HDFC Bank is gearing up for the much-anticipated IPO of its subsidiary, HDB Financial Services, possibly in late 2024 or early 2025. The IPO, expected to be one of the year's largest, may see a 10% stake sale valued between ₹7,500 crore to ₹10,000 crore.
HDB Financial, valued at roughly ₹65,690 crore currently, aims to comply with RBI norms mandating NBFCs' listing by September 2025. With robust financials and strong parentage, expectations are high for HDB's successful market debut.