Indbank Merchant Banking Services Limited.

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News Details

( As on 20/06/2025 18:30)

HDB Financial Servic announces launch of initial public offering

HDB Financial Services Ltd. has announced public offering of 168918919 shares at a price of Rs 10.00 each for Cash at a Premium of Rs 730.00 per share. The gross proceeds of the issue are expected to be Rs 12,50,000.00 lakhs.

The company's initial public offer (IPO) will open on 25 June 2025 and is expected to close on 27 June 2025, subject to customary closing conditions. The price band of the issue has been fixed at Rs 700.00-740.00 per share.

The IPO includes a fresh Issue of 168918919 Equity Shares of the Company at an price of Rs 740.00 per Equity Share. The company has fixed the minimum bid lot for the issue at 20 shares with bids in multiples of 20.

HDB Financial Services Ltd. anticipates using the proceeds of the issue for .

HSBC SECURITIES AND CAPITAL MARKETS (I) PVT LTD,UBS Securities India Private Limited.,Nomura Financial Advisory and Securities (India) P,Goldman Sachs India (Securities) Pvt. Ltd.,JM Financial Ltd.,Motilal Oswal Investment Advisors Limited,BofA Securities India Limited,IIFL Capital Services Limited,Nuvama Wealth Management Ltd.,BNP Paribas,Jefferies India Pvt. Ltd.,Morgan Stanley India Company Pvt. Ltd. as lead manager(s) & MUFG Intime India Pvt. Ltd. is the registrar, to the issue.