In order to reach its goal of a valuation of between $7 and $8 billion, the IPO is anticipated to involve both new capital and secondary sales.
In short, by December or the end of the fiscal year, HDFC Bank plans to launch HDB Financial Services as an initial public offering. The IPO’s draft offer documents will be submitted shortly.
✍️HDB Financials
— Dr Vismaya VR ✨Special 26✨ (@Vismaya9999) April 5, 2024
HDFC Bank holds 94.7% in HDB Financial Services and is looking to divest 10 % stake in the IPO. The issue size ranging from 87,500 - 10,000 crore
HDB's IPO must list before September 2025 to adhere to RBI regulations.#HDB pic.twitter.com/BuyRljkI9t