· Price Band fixed at ₹ 700 to ₹ 740 per Equity Share of face value of ₹ 10 each (“Equity Share”).
· The Floor Price is 70 times the face value of Equity Shares and the Cap Price is 74times the face value of the Equity Shares. Bid for 20 Equity Shares and in multiples of 20.
· Bid /Offer will open on Wednesday, June 25, 2025 and close on Friday, June 27, 2025. The Anchor Investor Bidding Data Shall be Tuesday, June 24, 2025.
Chandigarh: HDB Financial Services Limited (“HDB Financial” or “The Company”) shall open its Bid / Offer in relation to its initial public offer of Equity Shares on Wednesday, June 25, 2025.
The Anchor Investor Bidding Date shall be Tuesday, June 24, 2025. The Bid/Offer will close on Friday, June 27, 2025. Bids can be made for a minimum of 20 Equity Shares and in multiples of 20 Equity Shares thereafter. (“Bid Details”)
The Price Band of the Offer has been fixed at ₹ 700 to ₹ 740 per Equity Share.
The total offer size of equity shares with face value ₹ 10 each aggregating up to ₹ 125,000 million [₹ 12,500 crore] comprises of fresh issue of equity shares aggregating up to ₹ 25,000 million [₹ 2,500 crore] and Offer for sale of equity share aggregating up to ₹ 100,000 million [₹ 10,000 crore] . (“Total Offer Size”)
The Company proposes to utilize the net proceeds from the fresh issue towards augmenting Company’s Tier – I Capital base to meet Company’s future capital requirements including onward lending under any of the Company’s business verticals i.e. Enterprise Lending, Asset Finance and Consumer Finance. Further, a portion of the proceeds from the Fresh Issue will be used towards meeting Offer Expenses. (“Objects of the Offer”)
The offer for sale of equity share capital comprises aggregating up to ₹ 1,00,000 million [₹ 10,000 crore] by HDFC Bank Limited (“Promoter Selling Shareholder”). (“Offer for sale”)
The Equity Shares will be offered through the Red Herring Prospectus of the Company dated June 19, 2025 filed with Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad (“RoC”). The equity shares are proposed to be listed on the Stock Exchanges being BSE Limited (“BSE”) and National Stock Exchange of India Limited (“NSE”, and together with BSE, the “Stock Exchanges”). For the purposes of the Offer, NSE is the Designated Stock Exchange.
