1,495% Return! HDFC Bank Set to Make a Windfall On ₹ 10,000 Crore Stake Sale in HDB Financial IPO

HDB Financial IPO: The Indian Stock Market is Abuzz in Antiicipation of a mega 12,500 Crore Initial Public Offer (IPO) of HDB Financial Services, A Subsidian of HDFC Bank.

HDB Financial, an upper-layer non-banking finance company (NBFC), will launch its iPo next week on June 25, wherein the promoter hdfc bank is looking to of 10,000 Crore. The remaining 2,500 Crore will be raised via the fresh share sale.

HDB Financial IPO Price Band Declared Earlier Today in the range of 700-740 Apiece, also promise Strong Returns from HDFC Bank. According to Mint’s Calculation, HDFC Bank Stands to Make a Return of 1,495% Considering The Acquisition Price of India’s Biggest Private Private Lender and the upper end of HDB Financial IPO ” 740.

According to the Red Herring Prospectus Filed by HDB Financial Services, The Weighted Average Cost of Accquisition by HDFC Bank in the NBFC Arm WAS 46.4 per share. At present, HDFC Bank Holds A 94.36 per cent stake in HDB Financial Services.

The decision to list HDB Financial Services Follows The Reserve Bank of India’s Mandate in October 2022, Requiring NBFCs in the upper Lyer to list on the stock expenses with exchanges with.