HDFC Bank Share Price Live Updates: HDFC Bank Volume Performance
28 May 2025 | 10:22:16 AM IST Welcome to the HDFC Bank Stock Liveblog, your go-to platform for real-time updates and analysis on a top-performing stock. Stay ahead of the market with our in-depth coverage of HDFC Bank, including: Last traded price 1921.6, Market capitalization: 1472746.58, Volume: 2719010, Price-to-earnings ratio 20.8, Earnings per share 92.51. Get a complete picture of HDFC Bank's performance through our comprehensive blend of fundamental and technical indicators. Stay informed about breaking news that can influence the stock's trajectory. Our liveblog equips you with the knowledge and insights needed to make confident investment decisions. Don't miss out on the latest updates as HDFC Bank continues to make waves in the market. The data points are updated as on 10:22:16 AM IST, 28 May 2025 Show more
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Indian Express
an hour ago
- Indian Express
HDB Financial Services IPO: Sebi gives nod for HDFC Bank unit's Rs 12,500 crore fundraise
HDFC Bank subsidiary HDB Financial Services Ltd has received regulatory approval from the Securities and Exchange Board of India (Sebi) for its much-anticipated Rs 12,500 crore initial public offering (IPO). The regulator also approved the IPOs of five other companies. The six IPOs together are slated to raise over Rs 20,000 crore. HDB Financial had earlier filed its draft red herring prospectus (DRHP), aiming to raise Rs 2,500 crore through a fresh issue and Rs 10,000 crore via offer for sale (OFS) by parent company HDFC Bank. This makes it one of the largest IPOs by a non-banking entity in the Indian capital market. HDFC Bank holds 94.36 per cent stake in HDB Financial Services, a non-banking financial company (NBFC). The company proposes to utilise the proceeds from the fresh issue to strengthen its Tier-I capital base. This will support future capital needs, including additional lending, to support business growth. Incorporated in 2007, HDB Financial Services provides secured and unsecured loans and has more than 1,680 branches across India. It closed the June quarter with a net worth of about Rs 13,300 crore. The decision to list HDB Financial Services follows the Reserve Bank of India (RBI)'s mandate in October 2022, requiring NBFCs in the upper layer to list on the stock exchanges. Sebi nod to 5 more IPOs Apart from HDB Financial, five more companies have received Sebi's go ahead to raise funds through IPOs. These include Vikram Solar, A-One Steels India, Shanti Gold International, Dorf-Ketal Chemicals, and Shreeji Shipping Global Ltd. These six firms, which filed their preliminary IPO papers with the markets regulator between October 2024 and January 25, 2025, obtained their observations during May 27-30, the Sebi update showed. Vikram Solar's IPO is a mix of fresh issue of shares up to Rs 1,500 crore and an OFS of up to 17.45 million shares by promoter and promoter group selling shareholders. Mumbai-based Dorf-Ketal Chemicals India has proposed to raise Rs 5,000 crore via IPO, which will be a combination of fresh issue of shares worth Rs 1,500 crore, and an OFS of Rs 3,500 crore worth shares by Menon Family Holdings, the promoter. It had filed draft red herring prospectus for its IPO on January 23 this year.
Mint
an hour ago
- Mint
HDB Financial gets regulator's nod for ₹12,500-crore IPO
HDB Financial Services Ltd, owned by HDFC Bank Ltd, has received the capital markets regulator's approval for a ₹ 12,500-crore initial public offering. The non-bank financier filed its draft red herring prospectus (DRHP) on 30 October, comprising a fresh issue of up to ₹ 2,500 crore and an offer for sale of up to ₹ 10,000 crore. The Securities and Exchange Board of India issued an observation letter to the lender on 28 May. The final set of Sebi observations is essentially an in-principle approval for the IPO, according to market participants. Typically, after a company files its DRHP, the regulator responds within 45 days. However, in this case, Sebi took about seven months. 'With these final observations in place, the company has a 12-month window to file its red-herring prospectus (RHP) and can launch the IPO anytime within that period,' said Vipin Singhal, director at Anand Rathi Investment Banking. While the IPO market is currently subdued, a number of deals are lined up and ready to go once market sentiment improves, Singhal added. So far this year, the Nifty 50 has risen just 3%. Parent HDFC Bank, which owns 94.32% of HDB Financial Services, will sell shares worth ₹ 10,000 crore via an offer for sale. Last week, Bloomberg reported that HDB Financial Services was nearing Sebi's approval for its IPO. The nod would allow the subsidiary of HDFC Bank, the country's largest private sector lender, to finally move forward with a deal that could raise up to $1.5 billion, following months of waiting for regulatory clearance. At $1.5 billion, it would be the largest IPO by a non-bank financial company (NBFC) in India and the biggest across sectors since Hyundai Motor India Ltd's $3.3 billion listing last year. South Korea's LG Electronics had planned to list its Indian unit in May but has reportedly delayed the IPO due to market volatility and valuation concerns. The $3.3-billion offering may now take place in the second or third quarter of the current fiscal year, depending on market conditions, as per reports. The proposed listing would also help HDB Financial Services meet a regulatory norm that mandated certain large non-bank financiers to go public. The Reserve Bank of India (RBI) in its 2021 guidelines said that upper-layer NBFCs must be listed within three years of being identified as one. The non-bank subsidiary of India's largest private lender HDFC Bank was among the 16 names listed by RBI in September 2022, effectively giving it time till September 2025 to get listed. RBI regulations classify NBFCs into four layers based on the size, activity and perceived risks. The upper layer comprises prominent names like Tata Sons Pvt, LIC Housing Finance Ltd and Shriram Finance Ltd. Established in 2007, HDB Financial has three primary verticals: enterprise lending, asset finance, and consumer finance. HDB Financial reported a net profit of ₹ 2,176 crore in FY25, down from ₹ 2,461 crore in the previous financial year. Its gross non-performing assets (NPA) ratio, though down from the highs seen three to four years ago, rose in 2024-25, showed data from its FY25 annual report. In FY25, the gross NPA — bad loans as a percentage of total loans — stood at 2.26% compared with 1.9% in FY24. 'With the economy projected to continue growing, the company, with its diversified product portfolio, broad reach through its network of branches across the country and its digital infrastructure, is cautiously optimistic in its outlook for FY 2025-26,' said its FY25 annual report. Mint reported in January that the markets regulator is examining a potential violation of the Companies Act by HDB Financial Services 17 years ago, as the non-bank lender prepares for a $1.5 billion initial public offering (IPO), citing three people aware of the matter. As per the report, Sebi found that the lender in 2008 issued shares to more than 50 employees of its parent HDFC Bank through a private placement. Under the Companies Act, issuing shares to more than 50 people is considered a public issue, requiring compulsory Sebi clearance. The status of this matter is not publicly available.
Time of India
2 hours ago
- Time of India
Six companies receive regulatory nod to issue IPO; HDB Financial to raise Rs 12,500 crore via fresh issue
Six companies, including HDB Financial Services—a subsidiary of HDFC Bank—and Vikram Solar, have received approval from the Securities and Exchange Board of India (Sebi) to raise funds through initial public offerings (IPOs), according to an update from the markets regulator on Tuesday. The other companies that secured Sebi's nod are A-One Steels India, Shanti Gold International, Dorf-Ketal Chemicals, and Shreeji Shipping Global Ltd. These firms had filed their draft red herring prospectuses (DRHPs) with Sebi between October 2024 and January 25, 2025. They received regulatory observations between May 27 and May 30, the update showed, as reported PTI. In Sebi terminology, receiving "observations" implies that the company has been granted permission to proceed with its public issue. HDB Financial Services' IPO comprises a fresh issue of equity shares worth Rs 2,500 crore and an offer-for-sale (OFS) of shares worth Rs 10,000 crore by its promoter, HDFC Bank, as outlined in its DRHP. Currently, HDFC Bank owns 94.36 per cent of HDB Financial Services, which operates as a non-banking financial company (NBFC). The company plans to use the proceeds from the fresh issue to enhance its Tier-I capital base, which will help support future capital requirements, including additional lending to fuel business growth. Vikram Solar's IPO will include a fresh issue of equity shares worth up to Rs 1,500 crore and an OFS of up to 17.45 million shares by the promoter and promoter group selling shareholders. Shares of all six companies are proposed to be listed on both the BSE and the NSE. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
