HDFC Bank-promoted HDB Financial Services is set to launch its IPO on Wednesday, June 25, which shall be sold in the range of Rs 700-740 apiece with a lot size of 20 shares and in its multiples.

HDB Financial Services Limited plans to launch an IPO on June 25, 2025, raising ₹12,500 crore to boost its capital base. The IPO will reduce HDFC Bank's stake.

HDFC Bank-promoted HDB Financial Services is launching its IPO from June 25, to June 27. The issue priced between Rs 700-740 apeice with a lot size of 20 shares.

As the NSDL IPO is entirely an OFS, the net proceeds of the upcoming IPO will go into the balance sheet of IDBI Bank, HDFC Bank and SBI instead of the NSDL balance sheet.

HDFC Bank-promoted HDB Financial Services is set to launch its IPO on Wednesday, June 25, which shall be sold in the range of Rs 700-740 apiece with a lot size of 20 shares and in its multiples.