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  1. HDFC Bank share price climbs after HDB Financial Services IPO opens for subscription

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HDFC Bank share price climbs after HDB Financial Services IPO opens for subscription

Upstox

2 min read | Updated on June 25, 2025, 14:51 IST

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SUMMARY

HDFC Bank share price: HDB Financial IPO comprises a fresh capital raise of ₹2,500 crore and an offer for sale component of ₹10,000 crore by the promoter, HDFC Bank.

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HDFC Bank holds a 94.36% stake in non-banking financial company (NBFC) HDB Financial Services. | Image: Shutterstock

HDFC Bank holds a 94.36% stake in non-banking financial company (NBFC) HDB Financial Services. | Image: Shutterstock

HDFC Bank share price: Shares of India's largest private lender HDFC Bank Ltd rose on Wednesday, June 25, as the initial public offering of its subsidiary, HDB Financial Services, opened for public subscription.
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The stock climbed 1% to ₹1,981 apiece on the National Stock Exchange (NSE) at 2:50 pm.

HDFC Bank holds a 94.36% stake in non-banking financial company (NBFC) HDB Financial Services.

HDB Financial Services IPO

The ₹12,500-crore initial public offering (IPO) will conclude on June 27. It has set a price band of ₹700 to ₹740 per share, and the application size is 20 shares.

The firm is valued at ₹61,400 crore at the upper price band.

The initial share sale consists of a fresh capital raise worth ₹2,500 crore and an offer for sale component of ₹10,000 crore by promoter HDFC Bank.

The money generated will be used for strengthening its Tier-I capital base to support future capital needs to back business growth.

HDB Financial vs Bajaj Finance: How do the NBFCs stack up against each other?

Before the IPO, HDB Financial mobilised ₹3,369 crore from anchor investors like ICICI Prudential Mutual Fund (MF), SBI MF, Nippon India MF, Life Insurance Corporation of India, BlackRock, Allianz Global Investors, Morgan Stanley, Royal Bank of Canada, Prudential plc, Copthall Mauritius Investment, ICICI Prudential Life Insurance, APG Asset Management, Norway's Government Pension Fund Global, Goldman Sachs, Baillie Gifford, Schroder and Fidelity Investments, Societe Generale, Tata Investment Corporation and Abu Dhabi Investment Authority.

The company allocated more than 4.55 crore shares to 141 firms at ₹740 per share.

HDB Financial is an upper-layer NBFC and has over ₹1 lakh crore in assets under management.

The book-running lead managers of the issue are JM Financial, Goldman Sachs (India) Securities, BNP Paribas, BofA Securities India, HSBC Securities and Capital Markets (India) Pvt Ltd, Jefferies India, IIFL Securities, Morgan Stanley India Company, Nomura Financial Advisory and Securities (India) Pvt Ltd, Motilal Oswal Investment Advisors, Nuvama Wealth Management, and UBS Securities India.

HDB Financial shares are likely to be listed on the BSE and the NSE on July 2.

To learn more about IPOs, their listings, schedules, and upcoming IPOs, visit our page.
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