HDB Financial Services likely to launch Rs 12,500-cr IPO by June-end; valuation pegged at around Rs 62k cr

HDB Financial Services Set to Launch Rs 12,500-Cr IPO by June-End at Rs 62,000-Cr Valuation.

Expert Analysis :

• IPO Timeline: HDB Financial Services filed its updated draft red herring prospectus (UDRHP) and plans to open its IPO from June 25 to June 27.

• Valuation Target: The IPO is expected to target a post-money valuation of $7.2 billion (Rs 62,000 crore) at the upper end of the price band.

• Issue Structure: The IPO includes a fresh issue of Rs 2,500 crore and an offer for sale of Rs 10,000 crore by HDFC Bank, which holds 94.3%.

• Use of Proceeds & Compliance: Proceeds are expected to be used to strengthen Tier-1 capital for onward lending, aligning with RBI’s September 2025 listing mandate.