Hot Deals:
ador powertron 500.00 amol minechem 601.00 (0.17 %) anglo french drugs 950.00 (2.15 %) anugraha valve 510.00 (0.99 %) apl metals 40.00 (-2.44 %) apollo fashion 96.00 (-1.03 %) arkfin investments 50.00 arohan 250.00 (-1.96 %) assam carbon 310.00 (-1.59 %) avalokiteshvar 242.00 (0.83 %) axles india 680.00 (0.74 %) balmer lawrie 200.00 (-0.99 %) bharat hotels 375.00 (-1.32 %) bima mandi 235.00 (-2.08 %) bira 545.00 (-0.91 %) blsx limited 35.00 (2.94 %) boat 1,550.00 (-1.90 %) c & s electric 1,070.00 (1.90 %) cable corporation 24.00 (4.35 %) capgemini 14,900.00 (-0.67 %) care health 185.00 (-1.60 %) carrier aircon 550.00 (0.92 %) cial 475.00 (-1.04 %) csk 198.00 (-0.50 %) dalmia refract 270.00 (-1.82 %) dfm foods 467.00 dsp merrill lynch 1,000.00 east india pharma 39.00 (-2.50 %) eaton fluid 445.00 (1.14 %) electronica plastic 4,500.00 (2.27 %) elgi ultra 400.00 elofic industries 2,850.00 (1.79 %) esl steel 42.00 (-2.33 %) fincare business 87.00 (1.16 %) fincare sfbl 205.00 (1.49 %) finopaytech limited 150.00 (-5.06 %) flipkart india 231,001.00 (0.00 %) frick india 3,500.00 (-1.41 %) gkn driveline 1,750.00 (2.94 %) goodluck defence 299.00 (-1.97 %) group pharma 300.00 gynofem healthcare 59.00 (-1.67 %) hazira cargo terminals limited 205.00 (1.49 %) hdb financial 1,240.00 (-0.80 %) hdfc ergo 370.00 (1.70 %) hdfc securities 11,300.00 (-2.59 %) hella india 900.00 (-2.17 %) hero fincorp 1,980.00 (-0.50 %) hexaware 985.00 (-0.51 %) hicks 1,600.00 (1.59 %) hira ferro 200.00 (2.56 %) honeywell electrical 7,100.00 (1.43 %) ikf finance 320.00 (-3.03 %) incred financial 10.00 (1.01 %) incred holdings 156.00 (-1.27 %) india carbon 1,120.00 (-1.32 %) india exposition 121.00 (0.83 %) indian potash 3,100.00 (-1.59 %) indian seamless 195.00 (2.63 %) indo alusys 25.75 (-0.96 %) indofil 1,430.00 (-0.69 %) infinite computer 405.00 (1.25 %) inkel 22.50 (-2.17 %) jana small finance bank 75.00 kel 575.00 (0.88 %) kial 138.00 (-0.72 %) klm axiva 15.50 (3.33 %) kurlon limited 1,275.00 (1.59 %) lava 45.00 (-2.17 %) mahindra rural mrhfl 100.00 manipal housing 74.00 (2.07 %) manjushree technopack 875.00 (0.57 %) martin & harris 850.00 (-2.30 %) matrix gas 830.00 (-1.19 %) merino 3,250.00 (-1.52 %) minosha 282.00 (0.71 %) mitsubishi heavy 207.00 (-0.48 %) mkcl 435.00 (1.16 %) mobikwik 640.00 (-1.54 %) mohan meakin 2,350.00 (2.17 %) mohfl 13.50 (-1.82 %) msei 1.80 (-2.70 %) msil 34.00 (3.03 %) nayara energy 680.00 (-1.45 %) nayara energy ncd 320.00 (1.59 %) ncdex 202.00 (-2.88 %) ncl buildtek 310.00 (-3.13 %) ncl holdings 106.00 (0.95 %) nsdl 850.00 (3.03 %) nse india 1,900.00 (1.33 %) onix renewable 12,000.00 (4.35 %) orbis financial 405.00 (-1.22 %) oswal minerals 60.10 (-1.48 %) otis elevator 4,100.00 (2.50 %) oyo rooms 54.00 (-1.82 %) panasonic appliances 262.00 (0.77 %) paymate india 500.00 (-1.96 %) pharmeasy 8.50 (3.03 %) pharmed limited 620.00 (0.81 %) philips domestic 675.00 (-1.46 %) philips india 930.00 (1.64 %) pnb metlife 70.00 proyuga adtech 25.00 purity flexpack 20.00 ramaraju surgical 265.00 (1.92 %) rapido 16,650.00 (0.03 %) rasoi 82,000.00 (2.50 %) reliance gic 480.00 (-2.04 %) resins plastics 525.00 (-0.94 %) ring plus aqua 560.00 (1.82 %) rrp s4e innovation 320.00 (-1.54 %) sab miller 530.00 (1.92 %) sbi amc 2,650.00 (-1.12 %) sbi general insurance 621.00 (0.16 %) scottish assam 505.00 (1.00 %) shriram life 261.00 (0.38 %) sigachi laboratories 36.00 (-2.70 %) signify 1,350.00 (3.05 %) smile microfinance 51.00 (-1.92 %) sterlite grid 5 285.00 (3.64 %) sterlite power 590.00 (-1.67 %) studds 980.00 (3.16 %) svsml 315.00 (2.94 %) t stanes 800.00 (1.27 %) tata capital 910.00 (-0.55 %) trl krosaki 1,750.00 (-1.41 %) urban tots 64.00 (-1.54 %) utkarsh coreinvest 290.00 (-1.69 %) vikram solar 445.00 (-1.11 %) vivriti capital 1,040.00 (-0.95 %)

HDB Financial Services plans to commence the IPO process in the upcoming months

Leave a Comment / Unlisted Company / By

The Chief Financial Officer of HDFC Bank, Srinivasan Vaidyanathan, has indicated that the initial public offering (IPO) process for its non-banking arm, HDB Financial Services, plans to commence the IPO process in the coming months. He mentioned that the IPO listing requirement is targeted for September 2025, and preparations are underway to initiate the necessary activities to have flexibility in timing. Vaidyanathan also stated that the bank will proceed with filing the requisite paperwork with the Securities and Exchange Board of India (SEBI) and securing approval.

HDB Financial Services plans to commence the IPO process in the upcoming months

As of December 31, 2023, HDFC Bank holds a 94.7 percent stake in HDB Financial Services. In the October-December quarter of the financial year 2023-24, HDB Financial Services reported a profit of Rs 640 crore, an increase from Rs 500 crore in the previous year. The total loan book size of HDB Financial Services grew to Rs 84,000 crore from Rs 65,100 crore in the corresponding quarter last year.

 

In July 2022, the CEO of HDFC Bank, Sashidhar Jagdishan, mentioned that the IPO plans for HDFC Securities and HDB Financial Services would be contingent on the merger process. He stated that decisions regarding the IPOs would be considered after absorbing the merger directives from regulators, emphasizing that the timing would be evaluated post-merger completion. Jagdishan made these remarks during the bank’s 28th annual general meeting.

Leave a Comment

Your email address will not be published. Required fields are marked *