HDFC Bank share price: Shares of HDFC Bank Ltd surged on Friday, June 20, after its subsidiary HDB Financial Services announced that its initial public offering will be open for subscription from June 25 to June 27.
HDFC Bank holds a 94.36% stake in HDB Financial Services. The initial share sale has reserved a portion for eligible HDFC Bank shareholders.
HDFC Bank share price
The stock rose 1.31% to ₹1,960.6 per share at 2:12 pm on the National Stock Exchange. The company has a market capitalisation of ₹15,03,371.15 crore.
HDB Financial Services Ltd on Thursday filed its red herring prospectus (RHP) with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad to launch its public issue, HDFC Bank said in a regulatory filing on Thursday.
“We wish to inform you that HDB Financial Services Ltd has filed a red herring prospectus with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad on June 19, 2025 in respect of its initial public offering of equity shares of face value of ₹10 each, comprising a fresh issue of equity shares aggregating up to ₹25,000.0 million and an offer for sale of equity shares aggregating up to ₹100,000.0 million by HDFC Bank Ltd, the promoter of the company,” it said. According to the RHP, the ₹12,500-crore HDB Financial Services IPO with a price band of ₹700 to ₹740 per share has a fresh issue component of ₹2,500 crore and an offer for sale or OFS of ₹10,000 crore by promoter HDFC Bank. The minimum application size is 20 shares for ₹14,800 (cut-off price).
Half of the offer has been reserved for qualified institutional buyers, 35% for retail investors and 15% for non-institutional investors.
The capital raised will be used to strengthen the NBFC’s Tier-I capital base for future capital needs.
The company’s equity shares will be listed for the first time on NSE and BSE on July 2.
