As per the IPO, the fresh sale of shares will be Rs 2,500 crore, taking the total issue size to around Rs 12,500 crore. Earlier, HDFC Bank’s board of directors approved HDB Financial for listing.
The price and other details of the proposed initial public offering, which is the group’s first in six years, will be determined in due course.
HDB Financial’s listing follows new norms introduced by the country’s central bank in 2022 that required large non-banking financial companies (NBFCs) to list on stock exchanges by September 2025.
Proceeds from the IPO are likely to be used to expand its loan portfolio and improve digital infrastructure.
HDB Financial Services is a leading Non-Banking Financial Company (NBFC), primarily catering to the retail and commercial segments and offering a wide range of financial products and services. It specializes in secured and unsecured loans, asset financing, consumer loans and loans. against property. HDBFS has established itself as a trusted financial partner for individuals, small businesses and enterprises across India. The NBFC reported 17% year-on-year growth in its loan portfolio for FY23 to Rs 66,000 crore. The growth was driven by strong demand for personal loans, vehicle loans and small business financing. Meanwhile, the company’s net profit for FY23 stood at Rs 1,740 crore.
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