Latest news with #HDBFinancial
Time of India
3 days ago
- Business
- Time of India
Sebi clears IPOs worth Rs 20k crore after listing lull
MUMBAI: There are strong signs that after a lull of a few months, companies will hit the street to raise funds from investors. Markets regulator Sebi on Tuesday said it cleared six IPOs aiming to raise more than Rs 20,000 crore in total, including the Rs 12,500-crore offer by HDB Financial, which will be the biggest such issue ever by an NBFC. The total amount to be raised by these six companies could increase substantially since, in three of the six offers, the offer for sale (OFS) components have been defined in terms of the number of shares to be sold and not in terms of the quantum of money, papers filed by these companies with Sebi showed. HDB Financial is an arm of HDFC Bank. In the IPO , the private sector lender is selling stocks worth Rs 10,000 crore through the OFS channel, while the balance of Rs 2,500 crore is a fresh issue that will accrue to the NBFC. The other large-size issue that Sebi cleared last week was the Rs 5,000-crore offer by Dorf-Ketal Chemicals. This IPO is also a combination of a fresh issue (Rs 1,500 crore) and an offer for sale (Rs 3,500 crore). The company is an R&D and innovation-focused global manufacturer and supplier of specialty chemicals across the hydrocarbons and industrial supply chains. Sebi also gave its nod to the offer by Vikram Solar, a solar photovoltaic modules manufacturer, through which it plans to raise Rs 1,500 crore. In addition, through the OFS route, its shareholders are also selling nearly 1.75 crore shares in this offer. The regulator also cleared three more offers: by A-One Steel (Rs 650 crore), Shanti Gold, and Shreeji Shipping, the last two being only OFS issues. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Economic Times
3 days ago
- Business
- Economic Times
Sebi approves HDB Financial, Vikram Solar among six IPOs
Sebi has approved IPOs of six companies from sectors like renewable energy, finance, steel, chemicals, jewelry, and logistics. Notable names include Vikram Solar, HDB Financial, and A-One Steels, reflecting a strong IPO pipeline and diversified market interest. Tired of too many ads? Remove Ads HDB Financial Services IPO A-One Steels India IPO Shanti Gold International IPO Tired of too many ads? Remove Ads Dorf-Ketal Chemicals IPO Shreeji Shipping Global IPO Capital markets regulator Sebi has recently granted approval to six companies for their initial public offerings (IPOs), signaling a robust pipeline in the Indian capital markets. These approvals span diverse sectors, including renewable energy, financial services, steel manufacturing, specialty chemicals, jewelry, and Vikram Solar, a leading solar energy solutions provider, received Sebi's nod on May 29. The company had filed its Draft DRHP in October last year. The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale (OFS) of up to 1.75 crore shares by existing shareholders. Vikram Solar specializes in manufacturing solar photovoltaic modules and providing engineering, procurement, and construction (EPC) services.A subsidiary of HDFC Bank, HDB Financial Services also secured Sebi approval after filing its DRHP in November last year. The IPO aims to raise Rs 12,500 crore, consisting of a fresh issue of Rs 2,500 crore and an OFS of Rs 10,000 crore by HDFC Bank. HDB Financial offers a range of secured and unsecured loans and operates through a network of over 1,680 branches across steel manufacturer A-One Steels filed its DRHP in January 10 this year. The IPO includes a fresh issue of Rs 600 crore and an OFS of Rs 50 crore. The company is known for producing a diverse range of long and flat steel products and holds a significant position in Southern India's steel Shanti Gold International specialises in jewelry manufacturing. The IPO consists of a fresh issue of up to 1.81 crore equity shares with a face value of Rs 10 each. Shanti Gold focuses on crafting a variety of gold jewelry pieces, catering to both domestic and international Chemicals, a specialty chemicals manufacturer based in Kachchh, Gujarat, received Sebi approval on May 27 after submitting its DRHP early this year. The IPO aims to raise Rs 5,000 crore, comprising a fresh issue of Rs 1,500 crore and an OFS of Rs 3,500 crore. The company serves various industries, including oil and gas, refining, and petrochemicals, with its innovative chemical Shreeji Shipping Global's IPO consists entirely of a fresh issue of 2 crore equity shares with a face value of Rs 10 each. Shreeji Shipping provides shipping and logistics solutions for dry bulk cargo across ports in India and Sri Lanka, operating a fleet of over 75 vessels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
Time of India
3 days ago
- Business
- Time of India
Sebi approves HDB Financial, Vikram Solar among six IPOs
Sebi has approved IPOs of six companies from sectors like renewable energy, finance, steel, chemicals, jewelry, and logistics. Notable names include Vikram Solar, HDB Financial, and A-One Steels, reflecting a strong IPO pipeline and diversified market interest. Tired of too many ads? Remove Ads HDB Financial Services IPO A-One Steels India IPO Shanti Gold International IPO Tired of too many ads? Remove Ads Dorf-Ketal Chemicals IPO Shreeji Shipping Global IPO Capital markets regulator Sebi has recently granted approval to six companies for their initial public offerings (IPOs), signaling a robust pipeline in the Indian capital markets. These approvals span diverse sectors, including renewable energy, financial services, steel manufacturing, specialty chemicals, jewelry, and Vikram Solar, a leading solar energy solutions provider, received Sebi's nod on May 29. The company had filed its Draft DRHP in October last year. The IPO comprises a fresh issue of equity shares aggregating up to Rs 1,500 crore and an offer for sale (OFS) of up to 1.75 crore shares by existing shareholders. Vikram Solar specializes in manufacturing solar photovoltaic modules and providing engineering, procurement, and construction (EPC) services.A subsidiary of HDFC Bank, HDB Financial Services also secured Sebi approval after filing its DRHP in November last year. The IPO aims to raise Rs 12,500 crore, consisting of a fresh issue of Rs 2,500 crore and an OFS of Rs 10,000 crore by HDFC Bank. HDB Financial offers a range of secured and unsecured loans and operates through a network of over 1,680 branches across steel manufacturer A-One Steels filed its DRHP in January 10 this year. The IPO includes a fresh issue of Rs 600 crore and an OFS of Rs 50 crore. The company is known for producing a diverse range of long and flat steel products and holds a significant position in Southern India's steel Shanti Gold International specialises in jewelry manufacturing. The IPO consists of a fresh issue of up to 1.81 crore equity shares with a face value of Rs 10 each. Shanti Gold focuses on crafting a variety of gold jewelry pieces, catering to both domestic and international Chemicals, a specialty chemicals manufacturer based in Kachchh, Gujarat, received Sebi approval on May 27 after submitting its DRHP early this year. The IPO aims to raise Rs 5,000 crore, comprising a fresh issue of Rs 1,500 crore and an OFS of Rs 3,500 crore. The company serves various industries, including oil and gas, refining, and petrochemicals, with its innovative chemical Shreeji Shipping Global's IPO consists entirely of a fresh issue of 2 crore equity shares with a face value of Rs 10 each. Shreeji Shipping provides shipping and logistics solutions for dry bulk cargo across ports in India and Sri Lanka, operating a fleet of over 75 vessels.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
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Business Standard
27-05-2025
- Business
- Business Standard
HDB Financial Services likely to get Sebi nod for $1.5 billion IPO
By Chiranjivi Chakraborty, Baiju Kalesh and Dave Sebastian HDB Financial Services Ltd. is close to securing the go-ahead from India's securities regulator for its initial public offering, according to people familiar with the plan, which would allow the shadow lender to launch one of the country's biggest listings this year. The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter. The company is making plans to kick off the process of engaging with prospective investors next month, one of the people said. Sebi didn't respond to an email seeking comment and a call to HDB Financial went unanswered. The approval would clear the way for the unit of HDFC Bank Ltd., the country's biggest private sector lender, to finally proceed with a deal that may fetch $1.5 billion, after months of waiting for regulatory clearance. It would test the Indian IPO market's ability to revive some of the spark seen last year, when it was one of the world's busiest places for new listings. At $1.5 billion, it would be the country's largest IPO ever for a shadow bank and the biggest one among all sectors since Hyundai Motor India Ltd.'s $3.3 billion deal last year. South Korea's LG Electronics Inc. was planning to take its Indian unit public this year but it paused work on it amid the market turmoil triggered by India's slowing economic growth and US tariffs. HDB Financial's listing is expected to be followed by even bigger ones. Tata Capital Ltd. submitted preliminary documents with India's markets regulator last month to raise as much as $2 billion. --With assistance from Saikat Das.
Mint
27-05-2025
- Business
- Mint
HDB Financial Services IPO: HDFC subsidiary likely to receive SEBI nod for $1.5 billion public offer
Bloomberg Published 27 May 2025, 05:29 PM IST HDB Financial Services Ltd. is close to securing the go-ahead from India's securities regulator for its initial public offering, according to people familiar with the plan, which would allow the shadow lender to launch one of the country's biggest listings this year. The Securities and Exchange Board of India's approval is set to be made public in the coming weeks, the people said, asking not to be named discussing a private matter. The company is making plans to kick off the process of engaging with prospective investors next month, one of the people said. SEBI didn't respond to an email seeking comment and a call to HDB Financial went unanswered. The approval would clear the way for the unit of HDFC Bank Ltd., the country's biggest private sector lender, to finally proceed with a deal that may fetch $1.5 billion, after months of waiting for regulatory clearance. It would test the Indian IPO market's ability to revive some of the spark seen last year, when it was one of the world's busiest places for new listings. At $1.5 billion, it would be the country's largest IPO ever for a shadow bank and the biggest one among all sectors since Hyundai Motor India Ltd.'s $3.3 billion deal last year. South Korea's LG Electronics Inc. was planning to take its Indian unit public this year but it paused work on it amid the market turmoil triggered by India's slowing economic growth and US tariffs. HDB Financial's listing is expected to be followed by even bigger ones. Tata Capital Ltd. submitted preliminary documents with India's markets regulator last month to raise as much as $2 billion.
