Mumbai2 hours ago
- Copy link
The IPO of HDFC Bank’s non-banking subsidiary company HDB Financial Services Limited is opening on June 25. Investors will be able to do bidding by June 27 for this issue. Learn the entire details of IPO and how much money you can invest in it …
Question: What is the IPO size of HDB Financial Services?
answer: HDB Financial Services is planning to raise Rs 12,500 crore through IPO. This includes a new issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore, in which HDFC Bank will sell its stake.
Question: How many rupees can you bid for a share?
answer: The price band of the IPO has been fixed at Rs 700 to 740 per share. That is, you can buy shares at a maximum price of Rs 740. The face value of each share is 10 rupees.
Question: When will the IPO open and when will it be closed?
answer: The IPO will open on 25 June 2025 and will close on 27 June 2025. Anchor investors will be bidding on 24 June 2025.
Question: How much can I invest minimum in IPO?
answer: The IPO will have to buy a lot of at least 20 stocks. That is, retail investors will have to invest at least Rs 14,800 (20 shares x 740 rupees).
Question: For whom are the share in IPO?
answer: The IPO has 50% shares for qualified institutional buyers (QIB), 15% for non-institutional investors (NII), and 35% for retail investors. Apart from this, shares worth Rs 1,250 crore are reserved for HDFC Bank’s shareholders and Rs 20 crore share for the company employees.
Question: What will happen to the money raised from IPO?
answer: The company will use Rs 2,500 crore from the new issue to strengthen its Tier-1 capital and to give loans in future.
Question: What does HDB financial services do?
answer: The HDB, established in 2007, provides the Secure and Unsecured Loan. It has more than 1,680 branches across India. HDB Financial Services- Personal Loans, Gold Loans, Business Loans and Auto Loans also provide financial services. HDB Financial Services recorded a net worth of about Rs 13,300 crore in the June quarter.
Question: How is the company’s financial condition?
answer: In 2024, the company’s revenue was Rs 14,171.12 crore and NET profit was Rs 2,460.84 crore, which is more than 2023. By September 2024, its loan portfolio increased by 22% annually and reached Rs 1.02 lakh crore.
Question: When will the shares be listed?
Answer: Allotment of shares will be finalized on 30 June 2025. Share credit in refund and demat account will be held on 1 July 2025. Shares are expected to be listed on BSE and NSE on 2 July 2025.