HDFC Bank Approves IPO for HDB Financial Services: $7–8 Billion Valuation Expected
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HDFC Bank Approves IPO for HDB Financial Services: $7–8 Billion

  • IPO size: The IPO is expected to raise a total of Rs 4,000 crore, with Rs 2,500 crore coming from a fresh equity issuance and the remaining Rs 1,500 crore from an offer-for-sale (OFS) by existing shareholders.
  • Valuation: The offering is expected to fetch a valuation of approximately $7–8 billion.
  • Listing timeline: The IPO is expected to be listed by December or by the close of the current financial year.
  • Bankers: HDFC Bank is currently in the process of selecting bankers for the IPO.