HDB Financial Services files prospectus for IPO

HDB Financial Services (HDBFS), a subsidiary of HDFC Bank, has officially filed its Red Herring Prospectus (RHP) with the Registrar of Companies, Gujarat, Dadra and Nagar Haveli at Ahmedabad on June 19, 2025. This action relates to the company's upcoming initial public offering (IPO) of equity shares. The IPO will comprise of a fresh issue of equity shares aggregating up to INR25,000.0 million, and an offer for sale of equity shares aggregating up to INR100,000.0 million by HDFC Bank Limited, the promoter of the company. The IPO includes a reservation for Eligible Employees and HDFC Bank Shareholders. The IPO opens on Wednesday, June 25, 2025 and closes on Friday, June 27, 2025. The Anchor Investor Bidding Date will be Tuesday, June 24, 2025. HDFC Bank (BSE: HDFCBANK) has disclosed this information to the stock exchanges, fulfilling its obligations under SEBI regulations.