The parent firm hdfc bank, which holds a 94.6 per cent in HDB Financial Services Ltd, Will Sell Shares Worth 10,000-crore via an offer-for-Saale (ofs) as part of the ipo. This is the HDFC Bank Group’s First Public Float in Six Years.
Existing sharehlders will also sell some stake in the IPO via an offer for sale, the firm said in an exchange filing, without specifying details.
HDB Financial Services IPO Details
HDB Financial Services IPO will be a combination of a fresh issue and an ofs with its total issue size at 12,500 Crore. According to HDFC Bank, The Upcoming HDB Financial Services IPO will be for such number of equity shares of face value of 10 Each, Aggregating up to 12,500 Crore Comprising a Fresh issue of 2,500 Crore and the ofs aggregating up to 10,000 Crore.
Accordingly, the IPO will be for such number of equity shares of face value of 10 each of hdbfs aggregating up to 12,500 Crore Comprising of a Fresh issue of Such Number of Equity Shares of Face Value of 10 each of hdbfs aggregating up to 2,500 Crore and an of Such Number of Equity Shares of Face Value of 10 each of hdbfs aggregating up to 10,000 Crore, “said hdfc bank in a regulatory filing to the stock exchanges
“The price and other details of the proposed iPo will be determined in due course by the comment body. Compliance with the provisions of the application, “Added HDFC Bank.
HDB Financial Services Details
Incorporated in 2007, HDB Financial Services Provides secured and unsecred loans and have more than 1,680 branches account India. HDB Financial Services Closed the June Quarter with a Net Worth of About R 13,300 Crore. The listing of the NBFC follows the Central Bank’s New Norms. The decision to list HDB Financial Services Follows The Reserve Bank of India (RBI)
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