HDB Financial IPO: 1,250 CR Quota for shareholders of HDFC Bank – How much bid can you make here

HDFC Bank’s NBFC subsidiary HDB Financial Services has reserved quota for its existing shareholders in the upcoming initial public offering running (IPO). The current shareholders will pay Rs. At least 20 shares up to 14,800 and a maximum of 260 shares can subscribe to 1,92,400. Applications can be made in multiplication of 20 shares or 1 lot.

According to the Red Harring Prospectus (RHP) filed by the company, in the case of existing shareholders, there is an allotted offer of equity shares worth Rs 1,250 crore.

Speaking of retail investors, bids can be made for at least 20 shares and a maximum of 260 shares.

HDB Financial Rs. A public issue of Rs 12,500 crore will open for a subscription on Tuesday, June 25 and closed on Thursday, June 27. The company has fixed a price band at Rs 700-740 per share, with an EP 42% discount in its current evaluation in the original market, which has surprised the street. At the top of the price band, the market capitalization of non-banking financial company will be around Rs 58,889 crore.

The anchor book will open a day earlier, June 24. The allocation is expected to be finalized on June 30, while the refund and share credit are scheduled on July 1. The stock will list the exchanges on July 2.

HDB Financial IPO GMP

Shares of HDB Financial are commanding a gray market premium (GMP) of 74 74, with a high price band of Rs 740. The estimated list price of HDB Financial IPO is Rs 814, which is 10%premium.

HDB Financial will mark the largest public offering fur in 2025 and the largest after Hyundai Motor India’s 27,000 crore points last year.

In this offer, Parent HDFC Bank for sale of 10,000 crore offer fur (OFS) and Rs. There is a new issue of Rs 2,500 crore. HDFC Bank currently holds.694..6% of the company and is expected to significantly reduce its post -shareholding list, corresponding to regulatory and capital Optim ptimization goals.

For small non-institutional investors (14 lots) in the high net-worth individual (HNI) category, at least Rs.

Global and domestic investment bank consortiums, including Bofa Securities India, Goldum Sach (India), Morgan Stanley India, JM Financial and Motilal Oswal, are working as book-run lead managers for the issue. MUFG Intime is the Registrar of India (Link Intime).

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