IPO

HDB FINANCIAL SERVICES LTD - EXPECTED IPO TIMELINE: LAST WEEK OF JUNE 2025 OR FIRST WEEK OF JULY 2025 - ISSUE SIZE: ₹12,500 CRORE - FRESH ISSUE: ₹2,500 CRORE - OFFER FOR SALE (OFS): ₹10,000 CRORE - RETAIL QUOTA: 35% - LEAD MANAGERS: JM FINANCIAL LIMITED, BNP PARIBAS, BOFA SECURITIES INDIA LIMITED, GOLDMAN SACHS (INDIA) SECURITIES PRIVATE LIMITED, AND OTHERS HDB Financial Services, a non-banking financial company (NBFC) and a wholly-owned subsidiary of HDFC Bank, has received SEBI's approval for its IPO. The company plans to utilize the proceeds from the fresh issue to strengthen its Tier-I capital base, supporting future growth and lending activities.