HDB Financial Services IPO Set To Open June 25, Anchor Bidding On June 24

Image Source : News18

HDB Financial Services, a leading non-banking financial company (NBFC) and subsidiary of HDFC Bank, is set to launch its highly anticipated initial public offering (IPO) in the final week of June 2025. The anchor investor bidding window will open on Tuesday, June 24, followed by the public subscription period from June 25 to June 27. The IPO is expected to be one of the largest in the NBFC space, with a total issue size of Rs 12,500 crore.

Key highlights of the IPO timeline and structure

- Anchor investor bidding date: June 24, 2025
- IPO opens for public subscription: June 25, 2025
- IPO closes: June 27, 2025
- Total issue size: Rs 12,500 crore, comprising a fresh issue of Rs 2,500 crore and an offer for sale (OFS) of Rs 10,000 crore by HDFC Bank
- The IPO is being launched in compliance with RBI’s mandate requiring upper-layer NBFCs to be listed by September 2025

Strategic context and financial positioning

- HDB Financial is targeting a post-money valuation of approximately Rs 62,000 crore (USD 7.2 billion) at the upper end of the price band
- The company operates through 1,680 branches across India and serves over 17.5 million customers
- Its loan book is well-diversified across enterprise lending, asset finance, and consumer finance, with a strong focus on retail and SME segments
- HDB reported a net profit of Rs 2,460 crore in FY24, up from Rs 1,959 crore in FY23, reflecting robust earnings growth

Market expectations and investor sentiment

- The IPO is expected to attract strong interest from institutional and retail investors, given HDB’s strong parentage, diversified portfolio, and consistent financial performance
- The listing will help HDFC Bank comply with regulatory norms while unlocking value from its NBFC arm
- Analysts anticipate healthy subscription levels, with early grey market activity indicating positive sentiment

Future outlook

With its IPO launch, HDB Financial Services is poised to become a publicly listed entity while continuing to operate as a key subsidiary of HDFC Bank. The offering marks a significant milestone in India’s financial services landscape and is expected to set the tone for other large NBFC listings in the coming quarters.

Sources: Moneycontrol, CNBC TV18, India Today, IPO Central, HDB Financial Services official filings.