Is HDB Financial Services listed at Stock Exchange?

HDB Financial Services FAQs No Comments

No, HDB Financial Services is not listed on the stock exchange. 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 offer for sale (OFS) of 1,21,64,400 equity shares with a 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.

HDB financial services limited was incorporated in 2007, which offers a wide range of secured and unsecured loans to customers and BPO services. As of now, it has more than 1300 branches across 24 states and 3 union territories. It has a digital platform which enables its customers to have easy access to its products and Services.

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