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HDB Financial gets Sebi's nod for ₹12,500-crore IPO
Mint Chennai
|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.
Dit verhaal komt uit de June 04, 2025-editie van Mint Chennai.
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