consolidated revenue from operations went up to ₹16,300.3 crore from ₹14,171.1 crore a year ago.
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