HDB Financial Services is planning an initial public offering (IPO) through the book-building process with a total issue size of ₹12,500 crore. The IPO will comprise a fresh issue of shares worth ₹2,500 crore and an offer for sale (OFS) of ₹10,000 crore by existing shareholders. As of now, the company has not announced the exact IPO opening and closing dates, nor has it disclosed the price band or lot size for investors. The allotment date and listing timeline are also yet to be confirmed. Once launched, this IPO is expected to be one of the significant listings in the Indian financial sector, given HDB Financial’s strong market presence and its association with HDFC Bank.

HDB Financial Services, established in 2007, is a rapidly growing, diversified, retail-focused non-banking financial company (NBFC) categorized as an Upper Layer NBFC in India. The company offers a broad portfolio of lending products across three key segments: Enterprise Lending, Asset Finance, and Consumer Finance. It primarily serves salaried individuals, self-employed professionals, business owners, and entrepreneurs—especially those from low- to middle-income backgrounds who may have limited or no credit history. With a mission to extend financial access to underserved and underbanked communities, HDB Financial has built one of the fastest-growing customer bases in the country, serving over 17.5 million customers. The company emphasizes strong customer service and technological innovation to meet diverse financial needs efficiently. As of now, it operates a wide-reaching network of 1,772 branches across 1,162 towns in 31 States and Union Territories across India.

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