Latest news with #HDBFinancialServicesLtd.
Time of India
18 hours ago
- Business
- Time of India
HDB Financial among most subscribed billion dollar Indian IPOs in 4 years
HDB Financial Services Ltd.'s $1.5 billion initial public offering is set to become India's most sought after large listing in at least four years on heavy bidding from foreign and domestic investors. The offering from the shadow-lending unit of the country's top private bank got bids for a little over two billion shares as of Friday afternoon in Mumbai, versus the 130.4 million shares available, according to data on the BSE's website. Global investors, domestic mutual funds and financial institutions made up the bulk of the demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Eat 1 Teaspoon Every Night, See What Happens A Week Later! [Video] getfittoday Undo Individual investors who bid for more than 1 million rupees of shares were also among the biggest backers of the stock. The portion reserved for small investors was also fully subscribed. Play Video Pause Skip Backward Skip Forward Unmute Current Time 0:00 / Duration 0:00 Loaded : 0% 0:00 Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 1x Playback Rate Chapters Chapters Descriptions descriptions off , selected Captions captions settings , opens captions settings dialog captions off , selected Audio Track default , selected Picture-in-Picture Fullscreen This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Text Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Opaque Semi-Transparent Transparent Caption Area Background Color Black White Red Green Blue Yellow Magenta Cyan Opacity Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Drop shadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. The over 15 times-demand for HDB shares is the biggest since food delivery firm Eternal Ltd .'s $1.4 billion IPO was subscribed more than 29 times, exchange data showed. The share sale comes amid a rebound in the benchmark NSE Nifty 50 Index, and may signal strong appetite for large Indian issuances ahead. The index is now less than 5% shy of its peak in September. Live Events There are some potentially bigger deals expected later this year, including those of Tata Capital Ltd. and LG Electronics Inc.'s domestic unit.
&w=3840&q=100)
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.
Time of India
27-05-2025
- Business
- Time of India
HDFC unit is said to near SEBI nod for $1.5 billion IPO
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. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like She Was The Dream Girl In The 80s, This Is Her Recently 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. Live Events 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.
