HDFC Bank Limited has informed the Exchange about General Updates
HDFCBANK · price
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HDFC Bank has informed the exchanges that its subsidiary HDB Financial Services Limited (HDBFS) has fixed the price band for its IPO at Rs. 700 to Rs. 740 per equity share (face value Rs. 10 each). The minimum bid lot has been set at 20 equity shares, with applications in multiples of 20 thereafter. The Board of Directors of HDFC Bank approved the transfer of its equity shares in HDBFS as part of the Offer for Sale (OFS) component of the IPO. These shares have been transferred to the escrow account opened by HDBFS on June 19, 2025.
This update confirms that the HDBFS IPO is progressing toward launch with a defined price band, and HDFC Bank is monetising part of its subsidiary stake via the OFS route. For HDFC Bank shareholders, the listing of HDBFS could unlock value, though it also signals a partial divestment in the profitable subsidiary.