New Delhi: HDFC Bank unit HDB Financial Services is a big draw in the unlisted securities market ahead of its IPO launch. HDFC Bank is seeking a Rs 78,000-87,000 crore valuation for its NBFC unit. HDB Financial Services’ unlisted share price stood at Rs 1,000 apiece as of date. The stock surged to Rs 1,450 apiece in October and is floating around Rs 1,295 per share levels.
HDB Financial Services IPO listing was made necessary in line with RBI’s rules for upper-layer NBFCs which were floated in 2022. HDB Financial Services was named as one of the upper-layer entities by the central bank. HDCB Financial Services must be listed on the exchanges by September 2025, according to RBI’s rules.
HDB Financial Services IPO expected size
HDB Financial Services’ IPO is expected to raise Rs 12,500 crore. The IPO is expected to comprise an offer for the sale of shares as well as a fresh issuance, Moneycontrol reported. While HDFC Bank will sell shares worth Rs 10,000 crore, HDB Financial Services will issue fresh equity worth Rs 2,500 crore.
All about HDB Financial Services
HDB Financial is a lending company that offers business process outsourcing services. The company engages with both individuals as well as companies. HDB Financial offers BPO services such as:
| S. No. | Services offered |
| 1 | Form verification |
| 2 | Document verification |
| 3 | Finance and accounting services |
| 4 | Correspondence management |
| 5 | Front office services |
The NBFC is rated AAA by rating agencies CARE and CRISIL for its long-term debt and bank facilities. The company operates over 1,700 branches pan-India. HDB Financial Services reported a 17 per cent rise in its loan book to Rs 66,00 crore during FY23. The company’s revenue stood at Rs 14,171 crore on an annual basis in FY24 from Rs 12,402 crore in the year-ago period. HDB Financial Services’ net profit rose to Rs 2,460 crore in FY24 from Rs 1,959 crore in the year-ago period.
HDFC Bank share price history
HDFC Bank’s share price was down 381 per cent in the past 5 days and 0.44 per cent in the past month. The company’s stock jumped 15.90 per cent in the past 6 months. Over the past year, HDFC Bank’s stock price jumped 12.20 per cent, according to NSE data.
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