Look no further if you want to know when to expect the much-awaited HDB Financial Services IPO to make huge profits. You may have already bought the unlisted HDB Financial Services share and are on a hefty profit. Or you may want to capitalise on the rise in the listing price of HDB shares in the exchanges by buying at a lower offer price. However, with HDFC Bank, the largest private sector bank in India and 10th largest by market capitalisation globally, holding around 95% of HDB, you will only get a fraction of the quantity you apply in the IPO. It is because of the many times HDB could be subscribed because of its vast potential, with net profit rising from Rs. 378 crores in 2021 to over Rs. 2,461 cores in 2024. It is also the significant reason for the unlisted HDB Financial Services share price to double, from around Rs. 600 in October 2023 to over Rs. 1,200 in September 2024. And recent reports in the media of HDFC Bank approving the HDB IPO to raise around 7 to 9 billion dollars or around Rs. 10,000 crores, the share will rise more in the coming days.Â
So, check out all the sweet pre-Diwali news for HDB Financial Services, including reports of appointing top bankers and law firms to create a massive IPO before the end of the year. Then, you can reap huge profits by buying its unlisted shares now.
What is HDB Financial Services?
Before deep diving into the IPO details of HDB, it is essential to know all about it. HDFC Bank started HDB Financial Services in 2007 to become one of the top companies providing many forms of finance for individuals and companies. As a leading NBFC or Non-Banking Financial Company in India, it has been accredited with CRISIL AAA and CARE AAA ratings for long-term bank facilities and debt. Also, an A1+ rating for commercial papers and short-term debt makes it the most reliable financial institution in India. In the last one and a half decades, HDB has grown big to have over 1,680 branches in 27 states and four union territories across India. It offers various financial services, data, BPO, and other services to increase its revenue and profit.
When to expect HDB Financial Services IPO?
For any investor in unlisted shares, it is a dream come true to hear the ones they hold are coming out with the IPO to reap huge profits. And you are no different, and to have early Diwali sweets, news reports on the first week of September confirmed HDB is searching for top bankers and appointing a reputed legal firm to kickstart the IPO process. It follows the HDFC Bank board of directors’ approval on July 20, 2024, to initiate the IPO process by HDB to take all steps. So, you can expect your most awaited HDB IPO within this year or earlier to yield high returns.
The above facts about the fast-approaching HDB Financial Services IPO will end your long wait to reap huge profits. Current favourable market conditions will continue in the next few months, making Stockify the best platform to start your journey if you wish to invest in pre-IPO shares.