Does HDB Financial Services have an IPO?

HDB Financial Services FAQs No Comments

No, currently HDB Financial Services doesn’t have an IPO. However, the unlisted shares of the company are being traded in the unlisted market. If you want to invest in HDB Financial Services unlisted shares and enjoy the benefits of early stage investment, you can do the same from our platform UnlistedZone. From the UnlistedZone website or app you can buy and sell unlisted shares. We are a leading brokerage firm in unlisted space trusted by thousands of customers with Rs. 300+ crore transactions in the last three years.

The company was about to bring its IPO but on 6 August, 2021 it was reported that HDFC bank had decided to suspend the IPO of its subsidiary company HDB Finance. Previously, the company aimed to raise Rs. 8,600 crore. The IPO was an entirely offer for sale (OFS) of 1,21,64,400 equity shares with the face value of Rs. 10 per equity share. According to Moneycontrol, the IPO of HDB Finance Services and HDFC Securities depends on the merger of these two subsidiaries with parent company HDFC Ltd.

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