Loading...
Market
What will be the IPO price range of HDB Financial Services?
2
Resolution / Starting Odds
₹500 to ₹700 • 25%
₹701 to ₹900 • 25%
₹901 to ₹1100 • 25%
₹1101 and above • 25%
IPO prospectus and official announcements
Story
HDFC Bank Approves $1.5 Billion IPO for HDB Financial Services, ₹10,000 Crore OFS
Oct 19, 2024, 02:16 PM
HDFC Bank, India's largest private sector lender, has approved an initial public offering (IPO) for its subsidiary, HDB Financial Services. The IPO aims to raise up to 125 billion rupees ($1.5 billion). This move is expected to generate significant capital for HDFC Bank. The board has approved the Offer for Sale (OFS) of equity worth up to ₹10,000 crore from HDB Financials during the IPO. The issue size is anticipated to surpass that of Reliance Power and Zomato. HDFC Bank's CFO mentioned that the bank sees a pre-merger loan-to-deposit ratio in 2-3 years.
View original story
Similar markets
Yes • 50%
No • 50%
Less than 1 time • 25%
1 to 2 times • 25%
2 to 3 times • 25%
More than 3 times • 25%
Less than 50% • 25%
50% to 70% • 25%
70% to 90% • 25%
More than 90% • 25%
Less than $3 billion • 25%
$3 billion to $3.3 billion • 25%
$3.3 billion to $3.5 billion • 25%
More than $3.5 billion • 25%
Less than $5 billion • 25%
$5 billion to $10 billion • 25%
$10 billion to $15 billion • 25%
More than $15 billion • 25%
Below expected range • 25%
At lower end of range • 25%
At upper end of range • 25%
Above expected range • 25%
Below $5 billion • 25%
$5 billion to $10 billion • 25%
$10 billion to $15 billion • 25%
Above $15 billion • 25%
1-2 times subscribed • 25%
2-3 times subscribed • 25%
3-4 times subscribed • 25%
More than 4 times subscribed • 25%
Below $20 • 25%
$20 - $25 • 25%
$25 - $30 • 25%
Above $30 • 25%