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HDFC unit may soon get Sebi's go-ahead for $1.5-billion IPO
Financial Express Lucknow
|May 28, 2025
HDB Financial Services is close to securing the go-ahead from the Securities and Exchange Board of India (Sebi) for its initial public offering (IPO), according to people familiar with the plan, which would allow the shadow lender to launch one of the country's biggest listings this year.
The markets regulator's approval is set to be made public in the coming weeks, the people said, asking not to be named.
The company is making plans to kick off the process of engaging with prospective investors next month, one of the people said.
Sebi didn't respond to an email seeking comment and a call to HDB Financial went unanswered.
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