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HDB Financial gets Sebi's nod for ₹12,500-crore IPO
Mint Mumbai
|June 04, 2025
At $1.5 billion, it would be the largest IPO by a non-bank financial company in India
DB Financial Services Ltd, owned by HDFC Bank Ltd, has received the capital markets regulator's approval for a ₹12,500-crore initial public offering.
The non-bank financier filed its draft red herring prospectus (DRHP) on 30 October, comprising a fresh issue of up to ₹2,500 crore and an offer for sale of up to ₹10,000 crore. The Securities and Exchange Board of India issued an observation letter to the lender on 28 May.
The final set of Sebi observations is essentially an in-principle approval for the IPO, according to market participants. Typically, after a company files its DRHP, the regulator responds within 45 days. However, in this case, Sebi took about seven months.
Esta historia es de la edición June 04, 2025 de Mint Mumbai.
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